Li-Cycle Holdings Corp. (NYSE:LICY) saw a downside of -4.66% to $5.52 after subtracting -$0.27 on Monday. The 5-day average trading volume is 818,379 shares of the company’s common stock. It has gained $6.03 in the past week and touched a new high 1 time within the past 5 days. An average of 953,385 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,198,750.
LICY’s 1-month performance is -5.80% or -$0.34 on its low of $5.51 reached on 08/07/23. The company’s shares have touched a 52-week low of $4.30 and high of $8.15, with the stock’s rally to the 52-week high happening on 02/27/23. YTD, LICY has achieved 15.97% or $0.76 and has reached a new high 14 times. However, the current price is down -32.27% from the 52-week high price.
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Valuation Metrics
LICY stock has a beta of 1.23. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 94.91 while the price-to-book (PB) in the most recent quarter is 2.11.
Li-Cycle Holdings Corp.’s quick ratio for the period ended March 30 was 8.40, with the current ratio over the same period at 8.50. As well, the company’s long term debt to equity for the quarter ending March 30 was 0.71, while the total debt to equity was 0.72. The trailing 12-month EBITDA margin is -754.48%. The firm’s gross profit as reported stood at -$2.2 million against revenue of $13.4 million.
Earnings Surprise
For the quarterly period ending March 30 this year, Net income grew 13427.06% to $1.7 million, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected LICY to announce -$0.15 per share in earnings in its latest quarter, but it posted -$0.22, representing a -46.70% surprise. EBITDA for the quarter stood at more than -$35.4 million. LICY stock balance sheet for the quarter ending March 30 shows that total liabilities totaled 388.6 million, with total debt at $334.7 million.
Let’s look briefly at Li-Cycle Holdings Corp. (LICY) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 04 August was 35.24% to suggest the stock is trending Neutral, with historical volatility in this time period at 39.96%.
The stock’s 5-day moving average is $5.81, reflecting a -8.37% or -$0.51 change from its current price. LICY is currently trading -8.37% above its 20-day SMA, +3.27% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +17.06% and SMA200 by-1.87%.
Stochastic %K and %D was 28.06% and 44.15% and the average true range (ATR) pointed at 0.24. The RSI (14) points at 42.95%, while the 14-day stochastic is at 2.23% with the period’s ATR at 0.25. The stock’s 9-day MACD Oscillator is pointing at -0.13 and -0.11 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Li-Cycle Holdings Corp. (NYSE: LICY), Cantor Fitzgerald launched coverage with a Buy rating. Analysts offering their rating for LICY stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate LICY as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 6 have offered a “buy” rating.
What is LICY’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $4.00 and a high of $9.50, with their median price target at $8.00. Looking at these predictions, the average price target given by analysts is for Li-Cycle Holdings Corp. (LICY) stock is $7.44.
