Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Incannex Healthcare Inc’s current trading price is -94.19% away from its 52-week high, while its distance from the 52-week low is 157.75%. The stock’s price range during this period has varied between $0.08 and $3.55. The company, active in the Healthcare sector, saw a trading volume of around 28.34 million for the day, considerably lower average daily volume of 53.17 million observed over the last three months.
The stock market performance of Incannex Healthcare Inc has been fairly unsteady. Over the last year, the company’s stock hit its highest at $3.55 on 06/21/24, while the lowest price during the same time frame was $0.08, recorded on 05/12/25.
How Financial Performance Impacts Market Capitalization
Incannex Healthcare Inc (IXHL) has experienced a quarterly decline of -72.14% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 19.32M and boasts a workforce of 9 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
How IXHL’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for IXHL stands at 0.23. Similarly, the long-term debt-to-equity ratio is also 0.01.
IXHL Stock Price Performance Analysis
The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. This year’s metric has recorded a Price decrease of -90.27%. However, over the past six months, we’ve seen a stronger performance of -87.58%. The price of IXHL leaped by -70.54% over the last 30 days. And in the last five days, it has surged by 15.00%.
