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NASDAQ · Drug Manufacturers - Specialty & Generic · USD

Incannex Healthcare Inc. (IXHL) Stock Analysis

Incannex Healthcare Inc. (IXHL) is a Drug Manufacturers - Specialty & Generic stock listed on NASDAQ and quoted in US Dollar.

Last Updated: October 21, 2026

IXHL

$2.76

+$0.01 (+0.53%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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IXHL Key Statistics

As of Oct 21, 2026
Trading
Open
$2.78
Previous Close
$2.75
Day's Range
2.75–2.81
52-Week Range
2.49–14.91
Volume
30.72K
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
2.82
Valuation
Market Cap
$34.62M
P/E Ratio
unprofitable
EPS (ttm)Profit attributable to each share over the last twelve months.
−1.66
Financials (FY)
Revenue (FY)
$12.00K
Net Income (FY)
−$18.46M
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
12.54M
1-Year Return
−74.23%
Dividend and dates
Avg Volume
85.17K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, IXHL closed at $2.76, −74.23% over 1 year.

Incannex Healthcare Inc. (IXHL) has a market capitalization of $34.62M.

In fiscal 2024, IXHL reported revenue of $12.00K.

IXHL Stock Return by Calendar Year

Incannex Healthcare Inc. (IXHL) return since Mar 2022: what $10,000 became

1 year
$10,000 $2,577
−74.23%
3 years
$10,000 $256
−97.44%
Since Mar 2022
$10,000 $15
−99.85%

If you had invested $10,000 in Incannex Healthcare Inc. (IXHL) at the close on March 2, 2022, the earliest close on record here, it would have been worth $15 at the close on October 21, 2026: −99.85% in total, −75.23% a year, over a partial period shorter than 10 years. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)−74.30%
2025−83.11%
2024−54.31%
2023−58.57%
2022 (partial year)−81.18%

As of October 21, 2026.

IXHL Revenue and Earnings by Fiscal Year

FY ends June
Fiscal yearRevenueNet incomeNet margin
2024$12.00K−$18.46M−153,825.0%
2023$0.00−$48.81M—
2022$0.00−$10.25M—
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2024$12.00K—−$18.61M−$18.46M−153,825.0%
2023$0.00$0.00−$13.64M−$48.81M—
2022$0.00−$4.36K−$10.16M−$10.25M—

Annual figures as reported, in the company's reporting currency. As of June 30, 2024.

Recent News

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

The market values Incannex Healthcare Inc. (IXHL) at $34.62M. It is classified in the Drug Manufacturers - Specialty & Generic industry, within the Healthcare sector. Headcount on file is 12.

IXHL last closed at $2.76 on October 21, 2026. That is +$0.01 (+0.53%) against the previous close. The 52-week range on file runs from $2.49 to $14.91. The latest close sits 10.84% above that 52-week low.

Financial Health

Fiscal 2024 revenue came to $12.00K. The same year closed with a net loss of $18.46M. Earnings per share on a trailing basis come to −1.66.

Across the 3 fiscal years on file, revenue moves from $0.00 in 2022 to $12.00K in 2024. Of those 3 years, 0 report positive net income.

Valuation Assessment

No trailing P/E applies: the last reported earnings figure is negative.

Beta against the wider market is reported at 2.82. Annualized volatility over the trailing 4 years is 393.11%. The trailing one-year total return is −74.23%. Measured over 3 years, that is −70.54% a year compounded.

Growth & Income

The record shows no dividend for IXHL.

2026 is still running; the total return is −74.30% year to date. Across the complete calendar years on file, 2024 returned −54.31% and 2025 returned −83.11%. Of the 3 complete calendar years on file, 0 finished higher.

Peer Comparison

Incannex Healthcare Inc. (IXHL) operates in the Drug Manufacturers - Specialty & Generic industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Incannex Healthcare Inc. IXHL $34.62M —
Takeda Pharmaceutical Company Limited TAK $63.67B —
Teva Pharmaceutical Industries Limited TEVA $47.37B 67.7
Haleon plc HLN $44.06B 20.5

The Drug Manufacturers - Specialty & Generic industry average P/E ratio is 20.3x. Incannex Healthcare Inc. has no P/E ratio because it is not currently profitable.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About Incannex Healthcare Inc.

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.

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