Incannex Healthcare Inc (NASDAQ: IXHL) – Analyst View Looks Different Today

In the last trading session, 12.79 million Incannex Healthcare Inc (NASDAQ:IXHL) shares changed hands as the company’s beta touched 2.47. With the company’s per share price at $0.21 changed hands at -$0.01 or -3.15% during last session, the market valuation stood at $19.57M. IXHL’s last price was a discount, traded about -1385.71% off its 52-week high of $3.12. The share price had its 52-week low at $0.08, which suggests the last value was 61.9% up since then. When we look at Incannex Healthcare Inc’s average trading volume, we note the 10-day average is 19.5 million shares, with the 3-month average coming to 57.60 million.

Incannex Healthcare Inc (NASDAQ:IXHL) trade information

Instantly IXHL was in red as seen at the end of in last trading. With action -5.05%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -92.15%, with the 5-day performance at -5.05% in the red. However, in the 30-day time frame, Incannex Healthcare Inc (NASDAQ:IXHL) is -0.52% down. Looking at the short shares, we see there were 4.92 million shares sold at short interest cover period of 0.05 days.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -130.90%. The 2025 estimates are for Incannex Healthcare Inc earnings to increase by 16.52%.

IXHL Dividends

Incannex Healthcare Inc is expected to release its next quarterly earnings report on 2025-May-15.

Incannex Healthcare Inc (NASDAQ:IXHL)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 26.14% of Incannex Healthcare Inc shares while 8.29% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 11.22%. There are 8.29% institutions holding the Incannex Healthcare Inc stock share, with TOROSO INVESTMENTS, LLC the top institutional holder. As of 2024-06-30, the company held 1.736% of the shares, roughly 0.28 million IXHL shares worth $0.83 million.

ADVISORSHARES INVESTMENTS LLC holds the second largest percentage of outstanding shares, with 0.4949% or 80002.0 shares worth $0.24 million as of 2024-06-30.