indie Semiconductor Stock Price, News & Analysis (NASDAQ:INDI)

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for indie Semiconductor in the last twelve months. There are currently 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" INDI shares.
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6 brokers have issued 1-year price targets for indie Semiconductor's stock. Their INDI share price targets range from $12.00 to $17.00. On average, they predict the company's stock price to reach $13.92 in the next year. This suggests a possible upside of 86.6% from the stock's current price.
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indie Semiconductor's stock was trading at $5.83 on January 1st, 2023. Since then, INDI stock has increased by 28.0% and is now trading at $7.46.
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indie Semiconductor saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 19,310,000 shares, an increase of 19.3% from the October 31st total of 16,180,000 shares. Based on an average daily volume of 2,460,000 shares, the short-interest ratio is currently 7.8 days. Currently, 14.1% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 15th 2024.
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indie Semiconductor, Inc. (NASDAQ:INDI) announced its quarterly earnings data on Thursday, November, 9th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.16) by $0.01. The business had revenue of $60.48 million for the quarter, compared to analysts' expectations of $59.99 million. indie Semiconductor had a negative trailing twelve-month return on equity of 18.35% and a negative net margin of 65.14%.

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), Clough Long/Short Equity ETF (CBLS), SPDR S&P Semiconductor ETF (XSD), Invesco Dorsey Wright Technology Momentum ETF (PTF), Direxion Moonshot Innovators ETF (MOON), Columbia Seligman Semiconductor and Technology ETF (SEMI) and Harbor Small Cap Explorer ETF (QWST).

indie Semiconductor issued an update on its third quarter 2023 earnings guidance on Monday, October, 16th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $60.00M-, compared to the consensus revenue estimate of $60.02 million.

indie Semiconductor's stock is owned by many different retail and institutional investors. Top institutional investors include Bamco Inc. NY (6.70%), Primecap Management Co. CA (2.54%), Emerald Advisers LLC (1.68%), Ameriprise Financial Inc. (1.35%), Emerald Mutual Fund Advisers Trust (1.35%) and AIGH Capital Management LLC (1.27%). Insiders that own company stock include Donald Mcclymont, Ichiro Aoki, Kanwardev Raja Singh Bal, 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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