Incannex Healthcare Inc [NASDAQ: IXHL] gained 0.43% or 0.0 points to close at $0.21 with a heavy trading volume of 88007302 shares.
It opened the trading session at $0.215, the shares rose to $0.225 and dropped to $0.207, the range by which the price of stock traded the whole day. The daily chart for IXHL points out that the company has recorded -90.08% loss over the past six months.
If we look at the average trading volume of 59.11M shares, IXHL reached to a volume of 88007302 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 0.51, 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 3.44. With this latest performance, IXHL shares gained by 13.68% in over the last four-week period, additionally sinking by -90.08% over the last 6 months – not to mention a drop of -90.08% 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%.
