Indie Semiconductor Inc (NASDAQ:INDI) traded at $7.11 at close of the session on Tuesday, April 09, made an upward move of 5.02% on its previous day’s price.
Looking at the stock we see that its previous close was $6.77 and the beta (5Y monthly) reads 1.13 . In terms of its 52-week price range, INDI has a high of $10.85 and a low of $4.67. The company’s stock has gained about 4.41% over that past 30 days.
Indie Semiconductor Inc has a market cap of $1.30 billion and is expected to release its quarterly earnings report on May 13, 2024 – May 17, 2024.
There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the INDI stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of Hold. Long term indicators on average place the stock in the category of 50% Buy.
Looking further, we note the current price level is 7.89% off its SMA20 and 6.97% from its 50-day simple moving average. The RSI (14) is pointing at 57.41 while the volatility over the past week is 5.19% and jumps to 5.59% over the past one month. The beta value is 1.15, while the average true range (ATR) is currently pointing at 0.40.
Coming back to Indie Semiconductor Inc (NASDAQ:INDI), we note that the average 3-month trading volume was 2.44 million, while that of the preceding 10-day period stands at 2.53 million. Current shares outstanding are 163.19 million.
The insiders hold 16.61% of the company’s shares while institutions hold 68.47%. The data shows that short shares as of Mar 15, 2024, stood at 21.43 million at a short ratio of 6.87. This represents a 12.84% short interest in shares outstanding on Mar 15, 2024. Shares short rose in March from the previous month at 19.44 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -12.33% down in year-to-date price movement.
