Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
In the latest session, Incannex Healthcare Inc (NASDAQ: IXHL) closed at $0.36 down -4.16% from its previous closing price of $0.37. In other words, the price has decreased by -$4.16 from its previous closing price. On the day, 9.68 million shares were traded. IXHL stock price reached its highest trading level at $0.379 during the session, while it also had its lowest trading level at $0.3525.
Ratios:
For a deeper understanding of Incannex Healthcare Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.86 and its Current Ratio is at 2.86. In the meantime, Its Debt-to-Equity ratio is 0.02 whereas as Long-Term Debt/Eq ratio is at 0.01.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, IXHL now has a Market Capitalization of 124165640 and an Enterprise Value of 109384640. For the stock, the TTM Price-to-Sale (P/S) ratio is 1379.64 while its Price-to-Book (P/B) ratio in mrq is 5.18. Its current Enterprise Value per Revenue stands at 1271.914 whereas that against EBITDA is -4.997.
Stock Price History:
The Beta on a monthly basis for IXHL is 2.59, which has changed by -0.8135 over the last 52 weeks, in comparison to a change of 0.1476624 over the same period for the S&P500. Over the past 52 weeks, IXHL has reached a high of $2.91, while it has fallen to a 52-week low of $0.08. The 50-Day Moving Average of the stock is -19.27%, while the 200-Day Moving Average is calculated to be -41.06%.
Shares Statistics:
For the past three months, IXHL has traded an average of 55.53M shares per day and 24264880 over the past ten days. A total of 347.71M shares are outstanding, with a floating share count of 343.77M. Insiders hold about 1.13% of the company’s shares, while institutions hold 0.74% stake in the company. Shares short for IXHL as of 1761868800 were 29320569 with a Short Ratio of 0.53, compared to 1759190400 on 5369291. Therefore, it implies a Short% of Shares Outstanding of 29320569 and a Short% of Float of 8.540000000000001.
Earnings Estimates
Its stock is currently analyzed by 1.0 different market analysts. The consensus estimate for the next quarter is -$0.6, with high estimates of -$0.6 and low estimates of -$0.6.
Analysts are recommending an EPS of between -$2.41 and -$2.41 for the fiscal current year, implying an average EPS of -$2.41.
Revenue Estimates
A total of 1 analysts believe the company’s revenue will be $309k this quarter.It ranges from a high estimate of $309k to a low estimate of $309k. As of. The current estimate, Incannex Healthcare Inc’s year-ago sales were $114.1kFor the next quarter, 1 analysts are estimating revenue of $309k. There is a high estimate of $309k for the next quarter, whereas the lowest estimate is $309k.
A total of 1 analysts have provided revenue estimates for IXHL’s current fiscal year. The highest revenue estimate was $1.08M, while the lowest revenue estimate was $1.08M, resulting in an average revenue estimate of $1.08M. In the same quarter a year ago, actual revenue was $130.75k
