Incannex Healthcare Ltd Stock Buy Hold or Sell Recommendation
| IXHL Stock | USD 1.78 0.04 2.20% |
Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding Incannex Healthcare Ltd is 'Strong Sell'. The recommendation algorithm takes into account all of Incannex Healthcare's available fundamental, technical, and predictive indicators you will find on this site.
Check out Incannex Healthcare Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note, we conduct extensive research on individual companies such as Incannex and provide practical buy, sell, or hold advice based on investors' constraints. 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.
Incannex |
Execute Incannex Healthcare Buy or Sell Advice
The Incannex recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Incannex Healthcare Ltd. Macroaxis does not own or have any residual interests in Incannex Healthcare Ltd or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Incannex Healthcare's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Sell
Market Performance | Insignificant | Details | |
Volatility | Dangerous | Details | |
Hype Condition | Over hyped | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Almost mirrors the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Strong Sell | Details | |
Financial Strenth (F Score) | Poor | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Possible Manipulator | Details |
Incannex Healthcare Trading Alerts and Improvement Suggestions
| Incannex Healthcare had very high historical volatility over the last 90 days | |
| Incannex Healthcare may become a speculative penny stock | |
| The company reported the previous year's revenue of 12 K. Net Loss for the year was (18.46 M) with profit before overhead, payroll, taxes, and interest of 1.01 M. | |
| Incannex Healthcare Ltd currently holds about 37.5 M in cash with (15.85 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.68. | |
| Incannex Healthcare has a poor financial position based on the latest SEC disclosures | |
| Roughly 26.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Incannex Healthcare Reports Q3 Loss, Secures New Funding - TipRanks |
Incannex Healthcare Returns Distribution Density
The distribution of Incannex Healthcare's historical returns is an attempt to chart the uncertainty of Incannex Healthcare's future price movements. The chart of the probability distribution of Incannex Healthcare daily returns describes the distribution of returns around its average expected value. We use Incannex Healthcare Ltd price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Incannex Healthcare returns is essential to provide solid investment advice for Incannex Healthcare.
| Mean Return | 0.05 | Value At Risk | -10.66 | Potential Upside | 10.05 | Standard Deviation | 5.81 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Incannex Healthcare historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Incannex Stock Institutional Investors
| Shares | Bank Of America Corp | 2024-06-30 | 207 | Jpmorgan Chase & Co | 2024-06-30 | 2.0 | Tower Research Capital Llc | 2024-06-30 | 0.0 | Virtu Financial Llc | 2024-06-30 | 0.0 | Tidal Investments Llc. | 2024-09-30 | 130 K | Advisorshares Investments, Llc | 2024-09-30 | 127 K | Old Mission Capital Llc | 2024-06-30 | 68.7 K | Morgan Stanley - Brokerage Accounts | 2024-06-30 | 59.7 K | Hrt Financial Llc | 2024-06-30 | 43.9 K | Bridgeway Capital Management, Llc | 2024-09-30 | 25 K | Citadel Advisors Llc | 2024-09-30 | 24.2 K |
Incannex Healthcare Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | 2.4M | 4.4M | 19.0M | (3.8M) | (16.3M) | (15.4M) | |
| Free Cash Flow | (3.9M) | (5.2M) | (8.8M) | (11.1M) | (16.1M) | (15.3M) | |
| Other Non Cash Items | 598.0K | 2.7M | 356.7K | 36.5M | 3.1M | 2.9M | |
| Net Income | (4.7M) | (8.5M) | (10.3M) | (48.8M) | (18.5M) | (17.5M) | |
| End Period Cash Flow | 2.5M | 6.8M | 25.9M | 22.1M | 5.9M | 4.5M | |
| Investments | 13K | 29.3K | 0.0 | (476.9K) | (277K) | (263.2K) | |
| Change To Netincome | 699.2K | 4.5M | 870.2K | 3.2M | 3.7M | 1.8M |
Incannex Healthcare Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Incannex Healthcare or Biotechnology sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Incannex Healthcare's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Incannex stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | -0.08 | |
β | Beta against Dow Jones | 1.05 | |
σ | Overall volatility | 5.73 | |
Ir | Information ratio | -0.01 |
Incannex Healthcare Volatility Alert
Incannex Healthcare Ltd exhibits above-average semi-deviation for your current time horizon. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Incannex Healthcare's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Incannex Healthcare's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Incannex Healthcare Fundamentals Vs Peers
Comparing Incannex Healthcare's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Incannex Healthcare's direct or indirect competition across all of the common fundamentals between Incannex Healthcare and the related equities. This way, we can detect undervalued stocks with similar characteristics as Incannex Healthcare or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Incannex Healthcare's fundamental indicators could also be used in its relative valuation, which is a method of valuing Incannex Healthcare by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Incannex Healthcare to competition |
| Fundamentals | Incannex Healthcare | Peer Average |
| Return On Equity | -1.15 | -0.31 |
| Return On Asset | -0.57 | -0.14 |
| Operating Margin | (538.33) % | (5.51) % |
| Current Valuation | 28.89 M | 16.62 B |
| Shares Outstanding | 17.64 M | 571.82 M |
| Shares Owned By Insiders | 25.86 % | 10.09 % |
| Shares Owned By Institutions | 4.13 % | 39.21 % |
| Number Of Shares Shorted | 27.53 K | 4.71 M |
| Price To Book | 4.87 X | 9.51 X |
| Price To Sales | 2,676 X | 11.42 X |
| Revenue | 12 K | 9.43 B |
| Gross Profit | 1.01 M | 27.38 B |
| EBITDA | (18.5 M) | 3.9 B |
| Net Income | (18.46 M) | 570.98 M |
| Cash And Equivalents | 37.5 M | 2.7 B |
| Cash Per Share | 0.68 X | 5.01 X |
| Total Debt | 373 K | 5.32 B |
| Current Ratio | 18.84 X | 2.16 X |
| Book Value Per Share | 0.64 X | 1.93 K |
| Cash Flow From Operations | (15.85 M) | 971.22 M |
| Short Ratio | 1.76 X | 4.00 X |
| Earnings Per Share | (1.36) X | 3.12 X |
| Number Of Employees | 9 | 18.84 K |
| Beta | 2.21 | -0.15 |
| Market Capitalization | 32.11 M | 19.03 B |
| Total Asset | 17.05 M | 29.47 B |
| Retained Earnings | (110.67 M) | 9.33 B |
| Working Capital | 10.58 M | 1.48 B |
| Net Asset | 17.05 M |
Note: Acquisition by Barbato Luigi M. of 100476 shares of Incannex Healthcare subject to Rule 16b-3 [view details]
Incannex Healthcare Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Incannex . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Incannex Healthcare Buy or Sell Advice
When is the right time to buy or sell Incannex Healthcare Ltd? Buying financial instruments such as Incannex Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
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Check out Incannex Healthcare Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
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.