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Incannex Healthcare NasdaqGM:IXHL Stock Report

Last Price

US$1.75

Market Cap

US$30.9m

7D

-2.0%

1Y

-63.7%

Updated

26 Dec, 2024

Data

Company Financials

Incannex Healthcare Inc.

NasdaqGM:IXHL Stock Report

Market Cap: US$30.9m

IXHL Stock Overview

A clinical-stage biopharmaceutical company, engages in the research, development, manufacture, sale, and distribution of psychedelic medicines and therapies for patients with chronic diseases in Australia. More details

IXHL fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

My Notes

Capture your thoughts, links and company narrative

Incannex Healthcare Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Incannex Healthcare
Historical stock prices
Current Share PriceUS$1.75
52 Week HighUS$8.47
52 Week LowUS$1.50
Beta2.05
1 Month Change-5.41%
3 Month Change-13.37%
1 Year Change-63.69%
3 Year Changen/a
5 Year Changen/a
Change since IPO-97.06%

Recent News & Updates

Recent updates

Why Incannex Healthcare's (NASDAQ:IXHL) Earnings Are Weaker Than They Seem

Feb 21
Why Incannex Healthcare's (NASDAQ:IXHL) Earnings Are Weaker Than They Seem

Is Incannex Healthcare (NASDAQ:IXHL) In A Good Position To Invest In Growth?

Feb 05
Is Incannex Healthcare (NASDAQ:IXHL) In A Good Position To Invest In Growth?

Incannex rises 9% after Australia approval to begin phase 1 trial of anti-inflammatory drug

Jul 21

Shareholder Returns

IXHLUS PharmaceuticalsUS Market
7D-2.0%0.6%-0.4%
1Y-63.7%10.0%24.8%

Return vs Industry: IXHL underperformed the US Pharmaceuticals industry which returned 10% over the past year.

Return vs Market: IXHL underperformed the US Market which returned 24.8% over the past year.

Price Volatility

Is IXHL's price volatile compared to industry and market?
IXHL volatility
IXHL Average Weekly Movement13.2%
Pharmaceuticals Industry Average Movement10.5%
Market Average Movement6.3%
10% most volatile stocks in US Market17.0%
10% least volatile stocks in US Market3.1%

Stable Share Price: IXHL's share price has been volatile over the past 3 months compared to the US market.

Volatility Over Time: IXHL's weekly volatility (13%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
n/a9Joel Lathamwww.incannex.com

Incannex Healthcare Inc., a clinical-stage biopharmaceutical company, engages in the research, development, manufacture, sale, and distribution of psychedelic medicines and therapies for patients with chronic diseases in Australia. The company develops IHL-42X, an oral fixed dose combination of dronabinol and acetazolamide that has completed Phase 2/3 clinical trial for the treatment of obstructive sleep apnea; and PSX-001, an oral synthetic psilocybin treatment in Phase 2b clinical development for patients with generalized anxiety disorder. It is also developing IHL-675A, an oral fixed dose combination drug containing synthetic cannabidiol and hydroxychloroquine sulphate in Phase 2 clinical trial to treat rheumatoid arthritis, as well as lung inflammation, acute respiratory disease, chronic obstructive pulmonary disease, asthma, bronchitis, inflammatory bowel disease, colitis, and Crohn’s disease.

Incannex Healthcare Inc. Fundamentals Summary

How do Incannex Healthcare's earnings and revenue compare to its market cap?
IXHL fundamental statistics
Market capUS$30.87m
Earnings (TTM)-US$23.15m
Revenue (TTM)US$86.00k

359.0x

P/S Ratio

-1.3x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
IXHL income statement (TTM)
RevenueUS$86.00k
Cost of RevenueUS$0
Gross ProfitUS$86.00k
Other ExpensesUS$23.24m
Earnings-US$23.15m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)-1.31
Gross Margin100.00%
Net Profit Margin-26,922.09%
Debt/Equity Ratio0%

How did IXHL perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/26 00:25
End of Day Share Price 2024/12/24 00:00
Earnings2024/09/30
Annual Earnings2024/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Incannex Healthcare Inc. is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Arron AatkarEdison Investment Research
David Joseph StormsStonegate Capital Partners, Inc.