Can Incannex Healthcare Inc (NASDAQ: IXHL) Still Be Considered A Loss When It’s Down -92.02% YTD?

During the last session, Incannex Healthcare Inc (NASDAQ:IXHL)’s traded shares were 53.41 million, with the beta value of the company hitting 2.46. The 52-week high for the IXHL share is $3.12, that puts it down -1318.18 from that peak though still a striking 63.64% gain since the share price plummeted to a 52-week low of $0.08. The company’s market capitalization is $20.70M, and the average intraday trading volume over the past 10 days was 27.92 million shares, and the average trade volume was 62.10 million shares over the past three months.

Incannex Healthcare Inc (NASDAQ:IXHL) trade information

Incannex Healthcare Inc (IXHL) registered a 0.59% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 0.59% in intraday trading to $0.22, hitting a weekly high. The stock’s 5-day price performance is 5.74%, and it has moved by 23.20% in 30 days. Based on these gigs, the overall price performance for the year is -89.58%. The short interest in Incannex Healthcare Inc (NASDAQ:IXHL) is 4.92 million shares and it means that shorts have 0.05 day(s) to cover.

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 16.52% in 2025.

IXHL Dividends

Incannex Healthcare Inc is due to release its next quarterly earnings on 2025-May-15. 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 26.14% of total outstanding shares while institutional holders control 8.29%, with the float percentage being 11.22%. TOROSO INVESTMENTS, LLC is the largest shareholder of the company, while 9.0 institutions own stock in it. As of 2024-06-30, the company held over 0.28 million shares (or 1.736% of all shares), a total value of $0.83 million in shares.

The next largest institutional holding, with 80002.0 shares, is of ADVISORSHARES INVESTMENTS LLC’s that is approximately 0.4949% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $0.24 million.