Incannex Healthcare Inc (NASDAQ:IXHL) has a beta value of 2.47 and has seen 18.62 million shares traded in the last trading session. The company, currently valued at $18.74M, closed the last trade at $0.2 per share which meant it lost -$0.02 on the day or -8.72%% during that session. The IXHL stock price is -1675.0% off its 52-week high price of $3.55 and 60.0% above the 52-week low of $0.08. If we look at the company’s 10-day average daily trading volume, we find that it stood at 56.64 million shares traded. The 3-month trading volume is 55.98 million shares.
Incannex Healthcare Inc (NASDAQ:IXHL) trade information
Sporting -8.72%% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the IXHL stock price touched $0.2 or saw a rise of 16.46%. Year-to-date, Incannex Healthcare Inc shares have moved -94.19%, while the 5-day performance has seen it change -3.01%. Over the past 30 days, the shares of Incannex Healthcare Inc (NASDAQ:IXHL) have changed -11.50%. Short interest in the company has seen 5.18 million shares shorted with days to cover at 0.06.
Incannex Healthcare Inc (IXHL) estimates and forecasts
The company’s shares have lost -89.55% over the past 6 months.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -130.90% over the past 5 years.
IXHL Dividends
Incannex Healthcare Inc is expected to release its next earnings report on 2025-May-15 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Incannex Healthcare Inc (NASDAQ:IXHL)’s Major holders
Insiders own 26.14% of the company shares, while shares held by institutions stand at 8.29% with a share float percentage of 11.22%. Investors are also buoyed by the number of investors in a company, with Incannex Healthcare Inc having a total of 9.0 institutions that hold shares in the company. The top two institutional holders are TOROSO INVESTMENTS, LLC with over 0.28 million shares worth more than $0.83 million. As of 2024-06-30, TOROSO INVESTMENTS, LLC held 1.736% of shares outstanding.
The other major institutional holder is ADVISORSHARES INVESTMENTS LLC, with the holding of over 80002.0 shares as of 2024-06-30. The firm’s total holdings are worth over $0.24 million and represent 0.4949% of shares outstanding.
