indie Semiconductor (NASDAQ:INDI – Get Free Report) is scheduled to release its earnings data after the market closes on Thursday, May 9th. Analysts expect indie Semiconductor to post earnings of ($0.08) per share for the quarter. indie Semiconductor has set its Q1 2024 guidance at EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.
indie Semiconductor (NASDAQ:INDI – Get Free Report) last posted its quarterly earnings results on Thursday, February 22nd. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.04. indie Semiconductor had a negative return on equity of 15.84% and a negative net margin of 52.46%. The business had revenue of $70.13 million for the quarter, compared to analysts’ expectations of $72.69 million. On average, analysts expect indie Semiconductor to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
indie Semiconductor Trading Up 2.7 %
INDI stock opened at $6.13 on Tuesday. indie Semiconductor has a one year low of $4.67 and a one year high of $10.85. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of -7.21 and a beta of 1.21. The company has a fifty day moving average price of $6.29 and a two-hundred day moving average price of $6.67. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.96 and a quick ratio of 1.72.
Insider Buying and Selling at indie Semiconductor
Analyst Upgrades and Downgrades
Several analysts recently commented on INDI shares. KeyCorp reduced their target price on shares of indie Semiconductor from $12.00 to $10.00 and set an “overweight” rating for the company in a report on Friday, February 23rd. Craig Hallum decreased their target price on indie Semiconductor from $12.00 to $10.00 and set a “buy” rating on the stock in a research report on Friday, February 23rd. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $13.50.
Read Our Latest Stock Report on indie Semiconductor
About indie Semiconductor
indie Semiconductor, Inc provides automotive semiconductors and software solutions for advanced driver assistance systems, autonomous vehicle, in-cabin, connected car, and electrification applications in the United States, South America, rest of North America, Greater China, South Korea, rest of the Asia Pacific, and Europe.
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