Incannex Healthcare Inc (IXHL) saw an uptrend of 3.30% in the recent trading with $0.55 being its most recent. The current price level -82.45% lower than the highest price of $3.12 marked by the stock while trading over the past 52-weeks, whereas it is 584.38% higher than the lowest price of $0.08 the company dropped to over past 52-weeks. The latest news story on IXHL appeared in (Market Exclusive) under the title “Weekly Roundup on the Cannabis Sector & Psychedelic Sector”.
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform.
Incannex Healthcare Inc Earnings – What Happened With IXHL
Coming around sales and income figures on IXHL Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor.
IXHL – Incannex Healthcare Inc Stock Earnings Estimates
The perspective of Incannex Healthcare Inc (NASDAQ:IXHL)’s current quarter earnings identifies that analysts are in consensus over the estimate of -0.72 for stock’s EPS in the current quarter. Company’s EPS for the last quarter was -0.31.
Incannex Healthcare Inc – Insider Activity and Holdings
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 93.70 million. IXHL does have institutional investors; and they hold 1.09% of the stock.
As on 2024-06-30, TOROSO INVESTMENTS, LLC was the top most holder in Incannex Healthcare Inc (NASDAQ:IXHL) with an ownership of 0.28 million shares of the company or 1.736 of the stake worth $0.83 million. The filing also reveals ADVISORSHARES INVESTMENTS LLC as the second largest holder in the company with a control over 0.4949 of the outstanding shares. Its stake is worth $0.24 million for having 80002.0 shares in hand.
OLD MISSION CAPITAL LLC also came holding a key position in the company during the recent quarter and it now holds 0.4249 of the outstanding shares. With this there are now 14.0 institutions which have possession in IXHL’s shares.
Key Metrics for IXHL
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, Incannex Healthcare Inc has a debt to equity ratio of 0.23.
