Indie Semiconductor Inc (NASDAQ: INDI) is -52.65% lower on its value in year-to-date trading and has touched a low of $3.73 and a high of $8.69 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The INDI stock was last observed hovering at around $3.89 in the last trading session, with the day’s loss setting it -0.05%.
Currently trading at $3.84, the stock is -7.60% and -28.56% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.81 million and changing -1.41% at the moment leaves the stock -40.45% off its SMA200. INDI registered -45.30% loss for a year compared to 6-month loss of -41.01%.
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The stock witnessed a -21.63% gain in the last 1 month and extending the period to 3 months gives it a -50.77%, and is -1.29% down 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 5.99% over the week and 6.62% over the month.
Indie Semiconductor Inc (INDI) has around 900 employees, a market worth around $758.09M and $235.32M in sales. Profit margin for the company is -34.65%. Distance from 52-week low is 2.95% and -55.81% from its 52-week high. The company has generated returns on investments over the last 12 months (-12.75%).
The EPS is expected to shrink by -37.98% this year
The shares outstanding are 197.42M, and float is at 174.52M with Short Float at 15.29%.
The top institutional shareholder in the company is GRANAHAN INVESTMENT MANAGEMENT, LLC with over 18.39 million shares valued at $113.48 million. The investor’s holdings represent 11.1738 of the INDI Shares outstanding. As of 2024-06-30, the second largest holder is PRIMECAP MANAGEMENT CO/CA/ with 15.78 million shares valued at $97.36 million to account for 9.5862 of the shares outstanding. The other top investors are BAMCO INC /NY/ which holds 15.15 million shares representing 9.2049 and valued at over $93.48 million, while BLACKROCK INC. holds 7.8046 of the shares totaling 12.85 million with a market value of $79.26 million.
Indie Semiconductor Inc (INDI) Insider Activity
The most recent transaction is an insider sale by Wittmann Michael, the company’s Chief Operating Officer. SEC filings show that Wittmann Michael sold 3,531 shares of the company’s common stock on Sep 03 ’24 at a price of $3.87 per share for a total of $13665.0. Following the sale, the insider now owns 47235.0 shares.
Indie Semiconductor Inc disclosed in a document filed with the SEC on Sep 03 ’24 that schiller Thomas (CFO and EVP of Strategy) sold a total of 75,000 shares of the company’s common stock. The trade occurred on Sep 03 ’24 and was made at $3.83 per share for $0.29 million. Following the transaction, the insider now directly holds 0.98 million shares of the INDI stock.
Still, SEC filings show that on Sep 03 ’24, THOMAS SCHILLER (Officer) Proposed Sale 75,000 shares at an average price of $4.15 for $0.31 million. The insider now directly holds shares of Indie Semiconductor Inc (INDI).
