How to Buy Incannex Healthcare Stock
Incannex Healthcare Inc
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 $0.38, down 6.68% from the previous day, and has decreased 83.39% in one year. It has underperformed other stocks in the Drug Manufacturers - Specialty & Generic industry by 0.65 percentage points. Incannex Healthcare stock is currently +371.25% from its 52-week low of $0.08, and -87.92% from its 52-week high of $3.12.
At the moment, there are 347.71M shares of IXHL outstanding. The market value of IXHL is $131.08M. In the past 24 hours, 27.49M IXHL shares were traded.
How to Buy Incannex Healthcare Stock
Wondering how to invest in Incannex Healthcare stock? Here's how.
- 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.
- Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Put funds into your investment account: Choose your method of payment and add your info.
- 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).
- 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.
- 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.
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Open eToro AccountStep 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.
How to Open a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal data to open your new trading account.
- Submit your info by hitting the "Create Account" button. Get started with eToro today
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.
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
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 overvalued based on its P/B ratio of 9.79x, relative to Drug Manufacturers - Specialty & Generic industry P/B ratio of 2.21x
You can do more valuation research on IXHL's stock here.
IXHL Financial Overview
Positive Health Checks:
- Total IXHL debt is lower than 5 years ago, relative to shareholder equity.
- IXHL has $15.04M in cash and short term investments. This is sufficient to cover its annual cash burn of $12.52M.
- IXHL has cash burn of 12521000. 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 has a relatively high debt to equity ratio of 0.53.
- IXHL profit margin has gone up by 993.08 percentage points in the past year, but the company is still unprofitable.
You can dig deeper into what analysts are projecting on the Incannex Healthcare stock forecast page.
IXHL Momentum
IXHL Growth Numbers
Last year, IXHL revenue was $86.00k. During the last 5 year, IXHL's revenue has grown by -36.33% per year. This was slower than the Drug Manufacturers - Specialty & Generic industry average of 10.03%.
Dive into IXHL's earnings and revenue performance here.
Latest Insiders Trades at IXHL
Over the last 12 months, executives and large shareholders at IXHL have not bought or sold any shares.
Research more about who owns IXHL shares here.
Does IXHL stock generate passive income?
No, Incannex Healthcare doesn't provide an income stream by paying out dividends.
What others are saying about IXHL
One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to find out what other investors have to say.
Step 5: Place your IXHL trade
You have two main order types:
- 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 is an order to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a given price limit, place a limit order.
Press the Open button and eToro will execute the order.
If you need more help with buying stocks on eToro, click the how to video below:
Step 6: Track your investment in IXHL
Now that you own some IXHL shares, you'll want to stay up-to-date on your investment.
Make a watchlist to get notified of important updates regarding your IXHL stock.
IXHL Feed
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:
- Figure out where to buy Incannex Healthcare stock
- Open your brokerage account
- Put funds into your investment account
- Analyze Incannex Healthcare stock
- Place your IXHL trade
- Track your investment in IXHL
If you require a brokerage account, eToro is our favorite option.
Get Started with eToro TodayIf you would like to track your new investment in Incannex Healthcare, create a watchlist today.
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