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.
Incannex Healthcare Inc (NASDAQ: IXHL) closed the day trading at $0.39 down -6.72% from the previous closing price of $0.42. In other words, the price has decreased by -$6.72 from its previous closing price. On the day, 23.2 million shares were traded. IXHL stock price reached its highest trading level at $0.434 during the session, while it also had its lowest trading level at $0.38.
Ratios:
For a better understanding of IXHL, let’s look at its different 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 136161472 and an Enterprise Value of 121380480. For the stock, the TTM Price-to-Sale (P/S) ratio is 1512.92 while its Price-to-Book (P/B) ratio in mrq is 5.69. Its current Enterprise Value per Revenue stands at 1411.401 whereas that against EBITDA is -5.545.
Stock Price History:
The Beta on a monthly basis for IXHL is 2.62, which has changed by -0.7609756 over the last 52 weeks, in comparison to a change of 0.118204355 over the same period for the S&P500. Over the past 52 weeks, IXHL has reached a high of $3.12, while it has fallen to a 52-week low of $0.08. The 50-Day Moving Average of the stock is -22.94%, while the 200-Day Moving Average is calculated to be -50.03%.
Shares Statistics:
Over the past 3-months, IXHL traded about 124.83M shares per day on average, while over the past 10 days, IXHL traded about 38169470 shares per day. A total of 347.71M shares are outstanding, with a floating share count of 271.43M. Insiders hold about 21.94% of the company’s shares, while institutions hold 0.29% stake in the company. Shares short for IXHL as of 1759190400 were 5369291 with a Short Ratio of 0.04, compared to 1756425600 on 7842266. Therefore, it implies a Short% of Shares Outstanding of 5369291 and a Short% of Float of 1.5599999999999998.
Earnings Estimates
As of right now, 1.0 analysts gave their recommendation on the stock of the company. 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
1 analysts predict $309k in revenue for. The current 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
