Incannex Healthcare Inc (NASDAQ:IXHL) shares, rose in value on Thursday, July 10, with the stock price up by 1.86% to the previous day’s close as strong demand from buyers drove the stock to $0.22.
Actively observing the price movement in the last trading, the stock closed the session at $0.22, falling within a range of $0.2136 and $0.228. The value of beta (5-year monthly) was 2.469. Referring to stock’s 52-week performance, its high was $3.12, and the low was $0.08. On the whole, IXHL has fluctuated by 17.19% over the past month.
With the market capitalization of Incannex Healthcare Inc currently standing at about $21.08 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-May-15.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 312k, with a low estimate of 312k and a high estimate of 312k. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 312k.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that IXHL’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of IXHL currently trading nearly 5.25% and 10.30% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 50.17, while the 7-day volatility ratio is showing 7.54% which for the 30-day chart, stands at 8.70%. Furthermore, Incannex Healthcare Inc (IXHL)’s beta value is 2.47.
A comparison of Incannex Healthcare Inc (IXHL) with its peers suggests the former has fared considerably weaker in the market. IXHL showed an intraday change of 1.86% in last session, and over the past year, it shrunk by -89.39%%.
Data on historical trading for Incannex Healthcare Inc (NASDAQ:IXHL) indicates that the trading volumes over the past 10 days have averaged 29.89 and over the past 3 months, they’ve averaged 63.00 million. According to company’s latest data on outstanding shares, there are 93.70 million shares outstanding.
Nearly 21.94% of Incannex Healthcare Inc’s shares belong to company insiders and institutional investors own 0.54% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 4.92 million shares as on 2025-06-13, resulting in a short ratio of 0.05. According to the data, the short interest in Incannex Healthcare Inc (IXHL) stood at 550.00 of shares outstanding as of 2025-06-13; the number of short shares registered in 2025-05-15 reached 8.43 million. The stock has fallen by -91.73% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the IXHL stock heading into the next quarter.
