Indie Semiconductor Inc (NASDAQ:INDI) price on Thursday, January 16, fall -2.05% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $4.31.
A look at the stock’s price movement, the close in the last trading session was $4.40, moving within a range at $4.31 and $4.54. The beta value (5-Year monthly) was 1.21. Turning to its 52-week performance, $7.82 and $3.16 were the 52-week high and 52-week low respectively. Overall, INDI moved -2.71% over the past month.
Indie Semiconductor Inc’s market cap currently stands at around $870.26 million, with investors looking forward to this quarter’s earnings report slated for in February.
Analysts have a consensus estimate of 58.21M for the company’s revenue for the quarter, with a low and high estimate of 57.8M and 59.5M respectively. The average forecast suggests down to a -16.99% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 216.86M, representing a -2.83% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that INDI is a Hold. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
4 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 3 recommend INDI as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
INDI’s current price about 1.35% and -1.57% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 50.53, while 7-day volatility ratio is 7.35% and 7.23% in the 30-day chart. Further, Indie Semiconductor Inc (INDI) has a beta value of 1.41, and an average true range (ATR) of 0.34. Analysts have given the company’s stock an average 52-week price target of $9, forecast between a low of $9 and high of $9. Looking at the price targets, the low is -108.82% off current price level while to achieve the yearly target high, price needs to move -108.82%. Nonetheless, investors will most likely welcome a -108.82% jump to $9 which is the analysts’ median price.
If we refocus on Indie Semiconductor Inc (NASDAQ:INDI), historical trading data shows that trading volumes averaged 5.02 over the past 10 days and 5.27 million over the past 3 months. The company’s latest data on shares outstanding shows there are 181.43 million shares.
The 11.18% of Indie Semiconductor Inc’s shares are in the hands of company insiders while institutional holders own 82.96% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 45.2 million on 2024-12-31, giving us a short ratio of 6.12. The data shows that as of 2024-12-31 short interest in Indie Semiconductor Inc (INDI) stood at 2819.9999999999995 of shares outstanding, with shares short rising to 28.05 million registered in 2024-11-29. Current price change has pushed the stock 6.42% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the INDI stock continues to rise going into the next quarter.
