During the recent session, Incannex Healthcare Inc (NASDAQ:IXHL)’s traded shares were 1.34 million, with the beta value of the company hitting 1.89. At the last check today, the stock’s price was $1.61, reflecting an intraday loss of -14.87% or -$0.28. The 52-week high for the IXHL share is $8.47, that puts it down -426.09 from that peak though still a striking 6.83% gain since the share price plummeted to a 52-week low of $1.50. The company’s market capitalization is $28.31M, and the average intraday trading volume over the past 10 days was 17690.0 shares, and the average trade volume was 28.00K shares over the past three months.
Incannex Healthcare Inc (NASDAQ:IXHL) trade information
Incannex Healthcare Inc (IXHL) registered a -14.87% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -14.87% in intraday trading to $1.61, hitting a weekly high. The stock’s 5-day price performance is -8.29%, and it has moved by -10.08% in 30 days. Based on these gigs, the overall price performance for the year is -60.85%. The short interest in Incannex Healthcare Inc (NASDAQ:IXHL) is 49197.0 shares and it means that shorts have 1.76 day(s) to cover.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 155k as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 155k by the end of current fiscal year.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -130.90%. While earnings are projected to return -40.00% in 2025.
IXHL Dividends
Incannex Healthcare Inc is due to release its next quarterly earnings in February. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Incannex Healthcare Inc (NASDAQ:IXHL)’s Major holders
Incannex Healthcare Inc insiders own 25.86% of total outstanding shares while institutional holders control 4.13%, with the float percentage being 5.57%.
Also, the Mutual Funds coming in first place with the largest holdings of Incannex Healthcare Inc (IXHL) shares are AdvisorShares Trust-AdvisorShares Psychedelics ETF and Amplify ETF Tr-Amplify Alternative Harvest ETF. Data provided on Nov 30, 2024 indicates that AdvisorShares Trust-AdvisorShares Psychedelics ETF owns about 170.87 shares. This amounts to just over 0.97 percent of the company’s overall shares, with a $0.27 million market value. The same data shows that the other fund manager holds slightly less at 130.03, or about 0.74% of the stock, which is worth about $0.21 million.
