Indie Semiconductor Inc (NASDAQ:INDI) price closed higher on Friday, May 03, jumping 2.75% above its previous close.
A look at the daily price movement shows that the last close reads $5.81. Taking into account the 52-week price action we note that the stock hit a 52-week high of $10.85 and 52-week low of $4.67. The stock subtracted -7.01% on its value in the past month.
Indie Semiconductor Inc, which has a market valuation of $1.11 billion. Analysts tracking INDI have forecast the quarterly EPS to shrink by -0.08 per share this quarter, while the same analysts predict the annual EPS to hit -$0.18 for the year 2024 and up to $0.13 for 2025. In this case, analysts estimate an annual EPS growth of 45.50% for the year and 172.20% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $56.17 million, with the likely lows of $56 million and highs of $56.8 million. The average estimate suggests sales growth for the quarter will likely rise by 40.40% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $282.88 million for the company’s annual revenue in 2024. Per this projection, the revenue is forecast to grow 26.80% above that which the company brought in 2024.
On the technical perspective front, indicators give INDI a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 50% Sell.
The overview shows that INDI’s price is at present 0.99% off the SMA20 and -5.02% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 50.30, with weekly volatility standing at 5.61%. The indicator jumps to 5.66% when calculated based on the past 30 days. Indie Semiconductor Inc (NASDAQ:INDI)’s beta value is holding at 1.20, while the average true range (ATR) indicator is currently reading 0.36.
An analysis of the Indie Semiconductor Inc (NASDAQ:INDI) stock in terms of its daily trading volume indicates that the 3-month average is 2.91 million.
Current records show that the company has 163.19M in outstanding shares. The insiders’ percentage holdings are 16.37% of outstanding shares while the percentage share held by institutions stands at 71.23%. But the -26.39% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
