indie Semiconductor (INDI) Stock Price, News & Analysis

7 Wall Street 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 analysts is that investors should "buy" INDI shares.
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7 equities research analysts have issued 1-year target prices for indie Semiconductor's shares. Their INDI share price targets range from $10.00 to $17.00. On average, they predict the company's share price to reach $13.50 in the next twelve months. This suggests a possible upside of 150.5% 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 33.5% and is now trading at $5.39.
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indie Semiconductor saw a increase in short interest in 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 daily trading volume, of 2,430,000 shares, the short-interest ratio is presently 9.6 days. Approximately 15.2% of the shares of the stock 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) released its earnings results on Thursday, February, 22nd. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.04. The company had revenue of $70.13 million for the quarter, compared to analyst estimates 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), SPDR S&P Semiconductor ETF (XSD), 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 earnings per share 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 number of retail and institutional investors. Top institutional investors include Moody National Bank Trust Division (0.30%), Allspring Global Investments Holdings LLC (0.09%), Bouvel Investment Partners LLC (0.08%), Register Financial Advisors LLC (0.07%), Salem Investment Counselors Inc. (0.03%) and IMC Chicago LLC (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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