indie Semiconductor (INDI) to Release Quarterly Earnings on Monday

indie Semiconductor (NASDAQ:INDIGet Free Report) 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:INDIGet Free Report) 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.

View Our Latest Stock Analysis on indie Semiconductor

About indie Semiconductor

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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.

Further Reading

Earnings History for indie Semiconductor (NASDAQ:INDI)

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