indie Semiconductor (INDI) Stock Price, News & Analysis

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for indie Semiconductor in the last year. There are currently 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" INDI shares.
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7 analysts have issued 12 month price targets for indie Semiconductor's shares. Their INDI share price targets range from $10.00 to $17.00. On average, they expect the company's share price to reach $13.50 in the next year. This suggests a possible upside of 133.6% from the stock's current price.
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indie Semiconductor's stock was trading at $8.11 at the beginning of the year. Since then, INDI stock has decreased by 28.7% and is now trading at $5.78.
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indie Semiconductor saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 23,210,000 shares, an increase of 8.3% from the March 15th total of 21,430,000 shares. Based on an average trading volume of 2,430,000 shares, the short-interest ratio is presently 9.6 days. Currently, 15.2% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 9th 2024.
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indie Semiconductor will be holding an earnings conference call on Thursday, May 9th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671 with passcode "34978665".

indie Semiconductor, Inc. (NASDAQ:INDI) posted its earnings results on Thursday, February, 22nd. The company reported ($0.05) earnings per share for the quarter, topping analysts' consensus estimates of ($0.09) by $0.04. The company earned $70.13 million during the quarter, compared to the consensus estimate of $72.69 million. indie Semiconductor had a negative net margin of 52.46% and a negative trailing twelve-month return on equity of 15.84%.

ETFs with the largest weight of indie Semiconductor (NASDAQ:INDI) stock in their portfolio include Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares (EVAV), Clough Select Equity ETF (CBSE), SPDR S&P Semiconductor ETF (XSD), Clough Long/Short Equity ETF (CBLS), Columbia Seligman Semiconductor and Technology ETF (SEMI), Direxion Moonshot Innovators ETF (MOON) and Fidelity Electric Vehicles and Future Transportation ETF (FDRV).Harbor Small Cap Explorer ETF (QWST).

indie Semiconductor issued an update on its first quarter 2024 earnings guidance on Thursday, February, 22nd. The company provided EPS guidance of for the period. The company issued revenue guidance of $55.8 million-$55.8 million, compared to the consensus revenue estimate of $76.2 million.

indie Semiconductor's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Moody National Bank Trust Division (0.30%), Bouvel Investment Partners LLC (0.08%), Register Financial Advisors LLC (0.07%), Salem Investment Counselors Inc. (0.03%), IMC Chicago LLC (0.00%) and Financial Management Professionals Inc. (0.00%). Insiders that own company stock include Donald Mcclymont, Ichiro Aoki, Kanwardev Raja Singh Bal, Michael Wittmann, Scott David Kee, Sonalee Elizabeth Parekh, Steven Machuga and Thomas Schiller.
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Shares of INDI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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