indie Semiconductor (INDI) to Release Quarterly Earnings on Monday

indie Semiconductor (NASDAQ:INDI) is projected to announce its Q1 2025 earnings results after the market closes on Monday, May 12th. Analysts expect the company to announce earnings of ($0.08) per share and revenue of $54.94 million for the quarter. indie Semiconductor has set its Q1 2025 guidance at EPS.

indie Semiconductor (NASDAQ:INDI) last released its quarterly earnings data on Thursday, February 20th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.08). indie Semiconductor had a negative net margin of 61.59% and a negative return on equity of 28.08%. The firm had revenue of $58.01 million for the quarter, compared to the consensus estimate of $58.20 million. On average, analysts expect indie Semiconductor to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

indie Semiconductor Price Performance

indie Semiconductor stock opened at $2.33 on Friday. indie Semiconductor has a 1-year low of $1.53 and a 1-year high of $7.82. The firm has a market capitalization of $485.79 million, a price-to-earnings ratio of -3.07 and a beta of 2.01. The company has a current ratio of 2.39, a quick ratio of 1.87 and a debt-to-equity ratio of 0.32. The firm’s fifty day moving average price is $2.14 and its two-hundred day moving average price is $3.44.

Insider Buying and Selling at indie Semiconductor

In other news, COO Michael Wittmann sold 13,570 shares of the business’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $2.90, for a total value of $39,353.00. Following the completion of the sale, the chief operating officer now owns 67,012 shares of the company’s stock, valued at approximately $194,334.80. The trade was a 16.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Donald Mcclymont sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $3.12, for a total value of $156,000.00. Following the completion of the sale, the chief executive officer now owns 65,932 shares of the company’s stock, valued at $205,707.84. The trade was a 43.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 146,277 shares of company stock worth $434,192 over the last three months. 8.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on INDI shares. KeyCorp dropped their price objective on indie Semiconductor from $8.00 to $7.00 and set an “overweight” rating on the stock in a research note on Friday, February 21st. B. Riley reissued a “buy” rating on shares of indie Semiconductor in a research report on Thursday, April 24th. UBS Group assumed coverage on shares of indie Semiconductor in a research report on Friday, January 24th. They issued a “neutral” rating and a $4.50 price target on the stock. Finally, Benchmark reissued a “buy” rating and set a $8.00 price objective on shares of indie Semiconductor in a report on Wednesday, April 9th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $7.50.

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.