For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
Incannex Healthcare Inc (NASDAQ: IXHL) closed the day trading at $0.58 down -7.05% from the previous closing price of $0.62. In other words, the price has decreased by -$7.05 from its previous closing price. On the day, 51.86 million shares were traded. IXHL stock price reached its highest trading level at $0.61 during the session, while it also had its lowest trading level at $0.56.
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 58456460 and an Enterprise Value of 12047603. For the stock, the TTM Price-to-Sale (P/S) ratio is 543.46 while its Price-to-Book (P/B) ratio in mrq is 1.39. Its current Enterprise Value per Revenue stands at 122.935 whereas that against EBITDA is -0.594.
Stock Price History:
The Beta on a monthly basis for IXHL is 2.71, which has changed by -0.6506024 over the last 52 weeks, in comparison to a change of 0.20221436 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 13.36%, while the 200-Day Moving Average is calculated to be -39.55%.
Shares Statistics:
Over the past 3-months, IXHL traded about 127.42M shares per day on average, while over the past 10 days, IXHL traded about 192573920 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 1.09% stake in the company. Shares short for IXHL as of 1755216000 were 4703762 with a Short Ratio of 0.04, compared to 1752537600 on 3952081. Therefore, it implies a Short% of Shares Outstanding of 4703762 and a Short% of Float of 5.25.
Earnings Estimates
A comprehensive evaluation of Incannex Healthcare Inc (IXHL) is underway, with the input of 1 analysts contributing to its current rating.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 -$1.49 and -$1.49 for the fiscal current year, implying an average EPS of -$1.49. EPS for the following year is -$2.41, with 1.0 analysts recommending between -$2.41 and -$2.41.
Revenue Estimates
For 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.
Based on 1 analysts’ estimates, the company’s revenue will be $1.08M in the next fiscal year. The high estimate is $1.08M and the low estimate is $1.08M.
