INDI Stock Summary and Trading Ideas (Indie Semiconductor - Class A | NASDAQ:INDI)

Indie Semiconductor Inc is empowering the Autotech revolution with next-generation automotive semiconductors and software platforms. It focuses on edge sensors for advanced Driver Assistance Systems including LiDAR, connected car, user experience, and electrification applications. These technologies represent the core underpinnings of both electric and autonomous vehicles, while the advanced user interfaces transform the in-cabin experience to mirror and seamlessly connect to the mobile platforms. Geographically, the company generates majority of its revenue from Greater China and rest from United States, Europe, South Korea and other regions.

Indie Semiconductor - Class A trades on the NASDAQ stock market under the symbol INDI.

As of January 3, 2025, INDI stock price climbed to $4.59 with 3,923,231 million shares trading.

INDI has a beta of 3.59, meaning it tends to be more sensitive to market movements. INDI has a correlation of 0.28 to the broad based SPY ETF.

INDI has a market cap of $836.06 million. This is considered a Small Cap stock.

Last quarter Indie Semiconductor - Class A reported $54 million in Revenue and -$.09 earnings per share. This beat revenue expectation by $385,000 and met earnings estimates .

In the last 3 years, INDI traded as high as $11.83 and as low as $3.16.

The top ETF exchange traded funds that INDI belongs to (by Net Assets): VTI, VGT, IWM, VXF, XSD.

INDI has underperformed the market in the last year with a return of -37.6%, while SPY returned +27.8%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in INDI shares. However, INDI has outperformed the market in the last 3 month and 2 week periods, returning +19.5% and +12.0%, while SPY returned +4.6% and +0.1%, respectively. This indicates INDI has been having a stronger performance recently.

INDI support price is $4.02 and resistance is $4.41 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that INDI shares will trade within this expected range on the day.