A new trading day began on Monday, with Incannex Healthcare Inc (NASDAQ: IXHL) stock price down -7.72% from the previous day of trading, before settling in for the closing price of $0.48. IXHL’s price has ranged from $0.08 to $3.12 over the past 52 weeks.
Over the past five-year period, the drop rate of yearbook sales for the company of the Healthcare sector was -136.48%. Meanwhile, its annual earnings per share averaged -62.50%. With a float of $271.43 million, this company’s outstanding shares have now reached $347.71 million.
Incannex Healthcare Inc (IXHL) Breakdown of a Key Holders of the stock
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 21.94%, while institutional ownership is 0.29%.
Incannex Healthcare Inc (IXHL) Recent Fiscal highlights
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 1717.69.
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)
Compared to the last year’s volume of 62.59 million, its volume of 35.18 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 22.84%.
During the past 100 days, Incannex Healthcare Inc’s (IXHL) raw stochastic average was set at 18.43%, which indicates a significant increase from 16.10% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.0674 in the past 14 days, which was lower than the 0.0886 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.5491, while its 200-day Moving Average is $0.8121. Nevertheless, the first resistance level for the watch stands at $0.4837 in the near term. At $0.5229, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.5479. If the price goes on to break the first support level at $0.4195, it is likely to go to the next support level at $0.3945. Now, if the price goes above the second support level, the third support stands at $0.3553.
Incannex Healthcare Inc (NASDAQ: IXHL) Key Stats
With a market capitalization of 154.59 million, the company has a total of 29,434K Shares Outstanding. Currently, annual sales are 10 K while annual income is -18,460 K. The company’s previous quarter sales were 10 K while its latest quarter income was -5,890 K.
