Crispr Therapeutics shares tumble after significant earnings miss
In a challenging market environment, Thunder Bridge Acquisition II Ltd (INDI) stock has reached a 52-week low, dipping to $2.04. With a market capitalization of $427 million and analyst price targets ranging from $4.50 to $9.00, InvestingPro analysis suggests the stock is currently trading below its Fair Value. This latest price level reflects a significant downturn for the company, which has seen its stock value plummet by 71.05% over the past year. Investors are closely monitoring INDI’s performance as it navigates through the headwinds that have led to this low point, with market analysts scrutinizing the company’s strategy for a potential rebound or further decline in the coming months. While the company maintains strong liquidity with a current ratio of 4.82, InvestingPro subscribers have access to 13 additional key insights and a comprehensive Pro Research Report that provides deeper analysis of INDI’s financial health and growth prospects.
In other recent news, Indie Semiconductor Inc. reported its fourth-quarter 2024 earnings, meeting analysts’ expectations with an earnings per share (EPS) of -$0.07. However, the company’s revenue slightly missed projections, coming in at $58 million compared to the expected $58.04 million. KeyBanc Capital Markets has adjusted its outlook on Indie Semiconductor, reducing the price target from $8.00 to $7.00, but maintained an Overweight rating. This adjustment followed the company’s guidance for the first quarter, which was set lower than previous forecasts due to uncertainties related to tariffs and a weaker macroeconomic environment.
Despite these challenges, KeyBanc analyst John Vinh expressed a positive long-term outlook for the company, citing its significant design wins in areas like vision, radar, and user experience. Indie Semiconductor has initiated operational efficiency measures, reducing expenses by $2 million quarterly, as it continues to innovate with new product developments in automotive semiconductors. The company projects revenue between $52.5 million and $57.5 million for the first quarter of 2025, with expected gross margins of 49-50%. CEO Donald McClement remains optimistic about the company’s future, emphasizing the potential for growth in vehicle semiconductor content.
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