Indie Semiconductor Inc (NASDAQ:INDI) price on Wednesday, May 09, fall -3.16% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $5.82.
A look at the stock’s price movement, the close in the last trading session was $6.01. Turning to its 52-week performance, $10.85 and $4.67 were the 52-week high and 52-week low respectively. Overall, INDI moved -18.14% over the past month.
Indie Semiconductor Inc’s market cap currently stands at around $1.08 billion.
Analysts have a consensus estimate of 56.17M for the company’s revenue for the quarter, with a low and high estimate of 56M and 56.8M respectively. The average forecast suggests up to a 40.40% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 282.88M, representing a 26.80% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that INDI is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
INDI’s current price about 0.57% and -7.12% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 47.31, while 7-day volatility ratio is 4.46% and 5.44% in the 30-day chart. Further, Indie Semiconductor Inc (INDI) has a beta value of 1.21, and an average true range (ATR) of 0.34.
If we refocus on Indie Semiconductor Inc (NASDAQ:INDI), historical trading data shows that trading volumes averaged 2.90 million over the past 3 months. The company’s latest data on shares outstanding shows there are 163.19 million shares.
The 16.37% of Indie Semiconductor Inc’s shares are in the hands of company insiders while institutional holders own 71.27% of the company’s shares. Current price change has pushed the stock -28.24% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the INDI stock continues to rise going into the next quarter.
