indie Semiconductor (NASDAQ:INDI – Get Free Report) is set to issue its quarterly earnings data after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of ($0.08) per share for the quarter. indie Semiconductor has set its Q1 2024 guidance at EPS.Parties interested in registering for the company’s conference call can do so using this link.
indie Semiconductor (NASDAQ:INDI – Get Free Report) last announced its quarterly earnings data on Thursday, February 22nd. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates 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 Price Performance
Shares of NASDAQ:INDI opened at $5.48 on Thursday. The company has a current ratio of 1.96, a quick ratio of 1.72 and a debt-to-equity ratio of 0.33. indie Semiconductor has a 1 year low of $4.67 and a 1 year high of $10.85. The business has a fifty day simple moving average of $6.34 and a 200 day simple moving average of $6.67. The firm has a market cap of $1.00 billion, a price-to-earnings ratio of -6.45 and a beta of 1.15.
Insider Transactions at indie Semiconductor
Analyst Upgrades and Downgrades
INDI has been the subject of several recent research reports. Craig Hallum cut their price objective on indie Semiconductor from $12.00 to $10.00 and set a “buy” rating for the company in a report on Friday, February 23rd. KeyCorp cut their target price on indie Semiconductor from $12.00 to $10.00 and set an “overweight” rating on the stock in a report on Friday, February 23rd. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $13.50.
Check Out Our Latest Stock Report on INDI
indie Semiconductor Company Profile
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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