The stock of Li-Cycle Holdings Corp (NYSE:LICY) last traded at $0.63, down -2.93% from the previous session.
Data from the available sources indicates that Li-Cycle Holdings Corp (NYSE:LICY) is covered by 6 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $2.00 and a low of $0.51, we find $0.88. Given the previous closing price of $0.65, this indicates a potential upside of 35.38 percent. LICY stock price is now -76.74% away from the 50-day moving average and -86.49% away from the 200-day moving average. The market capitalization of the company currently stands at $111.74M.
In total, 5 analysts have assigned it a hold rating, and 0 have given it a buy rating. Brokers who have rated the stock have averaged $1.09 as their price target over the next twelve months.
Insiders disposed of 1,245,012 shares of company stock worth roughly $0.78 million over the past 1 year. A total of 31.84% of the company’s stock is owned by insiders.
With an opening price of $0.6702 on Friday morning, Li-Cycle Holdings Corp (NYSE: LICY) set off the trading day. During the past 12 months, Li-Cycle Holdings Corp has had a low of $0.50 and a high of $6.58. As of last week, the company has a debt-to-equity ratio of 1.17, a current ratio of 1.90, and a quick ratio of 1.86. The fifty day moving average price for LICY is $2.6155 and a two-hundred day moving average price translates $4.6120 for the stock.
The latest earnings results from Li-Cycle Holdings Corp (NYSE: LICY) was released for Sep, 2023. According to the Waste Management Company, earnings per share came in at -$0.73, missing analysts’ expectations of -$0.25 by -0.48. This compares to -$0.16 EPS in the same period last year. The net profit margin was -1604.03% and return on equity was -57.76% for LICY. The company reported revenue of $4.7 million for the quarter, compared to $2.88 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 63.48 percent. For the current quarter, analysts expect LICY to generate $2.13M in revenue.
Li-Cycle Holdings Corp(LICY) Company Profile
Li-Cycle Holdings Corp. engages in the lithium-ion battery resource recovery and lithium-ion battery recycling business in North America. The company offers a mix of cathode and anode battery materials, including lithium, nickel, and cobalt, as well as graphite, copper, and aluminum; and copper and aluminum metals. It also provides hub products, such as lithium carbonate, cobalt sulphate, nickel sulphate, and manganese carbonate. The company is headquartered in Toronto, Canada.