On Monday, Incannex Healthcare Inc (NASDAQ: IXHL) opened lower -5.15% from the last session, before settling in for the closing price of $0.46. Price fluctuations for IXHL have ranged from $0.08 to $2.25 over the past 52 weeks.
It was noted that within the last five years, the titan of the Healthcare sector saw sales slided by -136.48%. Company’s average yearly earnings per share was noted 97.08% at the time writing. With a float of $342.88 million, this company’s outstanding shares have now reached $347.71 million.
Incannex Healthcare Inc (IXHL) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Drug Manufacturers – Specialty & Generic industry is another important factor to consider. The insider ownership of Incannex Healthcare Inc is 0.97%, while institutional ownership is 1.07%.
Incannex Healthcare Inc (IXHL) Latest Financial update
If we go through the results of last quarter, which was made public on 12/31/2024, the company posted -0.52 earnings per share (EPS) for the quarter, besting the agreed prediction (set at -0.68) by 0.16. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.03 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 97.08% per share during the next fiscal year.
Incannex Healthcare Inc (NASDAQ: IXHL) Trading Performance Indicators
Check out the current performance indicators for Incannex Healthcare Inc (IXHL). In the past quarter, the stock posted a quick ratio of 47.51. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 14995.22.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.08, a number that is poised to hit -0.02 in the next quarter and is forecasted to reach 0.04 in one year’s time.
Technical Analysis of Incannex Healthcare Inc (IXHL)
The latest stats from [Incannex Healthcare Inc, IXHL] show that its last 5-days average volume of 69.77 million was superior to 55.46 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 77.35%.
During the past 100 days, Incannex Healthcare Inc’s (IXHL) raw stochastic average was set at 9.77%, which indicates a significant decrease from 67.51% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.0351 in the past 14 days, which was lower than the 0.0758 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.3833, while its 200-day Moving Average is $0.4892. Now, the first resistance to watch is $0.4641. This is followed by the second major resistance level at $0.4950. The third major resistance level sits at $0.5146. If the price goes on to break the first support level at $0.4136, it is likely to go to the next support level at $0.3940. The third support level lies at $0.3631 if the price breaches the second support level.
Incannex Healthcare Inc (NASDAQ: IXHL) Key Stats
There are currently 346,225K shares outstanding in the company with a market cap of 149.95 million. Presently, the company’s annual sales total 90 K according to its annual income of -46,890 K. Last quarter, the company’s sales amounted to 0 K and its income totaled -6,410 K.
