With 2.58 million shares changed hands, the volume of the stock remained lighter than its average volume of 4.11 million shares. The 52-week range on INDI shows that it touched its highest point at $7.82 and its lowest point at $2.43 during that stretch. It currently has a 1-year price target of $6.94. Beta for the stock currently stands at 1.71.
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 -2.66%, but this was down by -32.18% over a month. Three-month performance dropped to -27.30% while six-month performance fell -24.78%. The stock lost -53.49% in the past year, while it has lost -27.65% so far this year. A look at the trailing 12-month EPS for INDI yields -0.75 with Next year EPS estimates of 0.16. For the next quarter, that number is -0.08. This implies an EPS growth rate of 52.68% for this year and 193.64% for next year.
Float and Shares Shorts:
At present, 189.16 million INDI shares are outstanding with a float of 185.98 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 -$0.32178 being high and -$0.34388 being low. For INDI, this leads to a yearly average estimate of -$0.33283. Based on analyst estimates, the high estimate for the next quarter is -$0.06 and the low estimate is -$0.08. The average estimate for the next quarter is thus -$0.07.
