Incannex Healthcare Inc (NASDAQ:IXHL) does about 455.39K shares in volume on a normal day but saw 18204324 shares change hands in the recent trading day. The company now has a market cap of 4.18M USD. Its current market price is $0.15, marking a decrease of -75.10% compared to the previous close of $0.61. 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 $0.5939 and the current price is -95.72% off the 52-week high compared with -67.75% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.8614 and its 200-day simple moving average is $1.6809. If we look at the stock’s price movements over the week, volatility stands at 10.35%, which increases to 19.84% 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 24.97 to suggest the stock is oversold.
The current price level is -74.42%, -82.37%, and -90.96% 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 down -72.92% over the week and -78.30% over the past month. Its price is -92.83% year-to-date and -93.40% 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.
Outstanding shares total 27.55M with insiders holding 30.57% of the shares and institutional holders owning 1.25% of the company’s common stock. The company has a return on investment of -679.78% and return on equity of -240.02%. The beta has a value of 2.25. Price to book ratio is 2.80 and price to sales ratio is 41.85.
