Indie Semiconductor Inc [NASDAQ: INDI] plunged by -$0.23 during the normal trading session on while it closed the day at $3.89.
Indie Semiconductor Inc stock has also loss -8.90% of its value over the past 7 days. However, INDI stock has declined by -41.59% in the 3 months of the year. Over the past six months meanwhile, it has lost -35.97% and lost -52.03% year-on date.
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The market cap for INDI stock reached $767.96 million, with 197.42 million shares outstanding and 174.52 million shares in the current float. Compared to the average trading volume of 2.86M shares, INDI reached a trading volume of 4176275 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Indie Semiconductor Inc [INDI]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for INDI shares is $9.11 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on INDI stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Craig Hallum have made an estimate for Indie Semiconductor Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on February 23, 2024. While these analysts kept the previous recommendation, CJS Securities raised their target price to Market Outperform. The new note on the price target was released on December 01, 2023, representing the official price target for Indie Semiconductor Inc stock. Previously, the target price had yet another raise from $10 to $13, while B. Riley Securities kept a Buy rating on INDI stock. On June 15, 2022, analysts decreased their price target for INDI shares from 9 to 8.
The Average True Range (ATR) for Indie Semiconductor Inc is set at 0.30, with the Price to Sales ratio for INDI stock in the period of the last 12 months amounting to 3.26. The Price to Book ratio for the last quarter was 1.61, with the Price to Cash per share for the same quarter was set at 0.62.
INDI stock trade performance evaluation
Indie Semiconductor Inc [INDI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.90. With this latest performance, INDI shares dropped by -35.27% in over the last four-week period, additionally sinking by -35.97% over the last 6 months – not to mention a drop of -39.41% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for INDI stock in for the last two-week period is set at 28.82, with the RSI for the last a single of trading hit 27.37, and the three-weeks RSI is set at 31.33 for Indie Semiconductor Inc [INDI]. The present Moving Average for the last 50 days of trading for this stock 5.56, while it was recorded at 4.08 for the last single week of trading, and 6.49 for the last 200 days.
Indie Semiconductor Inc [INDI]: An insightful look at the core fundamentals
Indie Semiconductor Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.20 and a Current Ratio set at 2.66.
Earnings per share (EPS) analysis for Indie Semiconductor Inc [INDI] stock
With the latest financial reports released by the company, Indie Semiconductor Inc posted -0.08/share EPS, while the average EPS was predicted by analysts to be reported at -0.08/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for INDI.
Indie Semiconductor Inc [INDI]: Institutional Ownership
The top three institutional holders of INDI stocks are: GRANAHAN INVESTMENT MANAGEMENT, LLC with ownership of 18.39 million shares, which is approximately 11.1738%. PRIMECAP MANAGEMENT CO/CA/, holding 15.78 million shares of the stock with an approximate value of $$97.36 million in INDI stocks shares; and PRIMECAP MANAGEMENT CO/CA/, currently with $$93.48 million in INDI stock with ownership which is approximately 9.2049%.
