Li-Cycle Holdings Corp (NYSE:LICY) price on Friday, November 15, fall -11.26% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $2.05.
A look at the stock’s price movement, the close in the last trading session was $2.31, moving within a range at $2.0 and $2.32. The beta value (5-Year monthly) was 1.509. Turning to its 52-week performance, $15.36 and $1.22 were the 52-week high and 52-week low respectively. Overall, LICY moved -9.69% over the past month.
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Li-Cycle Holdings Corp’s market cap currently stands at around $47.60 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Mar-14.
Analysts have a consensus estimate of 6M for the company’s revenue for the quarter, with a low and high estimate of 6M and 6M respectively. The average forecast suggests down to a -6.25% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 27M, representing a 47.54% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that LICY is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
3 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 2 recommend LICY as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
LICY’s current price about -20.71% and -9.17% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 42.18, while 7-day volatility ratio is 13.27% and 17.80% in the 30-day chart. Further, Li-Cycle Holdings Corp (LICY) has a beta value of 1.48, and an average true range (ATR) of 0.48. Analysts have given the company’s stock an average 52-week price target of $8, forecast between a low of $7 and high of $13. Looking at the price targets, the low is -241.46% off current price level while to achieve the yearly target high, price needs to move -534.15%. Nonetheless, investors will most likely welcome a -290.24% jump to $8 which is the analysts’ median price.
If we refocus on Li-Cycle Holdings Corp (NYSE:LICY), historical trading data shows that trading volumes averaged 4.09 over the past 10 days and 1.15 million over the past 3 months. The company’s latest data on shares outstanding shows there are 22.27 million shares.
The 29.20% of Li-Cycle Holdings Corp’s shares are in the hands of company insiders while institutional holders own 11.47% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.24 million on 2024-10-31, giving us a short ratio of 2.95. The data shows that as of 2024-10-31 short interest in Li-Cycle Holdings Corp (LICY) stood at 665.99995 of shares outstanding, with shares short falling to 1.35 million registered in 2024-09-30. Current price change has pushed the stock -56.18% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the LICY stock continues to rise going into the next quarter.
