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Incannex Healthcare Limited (IXHL)
2.95  -0.02 (-0.67%)    07-02 10:36
Open: 3.04
High: 3.04
Volume: 1,137
  
Pre. Close: 2.97
Low: 2.95
Market Cap: 47(M)
Technical analysis
2024-07-02 10:49:07 AM
Short term     
Mid term     
Targets 6-month :  3.74 1-year :  4.14
Resists First :  3.2 Second :  3.54
Pivot price 3.21
Supports First :  2.65 Second :  2.2
MAs MA(5) :  2.91 MA(20) :  3.2
MA(100) :  3.28 MA(250) :  2.7
MACD MACD :  0 Signal :  0
%K %D K(14,3) :  32.2 D(3) :  24.9
RSI RSI(14): 45.9
52-week High :  12.68 Low :  0.8
Price, MAs and Bollinger Bands

Price has closed above its short-term moving average. Short-term moving average is currently above mid-term; and below long-term moving average. From the relationship between price and moving averages: This stock is BULLISH in short-term; and NEUTRAL in mid-long term.
[ IXHL ] has closed above bottom band by 22.6%. Bollinger Bands are 42.5% narrower than normal. The narrow width of the bands suggests low volatility as compared to its normal range. The bands have been in this narrow range for 63 bars. This is a sign that the market may be about to initiate a new trend.

Stock Price Prediction
If tomorrow: Open lower Open higher
High: 3.03 - 3.04 3.04 - 3.05
Low: 2.91 - 2.93 2.93 - 2.95
Close: 2.92 - 2.95 2.95 - 2.97
Company Description

Incannex Healthcare Limited engages in the research, development, and sale of medicinal cannabinoid products in Australia. It offers pharmaceutical grade cannabinoid products under the Incannex brand name. The company's products include IHL-42X, which is in Phase II clinical trials for obstructive sleep apnea; IHL-216A for traumatic brain injury; and IHL-675A, a combination of hydroxychloroquine and cannabidiol for the prevention and treatment of inflammatory lung conditions, such as acute respiratory distress syndrome, chronic obstructive pulmonary disease, asthma, and bronchitis, as well as rheumatoid arthritis and inflammatory bowel diseases. It has partnership with The Alfred Hospital and Novotech on IHL-42X clinical program for obstructive sleep apnea; and Monash Trauma Group at the Department of Neuroscience, Monash University to conduct a study on the protective effect of IHL-216A in sports concussion. The company was formerly known as Impression Healthcare Limited and changed its name to Incannex Healthcare Limited in June 2020. Incannex Healthcare Limited was incorporated in 2001 and is based in Sydney, Australia.

Headline News

Sat, 29 Jun 2024
Incannex Healthcare Inc. (NASDAQ:IXHL) Short Interest Update - MarketBeat

Tue, 07 May 2024
Incannex Complete Successful Pre-IND Meeting with the FDA for CannQuit-O for treatment of opioid use disorder - GlobeNewswire

Mon, 05 Feb 2024
Is Incannex Healthcare (NASDAQ:IXHL) In A Good Position To Invest In Growth? - Simply Wall St

Wed, 06 Dec 2023
Incannex Update on IHL-42X Drug Candidate in Phase 2/3 Clinical Trial in Obstructive Sleep Apnea - GlobeNewswire

Wed, 29 Nov 2023
Incannex Healthcare Announces Completion of its Redomiciliation to the United States - Yahoo Finance

Fri, 17 Nov 2023
Incannex Healthcare to appoint Computershare as Nasdaq transfer agent/registrar - Proactive Investors Australia

Financial Analysis
Price to Book Value:
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Outperform
Price to Earnings:
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Outperform
Discounted cash flow:
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Neutral
Return on Assets:
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Underperform
Return on Equity:
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Underperform
Debt to Equity:
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Neutral
Stock Basics & Statistics
Exchange:
NASDAQ
Sector:
Healthcare
Industry:
Drug Manufacturers - Specialty & Generic
Shares Out -13 (M)
Shares Float 0 (M)
Held by Insiders 1.587e+007 (%)
Held by Institutions 1.279e+007 (%)
Shares Short 0 (K)
Shares Short P.Month 0 (K)
Stock Financials
EPS 0
EPS Est Next Qtrly 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) -1.27
Profit Margin 2 %
Operating Margin 966 %
Return on Assets (ttm) -2 %
Return on Equity (ttm) 155.7 %
Qtrly Rev. Growth 50.2 %
Gross Profit (p.s.) 0
Sales Per Share 0.06
EBITDA (p.s.) -1.12
Qtrly Earnings Growth -1.421e+007 %
Operating Cash Flow 0 (M)
Levered Free Cash Flow 0 (M)
Stock Valuations
PE Ratio 0
PEG Ratio 0
Price to Book value -2.33
Price to Sales 46.35
Price to Cash Flow 0
Stock Dividends
Dividend 22630
Forward Dividend 44690
Dividend Yield 767119%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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