Indie Semiconductor Inc (NASDAQ: INDI) is -41.43% lower on its value in year-to-date trading and has touched a low of $3.16 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 $5.08 in the last trading session, with the day’s loss setting it -0.33%.
Currently trading at $4.75, the stock is 27.21% and 27.23% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.92 million and changing -6.50% at the moment leaves the stock -14.13% off its SMA200. INDI registered -15.78% loss for a year compared to 6-month loss of -20.97%. The firm has a 50-day simple moving average (SMA 50) of $3.7139 and a 200-day simple moving average (SMA200) of $5.5416.
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The stock witnessed a 31.22% gain in the last 1 month and extending the period to 3 months gives it a 20.56%, and is 42.64% 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 11.22% over the week and 6.84% over the month.
Indie Semiconductor Inc (INDI) has around 900 employees, a market worth around $959.11M and $228.81M in sales. Profit margin for the company is -49.88%. Distance from 52-week low is 50.32% and -45.34% from its 52-week high. The company has generated returns on investments over the last 12 months (-18.07%).
with sales reaching $58.18M over the same period.The EPS is expected to shrink by -32.67% this year, but quarterly earnings will post -2.90% year-over-year. Quarterly sales are estimated to shrink -17.00% in year-over-year returns.
Indie Semiconductor Inc (INDI) Top Institutional Holders
The shares outstanding are 197.42M, and float is at 174.81M with Short Float at 16.73%.
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
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Indie Semiconductor Inc disclosed in a document filed with the SEC on Sep 03 ’24 that Wittmann Michael (Chief Operating Officer) sold a total of 3,531 shares of the company’s common stock. The trade occurred on Sep 03 ’24 and was made at $3.87 per share for $13665.0. Following the transaction, the insider now directly holds 47235.0 shares of the INDI stock.
Still, SEC filings show that on Sep 03 ’24, schiller Thomas (CFO and EVP of Strategy) disposed off 75,000 shares at an average price of $3.83 for $0.29 million. The insider now directly holds 977,192 shares of Indie Semiconductor Inc (INDI).
