Incannex Healthcare Inc [NASDAQ: IXHL] stock went on a downward path that fall over -3.17% on Friday, amounting to a one-week price increase of more than 129.07%.
Over the last 12 months, IXHL stock dropped by -91.50%.
The market cap for the stock reached $7.16 million, with 27.55 million shares outstanding and 22.98 million shares in the current float. Compared to the average trading volume of 32.09M shares, IXHL stock reached a trading volume of 218482730 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Incannex Healthcare Inc [IXHL]:
The Average True Range (ATR) for Incannex Healthcare Inc is set at 0.17, with the Price to Sales ratio for IXHL stock in the period of the last 12 months amounting to 71.63. The Price to Book ratio for the last quarter was 0.62, with the Price to Cash per share for the same quarter was set at 0.29.
IXHL Stock Performance Analysis:
Incannex Healthcare Inc [IXHL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 129.07. With this latest performance, IXHL shares dropped by -58.06% in over the last four-week period, additionally sinking by -91.03% over the last 6 months – not to mention a drop of -91.50% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for IXHL stock in for the last two-week period is set at 45.37, with the RSI for the last a single of trading hit 48.08, and the three-weeks RSI is set at 43.06 for Incannex Healthcare Inc [IXHL]. The present Moving Average for the last 50 days of trading for this stock 0.5470, while it was recorded at 0.2798 for the last single week of trading, and 1.5429 for the last 200 days.
Insight into Incannex Healthcare Inc Fundamentals:
Incannex Healthcare Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.12 and a Current Ratio set at 2.12.
