Li-Cycle Holdings Corp (NYSE:LICY) price on current trading day, rose 5.67% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $1.85.
A look at the stock’s price movement, the level at last check in today’s session was $1.75, moving within a range at $1.81 and $2.06. 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 -13.99% over the past month.
Li-Cycle Holdings Corp’s market cap currently stands at around $42.94 million, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 8M for the company’s revenue for the quarter, with a low and high estimate of 8M and 8M respectively. The average forecast suggests up to a 25.00% 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 29M, representing a 58.47% 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 50% 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 8.69% and -14.22% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 50.93, while 7-day volatility ratio is 12.02% and 9.50% in the 30-day chart. Further, Li-Cycle Holdings Corp (LICY) has a beta value of 1.43, and an average true range (ATR) of 0.22. 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 -278.38% off recent price level in today’s trading while to achieve the yearly target high, it has to move -602.7%. Nonetheless, investors will most likely welcome a -332.43% 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 1.11 over the past 10 days and 1.29 million over the past 3 months. The company’s latest data on shares outstanding shows there are 23.20 million shares.
The 28.12% of Li-Cycle Holdings Corp’s shares are in the hands of company insiders while institutional holders own 10.63% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.28 million on 2024-11-29, giving us a short ratio of 0.55. The data shows that as of 2024-11-29 short interest in Li-Cycle Holdings Corp (LICY) stood at 688.0 of shares outstanding, with shares short rising to 1.24 million registered in 2024-10-31. Current price change has pushed the stock -60.47% 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.
