Incannex Healthcare Inc (IXHL) Is Becoming Less Appealing To Investors After A 7.13% Rise

Incannex Healthcare Inc (NASDAQ:IXHL) has a beta value of 2.47 and has seen 81.92 million shares traded in the last trading session. The company, currently valued at $22.11M, closed the last trade at $0.24 per share which meant it gained $0.02 on the day or 7.13% during that session. The IXHL stock price is -1200.0% off its 52-week high price of $3.12 and 66.67% above the 52-week low of $0.08.

Incannex Healthcare Inc (NASDAQ:IXHL) trade information

Sporting 7.13% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the IXHL stock price touched $0.24 or saw a rise of 1.64%. Year-to-date, Incannex Healthcare Inc shares have moved -91.57%, while the 5-day performance has seen it change 12.22%. Over the past 30 days, the shares of Incannex Healthcare Inc (NASDAQ:IXHL) have changed 15.74%.

Incannex Healthcare Inc (IXHL) estimates and forecasts

The company’s shares have lost -87.10% 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 in August 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

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.

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