Incannex Healthcare Ltd ADR (IXHL)

Incannex Healthcare Ltd ADR (NASDAQ: IXHL) is a depositary receipt linked to Incannex Healthcare Inc., a clinical-stage biopharmaceutical company based in Sydney, Australia. Through its listed ADR, the company provides U.S. investors exposure to a developer focused on research and development of psychedelic medicines and other therapies for chronic diseases. Its pipeline includes IHL-42X, an oral fixed-dose combination of dronabinol and acetazolamide in Phase 2/3 testing for obstructive sleep apnea, and PSX-001, an oral synthetic psilocybin treatment in Phase 2b development for generalized anxiety disorder. Incannex is also advancing IHL-675A, an oral fixed-dose combination of synthetic cannabidiol and hydroxychloroquine sulphate being studied across several inflammatory and respiratory-related conditions, including rheumatoid arthritis, lung inflammation, chronic obstructive pulmonary disease, asthma, bronchitis, inflammatory bowel disease, colitis, and Crohn’s disease.


Jump between the core stock analysis sections, valuation data, fair value models, technical outlook, and FAQ.

Data update note: Fair value and stock analysis metrics are updated after regular market sessions when new data becomes available.
Ticker Fair Value Fair Value Upside/Downside Fair Value Rating Analyst Price Target Analyst Target Upside/Downside Analyst Target Rating Overall Financial Health Upcoming Dividend Ex-Date Dividend Payment Date Upcoming Dividend Dividend Yield Next Earnings Date P/E Ratio Price-to-Book Ratio Price-to-Sales Ratio Market Cap Enterprise Value Total Debt / Total Capital Free Float / Shares Outstanding Altman Z-Score Payout Ratio Free Cash Flow / Net Income
NASDAQ-IXHL
$4.28
33.5% Upside
Undervalued
$17.87
457.5% Upside
Bargain
Weak
0.0%
September 29, 2026
-0.8x
0.5x
38.406 M
-35.81 M
0.3%
82.5%
16.1
36.6%
Valuation • Fair Value

Incannex Healthcare Ltd ADR (NASDAQ-IXHL) Fair Value by Valuation Model

Compare the primary fair value estimate for Incannex Healthcare Ltd ADR (NASDAQ-IXHL) with model-based valuation references such as DCF, Ben Graham, DDM, EPV and comparable-company valuation.

Primary Valuation Read

Fair Value

$4.28

Estimated upside of 33.5% versus the current market price.

Fair Value Confidence

Very low

Confidence level for the primary fair value estimate.

DCF Fair Value

NM

Discounted cash flow valuation reference.

Ben Graham Formula Value

$0

Classic Ben Graham valuation formula reference.

DDM Fair Value

NM

Dividend discount model valuation reference.

EPV Fair Value

NM

Earnings power value estimate.

Comps Fair Value

$4.28

Comparable-company valuation reference.

Analyst Price Target

$17.87

Analysts imply upside of 457.5%.

How to read these valuation models

Use this section to compare the primary fair value estimate for Incannex Healthcare Ltd ADR (NASDAQ-IXHL) with several model-based valuation references. Different models can produce different outputs because each method relies on a different set of assumptions, so the primary fair value estimate should be read alongside the model spread rather than in isolation.

Profitability • Growth

Profitability & Growth for Incannex Healthcare Ltd ADR (NASDAQ-IXHL)

A compact read on revenue, forward revenue expectations, EBITDA and operating profitability trends.

Revenue

0 K

Current operating scale indicator.

Revenue Forecast

0 K

Forward revenue estimate.

EBITDA

-24.695 M

Current operating profitability reference.

EBITDA Forecast

-14.479 M

Forward operating profitability estimate.

How to read profitability and growth

This section helps investors review Incannex Healthcare Ltd ADR (NASDAQ-IXHL) from an operating perspective by combining current scale, forward revenue expectations and EBITDA-related profitability measures.

Quality • Risk

Quality & Financial Risk for Incannex Healthcare Ltd ADR (NASDAQ-IXHL)

Review financial health, earnings quality and balance-sheet risk through Piotroski, Beneish, Altman and cash conversion metrics.

Financial Health

Weak

Financial pressure deserves closer review.

Piotroski Score

4

Mid-range quality score.

Beneish M-Score

NM

Forensic accounting screen.

Altman Z-Score

16.1

Relatively strong balance-sheet zone.

FCF / Net Income

36.6%

Cash conversion quality indicator.

How to read quality and risk

This section combines quality, balance-sheet and accounting-risk indicators for Incannex Healthcare Ltd ADR (NASDAQ-IXHL). Read the metrics together: no single score is a complete investment conclusion, but the combined view can highlight financial strength, earnings quality and areas that may deserve closer review.

Events • Dividends

Upcoming Events & Dividends for Incannex Healthcare Ltd ADR (NASDAQ-IXHL)

Track the next earnings date, ex-dividend date, dividend payment date, dividend yield and upcoming distribution details where available.

