Incannex Healthcare Inc (NASDAQ:IXHL) does about 71.32K shares in volume on a normal day but saw 5308064 shares change hands in the recent trading day. The company now has a market cap of 23.12M USD. Its current market price is $0.84, marking an increase of 70.14% compared to the previous close of $0.49. The 52 week high reached by this stock is $3.55 whilst the lowest price level in 52 weeks is $0.47.
Incannex Healthcare Inc (IXHL) has a 20-day trading average at $0.7240 and the current price is -76.36% off the 52-week high compared with 78.15% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.2200 and its 200-day simple moving average is $1.8470. If we look at the stock’s price movements over the week, volatility stands at 50.17%, which decreases to 19.83% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 48.97 to suggest the stock is neutral.
The current price level is 15.90%, -31.22%, and -54.57% away from its SMA20, SMA50, and SMA200 respectively, with the IXHL price moving above the 50-day SMA on current market day. Incannex Healthcare Inc (IXHL) stock is up 23.40% over the week and 7.56% over the past month. Its price is -60.42% year-to-date and -74.18% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year. Expected sales for next quarter are $157k, which analysts say will come at $472k for the current fiscal year and next year at $787k. In addition, estimates put the company’s current quarterly revenue at an average of $157k.
The company has a return on investment of -679.78% and return on equity of -240.02%. The beta has a value of 2.10. Price to book ratio is 15.46 and price to sales ratio is 231.17.
