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Currently, there are 194.39M common shares owned by the public and among those 189.69M shares have been available to trade.
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The company’s stock has a 5-day price change of 7.50% and 134.97% over the past three months. INDI shares are trading -35.14% year to date (YTD), with the 12-month market performance up to 6.17% higher. It has a 12-month low price of $1.53 and touched a high of $6.52 over the same period. INDI has an average intraday trading volume of 3.81 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 9.19%, 31.15%, and 25.65% respectively.
Institutional ownership of Indie Semiconductor Inc (NASDAQ: INDI) shares accounts for 88.61% of the company’s 194.39M shares outstanding.
It has a market capitalization of $913.81M and a beta (3y monthly) value of 2.23. The earnings-per-share (ttm) stands at -$0.75. Price movements for the stock have been influenced by the stock’s volatility, which stands at 11.92% over the week and 9.49% over the month.
Analysts forecast that Indie Semiconductor Inc (INDI) will achieve an EPS of -0.08 for the current quarter, -0.05 for the next quarter and 0.06 for current fiscal year. The lowest estimate earnings-per-share for the quarter is -0.08 while analysts give the company a high EPS estimate of -0.08. Comparatively, EPS for the current quarter was -0.09 a year ago. Earnings per share for the fiscal year are expected to increase by 40.48%, and 127.20% over the next financial year.
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Looking at the support for the INDI, a number of firms have released research notes about the stock. UBS stated their Neutral rating for the stock in a research note on January 24, 2025, with the firm’s price target at $4.50. Craig Hallum coverage for the Indie Semiconductor Inc (INDI) stock in a research note released on February 23, 2024 offered a Buy rating with a price target of $10. CJS Securities was of a view on December 01, 2023 that the stock is Market Outperform, while B. Riley Securities gave the stock Buy rating on February 14, 2023, issuing a price target of $10- $13. B. Riley Securities on their part issued Neutral rating on June 15, 2022.
