indie Semiconductor (INDI) Scheduled to Post Earnings on Thursday

indie Semiconductor (NASDAQ:INDI) is scheduled to be releasing its 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.Individual that wish to listen to the company’s earnings conference call can do so using this link.

indie Semiconductor (NASDAQ:INDI) last issued 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. The business had revenue of $70.13 million during the quarter, compared to analyst estimates of $72.69 million. indie Semiconductor had a negative net margin of 52.46% and a negative return on equity of 15.84%. 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 Stock Down 2.0 %

Shares of INDI opened at $6.01 on Wednesday. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of -7.22 and a beta of 1.21. indie Semiconductor has a 52 week low of $4.67 and a 52 week high of $10.85. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.72 and a current ratio of 1.96. The business’s fifty day moving average price is $6.29 and its two-hundred day moving average price is $6.68.

Insiders Place Their Bets

In other news, CEO Donald Mcclymont sold 50,000 shares of indie Semiconductor stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $6.25, for a total transaction of $312,500.00. Following the transaction, the chief executive officer now owns 76,750 shares in the company, valued at approximately $479,687.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other indie Semiconductor news, COO Michael Wittmann sold 8,700 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $6.95, for a total transaction of $60,465.00. Following the completion of the transaction, the chief operating officer now owns 35,460 shares in the company, valued at approximately $246,447. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Donald Mcclymont sold 50,000 shares of the business’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $6.25, for a total value of $312,500.00. Following the completion of the sale, the chief executive officer now owns 76,750 shares in the company, valued at $479,687.50. The disclosure for this sale can be found here. Insiders sold 173,323 shares of company stock worth $1,081,244 over the last ninety days. 9.90% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on INDI shares. Craig Hallum dropped their price target on shares of indie Semiconductor from $12.00 to $10.00 and set a “buy” rating for the company in a research note on Friday, February 23rd. KeyCorp dropped their price objective on indie Semiconductor from $12.00 to $10.00 and set an “overweight” rating for the company in a report on Friday, February 23rd. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $13.50.

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.