A new trading day began on Monday, with Incannex Healthcare Inc (NASDAQ: IXHL) stock price down -6.10% from the previous day of trading, before settling in for the closing price of $0.38. IXHL’s price has ranged from $0.08 to $3.12 over the past 52 weeks.
Annual sales at Healthcare sector company slipped by -136.48% over the past five years. Meanwhile, its annual earnings per share averaged -62.50%. With a float of $271.10 million, this company’s outstanding shares have now reached $347.71 million.
Incannex Healthcare Inc (IXHL) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Drug Manufacturers – Specialty & Generic Industry. The insider ownership of Incannex Healthcare Inc is 22.03%, while institutional ownership is 0.30%.
Incannex Healthcare Inc (IXHL) Latest Financial update
In its latest quarterly report, released on 9/30/2024, the company reported earnings of -0.45 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.6 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -62.50% per share during the next fiscal year.
Incannex Healthcare Inc (NASDAQ: IXHL) Trading Performance Indicators
Here are Incannex Healthcare Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 2.86. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1367.66.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.37, a number that is poised to hit -0.39 in the next quarter
Technical Analysis of Incannex Healthcare Inc (IXHL)
Incannex Healthcare Inc (NASDAQ: IXHL) saw its 5-day average volume 39.69 million, a negative change from its year-to-date volume of 59.25 million. As of the previous 9 days, the stock’s Stochastic %D was 48.94%.
During the past 100 days, Incannex Healthcare Inc’s (IXHL) raw stochastic average was set at 10.68%, which indicates a significant decrease from 22.99% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.0339 in the past 14 days, which was lower than the 0.0749 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.4895, while its 200-day Moving Average is $0.6620. Nevertheless, the first resistance level for the watch stands at $0.3707 in the near term. At $0.3873, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.3967. If the price goes on to break the first support level at $0.3447, it is likely to go to the next support level at $0.3353. The third support level lies at $0.3187 if the price breaches the second support level.
Incannex Healthcare Inc (NASDAQ: IXHL) Key Stats
With a market capitalization of 123.09 million, the company has a total of 347,706K Shares Outstanding. Currently, annual sales are 90 K while annual income is -46,890 K. The company’s previous quarter sales were 0 K while its latest quarter income was -3,970 K.
