Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
Incannex Healthcare Inc (NASDAQ: IXHL) closed the day trading at $0.88 down -17.76% from the previous closing price of $1.07. In other words, the price has decreased by -$17.76 from its previous closing price. On the day, 428.79 million shares were traded. IXHL stock price reached its highest trading level at $1.32 during the session, while it also had its lowest trading level at $0.7515.
Ratios:
For a better understanding of IXHL, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.12 and its Current Ratio is at 2.12. In the meantime, Its Debt-to-Equity ratio is 0.23 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 82451952 and an Enterprise Value of 20877742. For the stock, the TTM Price-to-Sale (P/S) ratio is 824.56 while its Price-to-Book (P/B) ratio in mrq is 2.11. Its current Enterprise Value per Revenue stands at 213.038 whereas that against EBITDA is -1.029.
Stock Price History:
The Beta on a monthly basis for IXHL is 3.21, which has changed by -0.54404145 over the last 52 weeks, in comparison to a change of 0.16821623 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 140.67%, while the 200-Day Moving Average is calculated to be -25.49%.
Shares Statistics:
Over the past 3-months, IXHL traded about 112.85M shares per day on average, while over the past 10 days, IXHL traded about 263089930 shares per day. A total of 93.70M shares are outstanding, with a floating share count of 73.14M. Insiders hold about 21.94% of the company’s shares, while institutions hold 0.65% stake in the company. Shares short for IXHL as of 1752537600 were 3952081 with a Short Ratio of 0.04, compared to 1749772800 on 4924406. Therefore, it implies a Short% of Shares Outstanding of 3952081 and a Short% of Float of 4.4099998000000005.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
