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.
The closing price of Incannex Healthcare Inc (NASDAQ: IXHL) was $0.33 for the day, down -0.80% from the previous closing price of $0.34. In other words, the price has decreased by -$0.80 from its previous closing price. On the day, 6.63 million shares were traded. IXHL stock price reached its highest trading level at $0.3374 during the session, while it also had its lowest trading level at $0.3241.
Ratios:
Our analysis of IXHL’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 47.51 and its Current Ratio is at 47.51. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
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 115431584 and an Enterprise Value of 42361584. For the stock, the TTM Price-to-Sale (P/S) ratio is 11543.31 while its Price-to-Book (P/B) ratio in mrq is 1.51. Its current Enterprise Value per Revenue stands at 3530.132 whereas that against EBITDA is -1.854.
Stock Price History:
The Beta on a monthly basis for IXHL is 2.60, which has changed by -0.8153846 over the last 52 weeks, in comparison to a change of 0.1177547 over the same period for the S&P500. Over the past 52 weeks, IXHL has reached a high of $2.25, while it has fallen to a 52-week low of $0.08. The 50-Day Moving Average of the stock is -18.60%, while the 200-Day Moving Average is calculated to be -38.41%.
Shares Statistics:
IXHL traded an average of 45.06M shares per day over the past three months and 9436920 shares per day over the past ten days. A total of 347.71M shares are outstanding, with a floating share count of 342.88M. Insiders hold about 0.97% of the company’s shares, while institutions hold 1.07% stake in the company. Shares short for IXHL as of 1763078400 were 22271969 with a Short Ratio of 0.65, compared to 1760486400 on 10159172. Therefore, it implies a Short% of Shares Outstanding of 22271969 and a Short% of Float of 6.52.
Earnings Estimates
Currently, 1.0 analysts are dedicated to thoroughly evaluating and rating the performance of Incannex Healthcare Inc (IXHL) in the stock market.The consensus estimate for the next quarter is -$0.03, with high estimates of -$0.03 and low estimates of -$0.03.
Analysts are recommending an EPS of between -$0.06 and -$0.06 for the fiscal current year, implying an average EPS of -$0.06. EPS for the following year is $0.06, with 1.0 analysts recommending between $0.06 and $0.06.
Revenue Estimates
Based on 1 analysts’ estimates, the company’s revenue will be $61.84M in the next fiscal year. The high estimate is $61.84M and the low estimate is $61.84M.
