How to Buy Incannex Healthcare Stock

Incannex Healthcare Ltd

Incannex Healthcare Limited engages in the research, development, and sale of medicinal cannabinoid products in Australia. It offers pharmaceutical grade cannabinoid products under the Incannex brand name.

Incannex Healthcare stock last closed at $2.09, up 2.56% from the previous day, and has decreased 78.05% in one year. It has underperformed other stocks in the Drug Manufacturers - Specialty & Generic industry by 0.35 percentage points. Incannex Healthcare stock is currently +17.8% from its 52-week low of $1.77, and -78.44% from its 52-week high of $9.67.

At the moment, there are 1.59B shares of IXHL outstanding. The market value of IXHL is $66.18M. In the past 24 hours, 3161 IXHL shares were traded.

How to Buy Incannex Healthcare Stock

Wondering how to invest in Incannex Healthcare stock? Here's how.
  1. Figure out where to buy Incannex Healthcare stock: You need to choose a stock brokerage, but don't worry - we've tested dozens of online brokerages and apps to help you choose where to buy Incannex Healthcare stock.
  2. Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
  3. Put funds into your investment account: Choose your method of payment and add your info.
  4. Analyze Incannex Healthcare stock: The Incannex Healthcare ticker symbol is IXHL. Is Incannex Healthcare stock a good investment? Should you buy shares of IXHL? How do IXHL's underlying business fundamentals look? Do top analysts think Incannex Healthcare is a good buy? Why has IXHL's stock price moved recently? (Hint: Our stock market analysis website can help you understand if IXHL is a good stock to buy).
  5. Place your IXHL trade: Decide if you will purchase IXHL shares at the current market price or use a limit order to buy IXHL shares at a particular price.
  6. Track your investment in IXHL: Create a watchlist to the latest updates on your investment in Incannex Healthcare stock.

Step 1: Figure out where to buy Incannex Healthcare stock

You need an online brokerage account in order to access the NASDAQ market and buy IXHL stock.

A brokerage account is an investment account that allows you to buy and sell a variety of financial instruments, such as stocks, bonds, mutual funds, and ETFs.

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Step 2: Open your brokerage account

Now that you've chosen the best brokerage, you need to fill out some personal details so you are able to invest in IXHL stock today.

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  2. Input your personal data to open your new trading account.
  1. Submit your info by hitting the "Create Account" button.
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Step 3: Put funds into your investment account

Now that you have created your account on the best stock buying app, you can securely and quickly fund your account:

Watch the video below for more details transferring funds into your investment account.

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Step 4: Analyze Incannex Healthcare stock

After you have chosen the best place to buy Incannex Healthcare stock, it's crucial to evaluate their stock before you buy, so you truly comprehend the risk as well as the upside.

Overview of key IXHL info

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Fundamentals of Incannex Healthcare

WallStreetZen was built to help part-time investors do more accurate fundamental analysis in minutes instead of hours.

You can view all of the due diligence checks on IXHL's stock page.

Is IXHL stock undervalued?

Investors use many financial metrics, analyses, models, and charts to gauge IXHL's fair value.

Using relative valuations measures:

  • IXHL could be undervalued based on its P/B ratio of 0.7x, relative to Drug Manufacturers - Specialty & Generic industry P/B ratio of 1.81x

You can do more valuation research on IXHL's stock here.

IXHL Financial Overview

Positive Health Checks:

  • IXHL has a low debt to equity ratio of 0.01.
  • IXHL has $41.68M in cash and short term investments. This is sufficient to cover its annual cash burn of $15.72M.
  • IXHL has cash burn of 15720567. It has sufficient cash and short-term investments to cover this for at least one year.
  • There are more short-term assets than long-term liabilities on the IXHL balance sheet.
  • There are more short-term assets than short-term liabilities on the IXHL balance sheet.

Negative Health Checks:

  • IXHL profit margin has gone down from -1,607.2% to -2,306.2% in the past year.

Metrics for Advanced IXHL Traders

MACD Signal
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Is IXHL Growing Revenue?

Last year, IXHL revenue was $788.65k. In the last one years, IXHL's revenue has increased by -0.95% per year. This was slower than the Drug Manufacturers - Specialty & Generic industry average of 19.44%.

Find out more about IXHL's earnings and revenue performance here.

What are IXHL insiders up to?

Over the last year, executives and large shareholders at IXHL have not bought or sold any shares.

Dig into more about who owns IXHL shares here.

Does IXHL provide a stable income stream?

No, Incannex Healthcare doesn't provide an income stream by paying out dividends.

What others are saying about IXHL

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Step 5: Place your IXHL trade

You have two primary options:

  • Market order: A market order is an order to buy or sell a stock at the best available price.
    Market orders are generally sufficient.
  • Limit order: A limit order lets you buy or sell a security at a specific price (or better).
    If you want to ensure you're buying or selling at an exact price, place a limit order.

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Step 6: Track your investment in IXHL

Now that you own some IXHL shares, you'll want to stay up-to-date on your new investment.

Create a watchlist to get the latest updates about your IXHL stock.


How to Buy Stock in Incannex Healthcare

To reiterate, here are the 6 steps you need to take to buy Incannex Healthcare stock right now:

  1. Figure out where to buy Incannex Healthcare stock
  2. Open your brokerage account
  3. Put funds into your investment account
  4. Analyze Incannex Healthcare stock
  5. Place your IXHL trade
  6. Track your investment in IXHL

If you require a brokerage, eToro is our favorite venue.

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If you want to keep tabs on your new investment in Incannex Healthcare, add IXHL to your watchlist by clicking the button below.

$2.09+0.05 (+2.56%)
Updated Mar 29, 2023
Open eToro Account
$2.09+0.05 (+2.56%)
Updated Mar 29, 2023
Open eToro Account


How much does it cost to buy one Incannex Healthcare share?

As of Mar 29, 2023, it costs $2.09 to buy one share of Incannex Healthcare stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $1, you can buy 0.48 shares of IXHL.

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What is the best way to buy Incannex Healthcare stock?

One way to place an order for Incannex Healthcare stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.