indie Semiconductor (INDI) Stock Forecast, Price & News

6 Wall Street 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 research analysts is that investors should "buy" INDI shares.
View INDI analyst ratings or view top-rated stocks.

6 brokerages have issued 12-month price objectives for indie Semiconductor's stock. Their INDI share price forecasts range from $12.00 to $17.00. On average, they predict the company's share price to reach $13.92 in the next year. This suggests a possible upside of 119.2% from the stock's current price.
View analysts price targets for INDI or view top-rated stocks among Wall Street analysts.

indie Semiconductor's stock was trading at $5.83 on January 1st, 2023. Since then, INDI stock has increased by 8.9% and is now trading at $6.35.
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indie Semiconductor saw a increase in short interest in September. As of September 15th, there was short interest totaling 17,580,000 shares, an increase of 16.3% from the August 31st total of 15,120,000 shares. Based on an average trading volume of 2,220,000 shares, the days-to-cover ratio is currently 7.9 days. Approximately 14.4% 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, November 9th 2023.
View our INDI earnings forecast.

indie Semiconductor, Inc. (NASDAQ:INDI) issued its quarterly earnings results on Thursday, August, 10th. The company reported ($0.11) EPS for the quarter, missing analysts' consensus estimates of ($0.09) by $0.02. The firm earned $52.11 million during the quarter, compared to the consensus estimate of $51.98 million. indie Semiconductor had a negative net margin of 91.08% and a negative trailing twelve-month return on equity of 17.49%.

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 & Technology ETF (SEMI) and Global X Autonomous & Electric Vehicles ETF (DRIV).

indie Semiconductor trades on the NASDAQ under the ticker symbol "INDI."

indie Semiconductor's stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (5.53%), Granahan Investment Management LLC (4.36%), State Street Corp (4.34%), Summit Partners Public Asset Management LLC (2.56%), Yiheng Capital Management L.P. (2.33%) and Soros Fund Management LLC (1.87%). 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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One share of INDI stock can currently be purchased for approximately $6.35.

indie Semiconductor (NASDAQ:INDI) has a market capitalization of $1.05 billion and generates $110.80 million in revenue each year. The company earns $-43,400,000.00 in net income (profit) each year or ($1.10) on an earnings per share basis.

The company employs 600 workers across the globe.

indie Semiconductor's mailing address is 9912 GEORGETOWN PIKE SUITE D203, GREAT FALLS VA, 22066. The official website for the company is www.indiesemi.com. The company can be reached via phone at 949-608-0854 or via email at ir@indiesemi.com.