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Home โบ Stocks โบ Incannex Healthcare Inc. (IXHL) Stock Forecast & Price Prediction Australia | NASDAQ | Healthcare | Drug Manufacturers - Specialty & Generic
$3.65
+0.04 (1.11%)Did IXHL Make This Month's Elite Buy List?
We don't follow just any analyst โ only the top 3% with a proven track record make our cut. See if Incannex is one of their latest high-conviction picks.
IXHL has shown a year-to-date change of -66.0% and a 1-year change of -79.7%, reflecting downward momentum over the past year. Comprehensive analyst forecasts are currently unavailable for IXHL. Please refer to the price chart above for recent performance and trends.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
These are the latest 20 analyst ratings and price targets for IXHL.
| Date | Firm | Analyst | Rating | Change | Price Target |
|---|---|---|---|---|---|
| Dec 8, 2022 | Mizuho | Neutral | Maintains | $N/A | |
| Nov 16, 2022 | Keybanc | Sector Weight | Downgrade | $N/A | |
| Nov 3, 2022 | Mizuho | Neutral | Downgrade | $N/A | |
| Nov 3, 2022 | Truist Securities | Hold | Downgrade | $N/A | |
| Nov 3, 2022 | Raymond James | Outperform | Maintains | $N/A | |
| Nov 3, 2022 | RBC Capital | Outperform | Maintains | $N/A | |
| Nov 3, 2022 | Barclays | Overweight | Maintains | $N/A | |
| Oct 24, 2022 | Morgan Stanley | Equal-Weight | Maintains | $N/A | |
| Oct 24, 2022 | Truist Securities | Buy | Maintains | $N/A | |
| Oct 24, 2022 | Keybanc | Overweight | Maintains | $N/A | |
| Oct 24, 2022 | RBC Capital | Outperform | Maintains | $N/A | |
| Oct 21, 2022 | Needham | Hold | Downgrade | $N/A | |
| Oct 17, 2022 | Mizuho | Buy | Maintains | $N/A | |
| Oct 11, 2022 | Canaccord Genuity | Buy | Initiates | $N/A | |
| Sep 23, 2022 | BTIG | Neutral | Initiates | $N/A | |
| Aug 4, 2022 | Mizuho | Buy | Maintains | $N/A | |
| Aug 4, 2022 | Morgan Stanley | Equal-Weight | Maintains | $N/A | |
| Aug 4, 2022 | Raymond James | Outperform | Maintains | $N/A | |
| Aug 4, 2022 | Needham | Buy | Maintains | $N/A | |
| Aug 1, 2022 | RBC Capital | Outperform | Maintains | $N/A |
The following stocks are similar to Incannex based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.
Incannex Healthcare Inc. has a market capitalization of $51.00M with a P/E ratio of -0.1x. The company generates $0 in trailing twelve-month revenue with a 0.0% profit margin.
Revenue growth is N/A quarter-over-quarter, while maintaining an operating margin of 0.0% and return on equity of -130.4%.
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Develops novel therapies for chronic conditions.
The company operates as a clinical-stage biopharmaceutical firm, focusing on the research and development of innovative oral fixed-dose combination therapies. It generates revenue through the advancement of its drug candidates, which target chronic conditions and aim to address unmet medical needs, potentially leading to partnerships or sales upon successful clinical trials and regulatory approvals.
Founded in 2001 and based in Sydney, Australia, Incannex Healthcare emphasizes reducing individual drug dosages to minimize side effects while enhancing therapeutic efficacy. Its lead candidates address conditions such as obstructive sleep apnea, generalized anxiety disorder, and various inflammatory diseases, positioning the company in the growing specialty drug manufacturing sector.
Healthcare
Drug Manufacturers - Specialty & Generic
12
Mr. Joel Bradley Latham
Australia
2022
The board has resumed buyback activity after a pause, executing repurchases over the last two trading days.
Share buybacks can signal management's confidence in the company's value and may improve earnings per share, potentially boosting stock prices and attracting investor interest.
Incannex Healthcare Inc. (Nasdaq: IXHL) has partnered with the AASM Foundation to sponsor a grant for research on sleep apnea, to be awarded in 2026.
Incannex's partnership with AASM enhances its credibility in sleep medicine, potentially boosting market interest and driving future growth in a lucrative healthcare sector.
Incannex Healthcare (Nasdaq: IXHL) reported $75 million in cash and no debt after recent financing, while its market cap is $46 million, indicating a negative enterprise value.
Incannex's $75 million cash and no debt contrast sharply with its $46 million market cap, indicating potential undervaluation and possible investment opportunities or risks.
Incannex Healthcare Inc. (Nasdaq: IXHL) has regained compliance with Nasdaq's minimum bid price requirement, maintaining a closing price of $1.00 or greater for 11 consecutive days.
Regaining compliance with Nasdaq's minimum bid price enhances Incannex Healthcare's market credibility, potentially attracting more investors and stabilizing its stock price.
Incannex Healthcare Limited (NASDAQ: IXHL) shares declined after the company announced a registered direct offering of $10 million.
The $10 million direct offering dilutes existing shares, signaling potential cash flow issues, which may lead to reduced investor confidence and a decline in share value.
Incannex Healthcare Inc. will issue 2 million shares and warrants at $5.00 per share, raising $10 million. If warrants are fully exercised, total proceeds could reach $23 million. Closing expected March 13, 2026.
Incannex Healthcare's $10 million financing could enhance its liquidity and support ongoing development, potentially boosting investor confidence and stock performance.
Analyst forecasts for Incannex Healthcare Inc. (IXHL) are not currently available. The stock is trading at $3.65.
Analyst ratings for IXHL are not currently available. The stock is currently trading at $3.65. Investment decisions should be based on thorough research and your personal financial goals. Always conduct your own research and consider your investment goals before making investment decisions.
Price predictions from Wall Street analysts for IXHL are not currently available. The stock is trading at $3.65.
The company operates as a clinical-stage biopharmaceutical firm, focusing on the research and development of innovative oral fixed-dose combination therapies. It generates revenue through the advancement of its drug candidates, which target chronic conditions and aim to address unmet medical needs, potentially leading to partnerships or sales upon successful clinical trials and regulatory approvals.
Price targets from Wall Street analysts for IXHL are not currently available. The stock is trading at $3.65.
Price targets from Wall Street analysts for IXHL are not currently available. The stock is trading at $3.65.
Analyst ratings for IXHL are not currently available. The stock is trading at $3.65.
Stock price projections, including those for Incannex Healthcare Inc., are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.