Li-Cycle Holdings Corp. (NYSE:LICY) finished Wednesday with an addition of $0.11 to close at $4.46, an upside of 2.53 percent. An average of 1,601,080 shares of common stock have been traded in the last five days. There was a gain of $0.01 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 1,515,555 shares traded, while the 50-day average volume stands at 1,360,548.
LICY stock has decreased by -23.24% in the last month. The company shares reached their 1-month lowest point of $4.31 on 08/21/23. 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 $7.70 in 52 weeks. It has reached a new high 14 times so far this year and lost -6.30% or -$0.30 in price. In spite of this, the price is down -42.05% from the 52-week high.
Valuation Metrics
Li-Cycle Holdings Corp. (LICY) stock’s beta is 1.37. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 47.58, the price-to-book (PB) ratio at 1.84.
Financial Health
The quick ratio of Li-Cycle Holdings Corp. for the recent quarter was 4.80, and the current ratio was 4.80, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.78 and a total debt to equity ratio of 0.80 for the recent quarter. Li-Cycle Holdings Corp.’s EBITDA margin is -754.48%. Its gross profit as reported stood at -$2.2 million compared to revenue of $13.4 million.
Earnings Surprise
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $1.7 million in the quarter, while revenues were grew 13427.06%.
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 23 August was 30.10%, suggesting the stock is Neutral, with historical volatility in this time frame at 83.62%.
As of today, LICY’s price is $4.42 +0.22% or $0.01 from its 5-day moving average. LICY is currently trading -24.41% lower than its 20-day SMA and -18.61% lower than its 100-day SMA. However, the stock’s current price level is -19.35% below the SMA50 and -23.37% below the SMA200.
The stochastic %K and %D were 4.86% and 6.10%, respectively, and the average true range (ATR) was 0.27. With the 14-day stochastic at 9.17% and the average true range at 0.27, the RSI (14) stands at 32.53%. The stock has reached -0.20 on the 9-day MACD Oscillator while the 14-day reading was at -0.55.
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.
What is LICY’s price target for the next 12 months?
Analysts predict a range of price targets between $4.00 and $8.00, with a median target of $7.00. Taking a look at these predictions, the average price target given by analysts for Li-Cycle Holdings Corp. (LICY) stock is $6.86.