Next Earnings Date

September 29, 2026

Days to Earnings

70

Dividend Payment Date

Not available

Ex-Dividend Date

Not available

Dividend Yield

0.0%

Income yield reference.

Upcoming Dividend

Not available

Data is currently unavailable.

Payment Type

Not available

Data is currently unavailable.

Dividend Currency

Not available

Data is currently unavailable.

Payout Ratio

Not available

Data is currently unavailable.

How to read events and dividends

This section helps investors track time-sensitive items for Incannex Healthcare Ltd ADR (NASDAQ-IXHL), including the next earnings date and dividend-related milestones. These items can matter for short-term volatility, income planning and event-driven positioning.

Stock Forecast • Technical Outlook

Incannex Healthcare Ltd ADR (NASDAQ-IXHL) Stock Forecast & Technical Outlook

Review Incannex Healthcare Ltd ADR (NASDAQ-IXHL) across multiple technical time frames, alongside analyst recommendation data, to form a faster read on market positioning and near-term sentiment.

Technical Signals by Time Frame

Switch between time frames to review the current technical signal for the stock.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: 15-minute • intraday
Strong Buy

The 15-minute technical read for Incannex Healthcare Ltd ADR (NASDAQ-IXHL) is currently Strong Buy. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: 1-hour • short-term
Buy

The 1-hour technical read for Incannex Healthcare Ltd ADR (NASDAQ-IXHL) is currently Buy. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: daily • daily
Strong Sell

The daily technical read for Incannex Healthcare Ltd ADR (NASDAQ-IXHL) is currently Strong Sell. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: weekly • weekly
Strong Sell

The weekly technical read for Incannex Healthcare Ltd ADR (NASDAQ-IXHL) is currently Strong Sell. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: monthly • monthly
Strong Sell

The monthly technical read for Incannex Healthcare Ltd ADR (NASDAQ-IXHL) is currently Strong Sell. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Analyst Consensus for Incannex Healthcare Ltd ADR (NASDAQ-IXHL)

A consolidated view of buy, hold and sell recommendations based on the currently available analyst data.

Strong Sell Sell Neutral Buy Strong Buy
Consolidated analyst recommendation mix
Strong Buy

Based on the available recommendation mix, Incannex Healthcare Ltd ADR (NASDAQ-IXHL) has a Strong Buy consensus, with 1 buy, 0 hold and 0 sell recommendations in the current data set.

Buy 1
Hold 0
Sell 0
FAQ Fast Investor Answers

Incannex Healthcare Ltd ADR (NASDAQ-IXHL) Stock FAQ

Quick answers about Incannex Healthcare Ltd ADR (NASDAQ-IXHL) stock, including fair value, valuation rating, analyst price target, dividends, earnings dates, market capitalization, financial health and other key stock analysis metrics.

Fair Value
$4.28
Estimated upside 33.5%
Valuation Rating
Undervalued
Estimated upside of 33.5%
Analyst Target
$17.87
Implied upside 457.5%
Financial Health
Weak
Current financial-health read

The current fair value estimate for Incannex Healthcare Ltd ADR (NASDAQ-IXHL) is $4.28. This implies an estimated upside of 33.5% versus the current market price.

Based on the current fair value estimate, the stock appears undervalued, with estimated upside of 33.5% versus the current market price.

The available analyst price target for Incannex Healthcare Ltd ADR (NASDAQ-IXHL) is $17.87. The analyst target implies estimated upside of 457.5%.

The current financial health read for Incannex Healthcare Ltd ADR (NASDAQ-IXHL) is Weak. This should be reviewed alongside valuation, profitability, debt and cash-flow quality metrics.

The next earnings date currently listed for Incannex Healthcare Ltd ADR (NASDAQ-IXHL) is September 29, 2026.

Based on the current data, dividend yield is 0.0%.

The current P/E ratio listed for Incannex Healthcare Ltd ADR (NASDAQ-IXHL) is -0.8x. Use it together with growth, margins and sector comparisons rather than as a standalone valuation signal.

The current market capitalization listed for Incannex Healthcare Ltd ADR is 38.406 M.

The current enterprise value listed for Incannex Healthcare Ltd ADR is -35.81 M. Enterprise value can provide a broader valuation view than market capitalization alone because it also considers net debt.

The ticker symbol for Incannex Healthcare Ltd ADR is NASDAQ-IXHL, and the stock is listed on NASDAQ.

Incannex Healthcare Ltd ADR (NASDAQ-IXHL) is listed on NASDAQ.

The current debt-to-total-capital ratio listed for Incannex Healthcare Ltd ADR is 0.3%, which helps investors evaluate the company’s financing structure and leverage profile.

The free float listed for Incannex Healthcare Ltd ADR is 82.5%. Free float helps investors understand how much of the share base is available for public trading.