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Incannex Healthcare Inc. (IXHL)

2.5200 +0.1400 (+5.88%)
As of 11:45:22 AM EST. Market Open.
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What's happening with IXHL?

16m ago
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Incannex’s lead IHL-42X program has progressed into active Phase 2 testing for obstructive sleep apnea, with dosing underway across nine dose combinations at 14 U.S. sites. The company reported approximately $68.4 million in unrestricted cashas of September 24, while Stonegate expects further funding will eventually be necessary. The secondary PSX-001 program remains in development, while IHL-675A was discontinued after recruitment difficulties.

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  • Previous Close 2.3800
  • Open 2.4000
  • Bid 2.5900 x 300
  • Ask 2.6200 x 300
  • Day's Range 2.4000 - 2.5500
  • 52 Week Range 2.1700 - 14.9100
  • Volume 28,728
  • Avg. Volume 82,695
  • Market Cap (intraday) 31.612M
  • Beta (5Y Monthly) 2.84
  • PE Ratio (TTM) --
  • EPS (TTM) -1.6600
  • Earnings Date --
  • Forward Dividend & Yield -- (0.00%)
  • 1y Target Est 18.70
  • Zacks Rating Bearish

Incannex Healthcare Inc., a clinical-stage biopharmaceutical company, engages in the research and development of psychedelic medicines and therapies for patients with chronic diseases in Australia. The company develops IHL-42X, an oral fixed dose combination of dronabinol and acetazolamide that is in Phase 2/3 clinical trial for the treatment of obstructive sleep apnea; and PSX-001, an oral synthetic psilocybin treatment in Phase 2b clinical development for patients with generalized anxiety disorder. It is developing IHL-675A, an oral fixed dose combination drug containing synthetic cannabidiol and hydroxychloroquine sulphate to treat rheumatoid arthritis, as well as lung inflammation, acute respiratory disease, chronic obstructive pulmonary disease, asthma, bronchitis, inflammatory bowel disease, colitis, and Crohn's disease. The company is headquartered in Melbourne, Australia.

www.incannex.com

12

Full Time Employees

June 30

Fiscal Year Ends

Healthcare

Sector

Recent News

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Performance Overview

Trailing total returns as of 11/3/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) .

YTD Return

IXHL
76.54%
S&P 500 (^GSPC)
10.61%

1-Year Return

IXHL
76.27%
S&P 500 (^GSPC)
10.50%

3-Year Return

IXHL
98.09%
S&P 500 (^GSPC)
73.73%

5-Year Return

IXHL
99.87%
S&P 500 (^GSPC)
62.46%

Earnings Trends

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Earnings Per Share

GAAP
Normalized
GAAP
Normalized

Revenue vs. Earnings

Annual
Quarterly
Annual
Quarterly
Q4 FY26
Revenue --
Earnings -3.55M
Profit Margin 0.00%

Q1

FY26

Q2

FY26

Q3

FY26

Q4

FY26

-8M
-6M
-4M
-2M
0
0.0%

Analyst Insights

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Analyst Price Targets

18.04
18.70 Average
2.5200 Current
19.35 High

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell

Latest Rating

Date 6/8/2026
Analyst Alliance Global Partners
Rating Action Initiated
Rating Buy
Price Action Announces
Price Target 18

Statistics

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Valuation Measures

Annual
  • Market Cap

  • Enterprise Value

  • Trailing P/E

  • Forward P/E

  • PEG Ratio (current)

  • Price/Sales (ttm)

  • Price/Book (mrq)

  • Enterprise Value/Revenue

  • Enterprise Value/EBITDA

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    0.00%

  • Return on Assets (ttm)

    -24.58%

  • Return on Equity (ttm)

    -47.80%

  • Revenue (ttm)

    --

  • Net Income Avi to Common (ttm)

    -19.3M

  • Diluted EPS (ttm)

    -1.6600

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    67.71M

  • Total Debt/Equity (mrq)

    0.14%

  • Levered Free Cash Flow (ttm)

    -9.25M

Company Insights

Research Reports

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