Incannex Healthcare Inc [NASDAQ: IXHL] loss -3.77% or -0.02 points to close at $0.38 with a heavy trading volume of 31072893 shares.
It opened the trading session at $0.38, the shares rose to $0.404 and dropped to $0.3714, the range by which the price of stock traded the whole day. The daily chart for IXHL points out that the company has recorded -78.85% loss over the past six months.
If we look at the average trading volume of 117.14M shares, IXHL reached to a volume of 31072893 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 0.91, 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] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -14.00. With this latest performance, IXHL shares gained by 2.70% in over the last four-week period, additionally sinking by -78.85% over the last 6 months – not to mention a drop of -82.07% 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 44.52, with the RSI for the last a single of trading hit 0.1284, and the three-weeks RSI is set at 0.1378 for Incannex Healthcare Inc [IXHL]. The present Moving Average for the last 50 days of trading for this stock 0.4161, while it was recorded at 0.4087 for the last single week of trading, and 1.0847 for the last 200 days.
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%.
Incannex Healthcare Inc (IXHL) Capital Structure & Debt Analysis
According to recent financial data for Incannex Healthcare Inc. ( IXHL), the Return on Equity (ROE) stands at -201.88%, highlighting a negative impact on investor capital. The Return on Assets (ROA) is -130.01%, reflecting the company’s efficiency in generating profits from its assets. Additionally, Incannex Healthcare Inc’s Return on Invested Capital (ROIC) is -289.64%, showcasing its effectiveness in deploying capital for earnings.
Incannex Healthcare Inc (IXHL) Efficiency & Liquidity Metrics
Based on Incannex Healthcare Inc’s (IXHL) latest financial statements, the Debt-to-Equity Ratio is 0.23%, indicating its reliance on debt financing relative to shareholder equity.
Incannex Healthcare Inc (IXHL) Efficiency & Liquidity Metrics
From an operational efficiency perspective, Incannex Healthcare Inc. (IXHL) effectively leverages its workforce, generating an average of -$2415555.56 per employee. The company’s liquidity position is robust, with a Current Ratio of 2.12% and a Quick Ratio of 2.12%, indicating strong ability to cover short-term liabilities.
Incannex Healthcare Inc [IXHL]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Incannex Healthcare Inc posted -0.31/share EPS, while the average EPS was predicted by analysts to be reported at -0.72/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.41. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for IXHL.
An analysis of Institutional ownership at Incannex Healthcare Inc [IXHL]
There are presently around $10.05%, or 13.61%% 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%.
