Incannex Healthcare Inc (NASDAQ:IXHL) does about 110.58M shares in volume on a normal day but saw 76660352 shares change hands in the recent trading day. The company now has a market cap of 111.50M USD. Its current market price is $1.19, marking an increase of 13.33% compared to the previous close of $1.05. The 52 week high reached by this stock is $3.12 whilst the lowest price level in 52 weeks is $0.08.
Incannex Healthcare Inc (IXHL) has a 20-day trading average at $0.5210 and the current price is -61.86% off the 52-week high compared with 1387.50% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.3371 and its 200-day simple moving average is $1.1870. If we look at the stock’s price movements over the week, volatility stands at 30.60%, which decreases to 19.60% 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 67.85 to suggest the stock is neutral.
The current price level is 128.39%, 252.89%, and 0.25% away from its SMA20, SMA50, and SMA200 respectively, with the IXHL price moving below the 50-day SMA on current market day. Incannex Healthcare Inc (IXHL) stock is up 45.12% over the week and 469.11% over the past month. Its price is -44.13% year-to-date and -43.87% 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 $312k, which analysts say will come at $312k for the current fiscal year and next year at $1.09M. In addition, estimates put the company’s current quarterly revenue at an average of $312k.
Outstanding shares total 93.70M with insiders holding 26.14% of the shares and institutional holders owning 8.65% of the company’s common stock. The company has a return on investment of -289.64% and return on equity of -201.88%. The beta has a value of 3.30. Price to book ratio is 2.86 and price to sales ratio is 1115.03.
