indie Semiconductor Inc. (NASDAQ: INDI) is 59.01% higher on its value in year-to-date trading and has touched a low of $5.22 and a high of $11.12 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The INDI stock was last observed hovering at around $9.11 in the last trading session, with the day’s gains setting it 0.16% off its average median price target of $15.50 for the next 12 months. It is also 53.65% off the consensus price target high of $20.00 offered by 6 analysts, but current levels are 22.75% higher than the price target low of $12.00 for the same period.
Currently trading at $9.27, the stock is 12.97% and 1.26% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.12 million and changing 1.76% at the moment leaves the stock 13.14% off its SMA200. INDI registered 35.53% gain for a year compared to 6-month gain of 20.55%. The firm has a 50-day simple moving average (SMA 50) of $8.18 and a 200-day simple moving average (SMA200) of -$7.11.
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The stock witnessed a 6.55% loss in the last 1 month and extending the period to 3 months gives it a -6.27%, and is 8.42% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.42% over the week and 4.98% over the month.
indie Semiconductor Inc. (INDI) has around 600 employees, a market worth around $1.54B and $129.30M in sales. Fwd P/E is 29.71. Profit margin for the company is -98.20%. Distance from 52-week low is 77.42% and -16.64% from its 52-week high. The company has generated returns on investments over the last 12 months (-24.40%).
indie Semiconductor Inc. (INDI) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for indie Semiconductor Inc. (INDI) is a “Buy”. 6 analysts offering their recommendations for the stock have an average rating of 2.00, where 0 rate it as a Hold and 0 think it is a “Overweight”. 6 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
indie Semiconductor Inc. is expected to release its quarterly report on 08/09/2023.The EPS is expected to grow by 42.40% this year.
indie Semiconductor Inc. (INDI) Top Institutional Holders
The shares outstanding are 131.49M, and float is at 81.04M with Short Float at 15.55%.
indie Semiconductor Inc. (INDI) Insider Activity
A total of 48 insider transactions have happened at indie Semiconductor Inc. (INDI) in the last six months, with sales accounting for 29 and purchases happening 19 times. The most recent transaction is an insider sale by Aoki Ichiro,the company’sPresident. SEC filings show that Aoki Ichiro sold 100,000 shares of the company’s common stock on May 17 at a price of $9.00 per share for a total of $0.9 million. Following the sale, the insider now owns 6341.0 shares.
indie Semiconductor Inc. disclosed in a document filed with the SEC on May 15 that Aoki Ichiro (President) sold a total of 100,000 shares of the company’s common stock. The trade occurred on May 15 and was made at $8.11 per share for $0.81 million. Following the transaction, the insider now directly holds 6341.0 shares of the INDI stock.
Still, SEC filings show that on May 10, McClymont Donald (Chief Executive Officer) disposed off 50,000 shares at an average price of $8.08 for $0.4 million. The insider now directly holds 21,602 shares of indie Semiconductor Inc. (INDI).
