Market cap of Incannex Healthcare Inc [IXHL] reaches 20.21M – now what?

Incannex Healthcare Inc [NASDAQ: IXHL] gained 6.10% on the last trading session, reaching $57250000.0 price per share at the time.

Incannex Healthcare Inc represents 93.70 million in outstanding shares, while the company has a total market value of $20.21 million with the latest information. IXHL stock price has been found in the range of $0.2085 to $0.227.

If compared to the average trading volume of 57.25M shares, IXHL reached a trading volume of 19847954 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Incannex Healthcare Inc [IXHL]:

The Price to Book ratio for the last quarter was 0.52, with the Price to Cash per share for the same quarter was set at 0.09.

Trading performance analysis for IXHL stock

Incannex Healthcare Inc [IXHL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.85. With this latest performance, IXHL shares dropped by -1.95% in over the last four-week period, additionally sinking by -87.67% over the last 6 months – not to mention a drop of -89.83% in the past year of trading.

Incannex Healthcare Inc [IXHL]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Incannex Healthcare Inc [IXHL] shares currently have an operating margin of -26535.71% and a Gross Margin at 100.00%. Incannex Healthcare Inc’s Net Margin is presently recorded at -22186.73%.

Return on Equity for this stock declined to -130.01%, with Return on Assets sitting at -130.01%.

An analysis of Institutional ownership at Incannex Healthcare Inc [IXHL]

There are presently around $8.29%, or 11.22% of IXHL stock, in the hands of institutional investors. The top three institutional holders of IXHL stocks are: TOROSO INVESTMENTS, LLC with ownership of 0.28 million shares, which is approximately 1.736%. ADVISORSHARES INVESTMENTS LLC, holding 80002.0 shares of the stock with an approximate value of $$0.24 million in IXHL stocks shares; and ADVISORSHARES INVESTMENTS LLC, currently with $$0.2 million in IXHL stock with ownership which is approximately 0.4249%.

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