Incannex Healthcare Inc [IXHL] is -90.27% lower this YTD. Is it still time to buy?

GOOGL

Incannex Healthcare Inc [NASDAQ: IXHL] price plunged by -11.73 percent to reach at -$0.02.

Guru’s Opinion on Incannex Healthcare Inc [IXHL]:

The Average True Range (ATR) for Incannex Healthcare Inc is set at 0.07, with the Price to Sales ratio for IXHL stock in the period of the last 12 months amounting to 193.21. The Price to Book ratio for the last quarter was 0.50, with the Price to Cash per share for the same quarter was set at 0.09.

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 15.00. With this latest performance, IXHL shares dropped by -70.54% in over the last four-week period, additionally sinking by -87.58% over the last 6 months – not to mention a drop of -93.88% in the past year of trading.

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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.

Incannex Healthcare Inc [IXHL] Institutonal Ownership Details

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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