indie Semiconductor Inc. (NASDAQ:INDI) currently has a daily average trading volume of 1.97M but it saw 1547134 shares traded on Thursday. With a market cap of 1.51B USD, stock’s current market price of $9.09 came rising about 1.91 while comparing to the previous closing price of $8.92. In past 52 weeks, the stock remained buoying in the range of price level as high as $11.12 and as low as $5.22. In the recent trading on the day, stock has struck highest price mark of $9.32 while lowest mark touched by it was $8.80.
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Taking a look at 20-day trading activity of indie Semiconductor Inc. (INDI) gives us an average price of $8.35, while its current price level is -18.26% below from 52-week high level whereas it is 73.97% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $9.07 while that of 200 days or SMA-200 reads an average of $8.22. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.56% during that period while stretching the period over a month that increases to 5.16%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 56.35 which implies that the stock is in neutral territory.
indie Semiconductor Inc. (INDI)’s stock is currently under the radar of 6 analysts who are in consensus at a 12-month price target range of between $12.00 and $20.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $12.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $20.00. Average price target assigned by them is $15.67 which highlights an upside potential of 41.99% for the stock over that period. And to attain the median price target of $15.50 assigned by those analysts, stock has to add about 41.35% of value to its current levels.
Data by FactSet Research shows that 6 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 6 analysts suggested the investors to Buy the stock while 0 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Buy for the stock and that issued by Wall Street to investors is Moderate Buy.
Over the week, INDI’s stock price is moving 0.11% up while it is 9.52% when we observe its performance for the past one month. Year-to-date it is 55.92% up and over the past year, the stock is showing an upside performance of 39.85%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of -$0.1 beat the consensus estimate of -$0.11 for the same. The company is expected to be releasing its next quarterly report in 08/09/2023, for which analysts forecasted an EPS of -$0.09 while estimate for next year EPS is -$0.19. For INDI, analysts are forecasting an EPS-growth rate of 64.20% for current year and estimate for EPS growth in next year is 263.20%. In next quarter, company is expected to be making quarterly sales of $67.85 million as analysts are expecting the sales for current fiscal year at $249.89 million and seeing the company making $401.64 million in sales next year. Moreover, analysts are in estimates of $52.01 million for current-quarter revenue.
Currently, indie Semiconductor Inc.’s total number of outstanding shares is 131.49M with 16.94% of that held by the insiders while 58.89% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -24.40% and return on equity (ROE) at -39.20%. It has a 29.13 of forward P/E ratio. Stock’s beta reads 0.81. Stock has a price to book (P/B) ratio of 3.31 while price to sale or P/S ratio amounts to 11.70. Its return on asset (ROA) is -22.40% on average.
A filing at the U.S. Securities and Exchange Commission revealed that Lord Abbett Developing Growth Fun came shrinking its share ownership by 157.22% in the indie Semiconductor Inc. (INDI) increasing its stake to 2.58% with control over 2.0 million shares in the company. In the most recent quarter, JNL Multi-Manager Small Cap Growt came rising its stake by 49.78% in the company and now holds 2.64 million or 2.08% of the company’s stake having worth of about 20.0 million.
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