Indie Semiconductor Inc (NASDAQ:INDI) price on current trading day, rose 2.64% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $2.33.
A look at the stock’s price movement, the close in the last trading session was $2.27, moving within a range at $2.26 and $2.38. The beta value (5-Year monthly) was 1.529. Turning to its 52-week performance, $7.82 and $2.27 were the 52-week high and 52-week low respectively. Overall, INDI moved -42.18% over the past month.
Indie Semiconductor Inc’s market cap currently stands at around $485.79 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-19.
Analysts have a consensus estimate of 54.94M for the company’s revenue for the quarter, with a low and high estimate of 53M and 56.4M respectively. The average forecast suggests up to a 4.94% 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 263.6M, representing a 21.65% jump 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 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% 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 -18.79% and -36.09% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 31.37, while 7-day volatility ratio is 8.51% and 8.85% in the 30-day chart. Further, Indie Semiconductor Inc (INDI) has a beta value of 1.80, and an average true range (ATR) of 0.25. 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 -286.27% off current price level while to achieve the yearly target high, price needs to move -286.27%. Nonetheless, investors will most likely welcome a -286.27% 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 4.15 over the past 10 days and 4.15 million over the past 3 months. The company’s latest data on shares outstanding shows there are 189.16 million shares.
The 10.85% of Indie Semiconductor Inc’s shares are in the hands of company insiders while institutional holders own 91.01% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 49.74 million on 2025-02-28, giving us a short ratio of 12.13. The data shows that as of 2025-02-28 short interest in Indie Semiconductor Inc (INDI) stood at 2975.0 of shares outstanding, with shares short rising to 45.75 million registered in 2025-01-31. Current price change has pushed the stock -42.47% 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.
