Incannex Healthcare Ltd Stock Price on October 8, 2024
| IXHL Stock | USD 1.85 0.13 6.57% |
If you're considering investing in Incannex Stock, it is important to understand the factors that can impact its price. As of today, the current price of Incannex Healthcare stands at 1.85, as last reported on the 26th of November, with the highest price reaching 1.98 and the lowest price hitting 1.85 during the day. Incannex Healthcare appears to be dangerous, given 3 months investment horizon. Incannex Healthcare holds Efficiency (Sharpe) Ratio of 0.0605, which attests that the entity had a 0.0605% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Incannex Healthcare, which you can use to evaluate the volatility of the firm. Please utilize Incannex Healthcare's Market Risk Adjusted Performance of 0.3278, downside deviation of 6.17, and Risk Adjusted Performance of 0.0542 to validate if our risk estimates are consistent with your expectations.
At this time, Incannex Healthcare's Total Stockholder Equity is quite stable compared to the past year. Common Stock Shares Outstanding is expected to rise to about 17 M this year, although the value of Common Stock will most likely fall to 1,900. . At this time, Incannex Healthcare's Price To Sales Ratio is quite stable compared to the past year. Price Book Value Ratio is expected to rise to 4.46 this year, although the value of Price Earnings To Growth Ratio will most likely fall to 0.19. Incannex Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Incannex |
Sharpe Ratio = 0.0605
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Estimated Market Risk
| 5.68 actual daily | 50 50% of assets are less volatile |
Expected Return
| 0.34 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average Incannex Healthcare is performing at about 4% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Incannex Healthcare by adding it to a well-diversified portfolio.
Price Book 5.2835 | Enterprise Value Ebitda (5.13) | Price Sales 2.9 K | Shares Float 13.4 M | Earnings Share (1.36) |
Incannex Healthcare Valuation on October 8, 2024
It is possible to determine the worth of Incannex Healthcare on a given historical date. On October 8, 2024 Incannex was worth 1.6 at the beginning of the trading date compared to the closed value of 1.56. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Incannex Healthcare stock. Still, in general, we apply an absolute valuation method to find Incannex Healthcare's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Incannex Healthcare where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Incannex Healthcare's related companies.
| Open | High | Low | Close | Volume | |
| 1.66 | 1.66 | 1.56 | 1.58 | 9,356 | |
10/08/2024 | 1.60 | 1.61 | 1.56 | 1.56 | 4,234 |
| 1.60 | 1.60 | 1.55 | 1.59 | 8,813 |
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Incannex Healthcare Trading Date Momentum on October 8, 2024
| On October 09 2024 Incannex Healthcare Ltd was traded for 1.59 at the closing time. The top price for the day was 1.60 and the lowest listed price was 1.55 . The trading volume for the day was 8.8 K. The trading history from October 9, 2024 was a factor to the next trading day price upswing. The trading delta at closing time against the next closing price was 1.92% . The trading delta at closing time against the current closing price is 32.69% . |
Incannex Healthcare Fundamentals Correlations and Trends
By evaluating Incannex Healthcare's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Incannex Healthcare's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Incannex financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Incannex Healthcare Stock history
Incannex Healthcare investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Incannex is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Incannex Healthcare will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Incannex Healthcare stock prices may prove useful in developing a viable investing in Incannex Healthcare
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 16.2 M | 17 M | |
| Net Loss | -18 M | -17.1 M |
Incannex Healthcare Quarterly Net Working Capital |
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Incannex Healthcare Stock Technical Analysis
Incannex Healthcare technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Incannex Healthcare Period Price Range
Low | November 26, 2024
| High |
0.00 | 0.00 |
Incannex Healthcare Ltd cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Incannex Healthcare November 26, 2024 Market Strength
Market strength indicators help investors to evaluate how Incannex Healthcare stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Incannex Healthcare shares will generate the highest return on investment. By undertsting and applying Incannex Healthcare stock market strength indicators, traders can identify Incannex Healthcare Ltd entry and exit signals to maximize returns
Incannex Healthcare Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Incannex Healthcare's price direction in advance. Along with the technical and fundamental analysis of Incannex Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Incannex to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0542 | |||
| Jensen Alpha | 0.2123 | |||
| Total Risk Alpha | (0.57) | |||
| Sortino Ratio | 0.0357 | |||
| Treynor Ratio | 0.3178 |
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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Incannex Healthcare Ltd. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Is Biotechnology space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Incannex Healthcare. If investors know Incannex will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Incannex Healthcare listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.36) | Revenue Per Share 0.001 | Quarterly Revenue Growth 0.296 | Return On Assets (0.57) | Return On Equity (1.15) |
The market value of Incannex Healthcare is measured differently than its book value, which is the value of Incannex that is recorded on the company's balance sheet. Investors also form their own opinion of Incannex Healthcare's value that differs from its market value or its book value, called intrinsic value, which is Incannex Healthcare's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Incannex Healthcare's market value can be influenced by many factors that don't directly affect Incannex Healthcare's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Incannex Healthcare's value and its price as these two are different measures arrived at by different means. Investors typically determine if Incannex Healthcare is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Incannex Healthcare's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.