Li-Cycle Holdings Corp. (NYSE:LICY) finished Wednesday with an addition of $0.1 to close at $5.49, an upside of 1.86 percent. An average of 1,089,540 shares of common stock have been traded in the last five days. There was a fall of -$0.39 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 1,001,675 shares traded, while the 50-day average volume stands at 1,226,410.
LICY stock has decreased by -8.19% in the last month. The company shares reached their 1-month lowest point of $5.31 on 08/08/23. With the stock rallying to its 52-week high on 02/27/23, shares of the company touched a low of $4.30 and a high of $8.15 in 52 weeks. It has reached a new high 14 times so far this year and achieved 15.34% or $0.73 in price. In spite of this, the price is down -32.64% from the 52-week high.
Valuation Metrics
Li-Cycle Holdings Corp. (LICY) stock’s beta is 1.26. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 94.39, the price-to-book (PB) ratio at 2.10.
Financial Health
The quick ratio of Li-Cycle Holdings Corp. for the three months ended March 30 was 8.40, and the current ratio was 8.50, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.71 and a total debt to equity ratio of 0.72 for the quarter ending March 30. Li-Cycle Holdings Corp.’s EBITDA margin for the year ending March 30 is -754.48%. Its gross profit as reported stood at -$2.2 million compared to revenue of $13.4 million.
Earnings Surprise
The company posted a net income of $1.7 million in the quarter, while revenues were grew 13427.06%. The analyst consensus anticipated Li-Cycle Holdings Corp.’s latest quarter earnings to come in at -$0.15 per share, but it turned out to be -$0.22, a -46.70% surprise. For the quarter, EBITDA amounted to -$35.4 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Li-Cycle Holdings Corp. (LICY) price momentum. RSI 9-day as of the close on 09 August was 37.24%, suggesting the stock is Neutral, with historical volatility in this time frame at 42.20%.
As of today, LICY’s price is $5.62 -6.63% or -$0.39 from its 5-day moving average. LICY is currently trading -8.50% lower than its 20-day SMA and +4.57% higher than its 100-day SMA. However, the stock’s current price level is +19.87% above the SMA50 and -3.85% below the SMA200.
The stochastic %K and %D were 12.77% and 19.62%, respectively, and the average true range (ATR) was 0.24. With the 14-day stochastic at 21.26% and the average true range at 0.25, the RSI (14) stands at 43.09%. The stock has reached -0.30 on the 9-day MACD Oscillator while the 14-day reading was at -0.31.
Analyst Ratings
Cantor Fitzgerald launched coverage on Li-Cycle Holdings Corp. (NYSE: LICY) in its analyst report released on May 04, 2023. The firm assigned the stock a Buy rating. The consensus rating for Li-Cycle Holdings Corp. (LICY) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell LICY, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 6 others rate it as a “buy”.
What is LICY’s price target for the next 12 months?
Analysts predict a range of price targets between $4.00 and $9.50, with a median target of $8.00. Taking a look at these predictions, the average price target given by analysts for Li-Cycle Holdings Corp. (LICY) stock is $7.44.
