Why These 15 Electric Vehicle Stocks Are Plunging in 2025

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5. Indie Semiconductor Inc (NASDAQ:INDI)

Number of Hedge Fund Holders In Q4 2024: 22

Indie Semiconductor Inc (NASDAQ:INDI) specializes in designing and manufacturing semiconductors and software solutions for automotive applications, including advanced driver-assistance systems (ADAS), automotive electrification, and connectivity.

The stock is down significantly so far as Indie Semiconductor reported Q4 2024 revenue of $58 million, a 17% year-over-year decline, although it grew 7.5% sequentially. The company posted a non-GAAP loss per share of $0.07, which missed analysts’ expectations by $0.08.

The company provided weak guidance for Q1 2025. It projects revenue between $52.5 million and $57.5 million (midpoint $55 million), below the consensus estimate of $61.3 million.

The consensus price target of $7.5 implies 272.21% upside.

INDI stock is down 50.37% year-to-date.

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