With 4.05 million shares changed hands, the volume of the stock remained lighter than its average volume of 5.09 million shares. The 52-week range on INDI shows that it touched its highest point at $7.82 and its lowest point at $3.16 during that stretch. It currently has a 1-year price target of $7.19. Beta for the stock currently stands at 1.52.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of INDI was down-trending over the past week, with a drop of -18.36%, but this was down by -22.95% over a month. Three-month performance dropped to -27.69% while six-month performance fell -19.36%. The stock lost -52.25% in the past year, while it has lost -18.77% so far this year. A look at the trailing 12-month EPS for INDI yields -0.76 with Next year EPS estimates of 0.18. For the next quarter, that number is -0.08. This implies an EPS growth rate of 55.54% for this year and 213.31% for next year.
Float and Shares Shorts:
At present, 201.92 million INDI shares are outstanding with a float of 179.33 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for INDI since 4 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$0.31773 being high and -$0.34388 being low. For INDI, this leads to a yearly average estimate of -$0.330805. Based on analyst estimates, the high estimate for the next quarter is -$0.06 and the low estimate is -$0.07. The average estimate for the next quarter is thus -$0.06.
