Indie Semiconductor Inc (NASDAQ:INDI) shares, rose in value on Thursday, March 27, with the stock price up by 4.63% to the previous day’s close as strong demand from buyers drove the stock to $2.26.
Actively observing the price movement in the last trading, the stock closed the session at $2.16, falling within a range of $2.05 and $2.27. The value of beta (5-year monthly) was 1.529. Referring to stock’s 52-week performance, its high was $7.82, and the low was $2.12. On the whole, INDI has fluctuated by -29.37% over the past month.
With the market capitalization of Indie Semiconductor Inc currently standing at about $471.20 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-19.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 263.6M, with a low estimate of 53M and a high estimate of 56.4M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 54.94M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that INDI’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of INDI currently trading nearly -10.50% and -33.61% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 34.99, while the 7-day volatility ratio is showing 8.50% which for the 30-day chart, stands at 8.98%. Furthermore, Indie Semiconductor Inc (INDI)’s beta value is 1.81, and its average true range (ATR) is 0.23.
A comparison of Indie Semiconductor Inc (INDI) with its peers suggests the former has fared considerably weaker in the market. INDI showed an intraday change of 4.63% in last session, and over the past year, it shrunk by -64.35%%.
Data on historical trading for Indie Semiconductor Inc (NASDAQ:INDI) indicates that the trading volumes over the past 10 days have averaged 4.55 and over the past 3 months, they’ve averaged 4.19 million. According to company’s latest data on outstanding shares, there are 189.16 million shares outstanding.
Nearly 10.85% of Indie Semiconductor Inc’s shares belong to company insiders and institutional investors own 91.01% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 49.8 million shares as on 2025-03-14, resulting in a short ratio of 10.12. According to the data, the short interest in Indie Semiconductor Inc (INDI) stood at 2978.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 49.85 million. The stock has fallen by -44.20% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the INDI stock heading into the next quarter.
