As of Friday close, Li-Cycle Holdings Corp.’s (NYSE:LICY) stock was down -$0.03, moving down -0.79 percent to $3.78. The average number of shares traded per day over the past five days has been 1,930,940 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.57 fall in that time frame. In the last twenty days, the average volume was 1,446,670, while in the previous 50 days, it was 1,394,918.
Since last month, LICY stock retreated -15.25%. Shares of the company fell to $3.78 on 09/22/23, the lowest level in the past month. A 52-week high of $6.58 was reached on 02/27/23 after having rallying from a 52-week low of $3.81. Since the beginning of this year, LICY’s stock price has dropped by -20.59% or -$0.98, and marked a new high 14 times. However, the stock has declined by -42.55% since its 52-week high.
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Valuation Metrics
The stock’s beta is 1.35. Besides these, the trailing price-to-sales (P/S) ratio of 44.40, the price-to-book (PB) ratio of 1.56.
Financial Health
In the three months ended June 29, Li-Cycle Holdings Corp.’s quick ratio stood at 4.80, while its current ratio was 4.80, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.78, and the total debt-to-equity ratio was 0.80. On the profitability front, the trailing twelve-month gross margin is -71.00% percent. Based on annual data, LICY earned -$2.2 million in gross profit and brought in $13.4 million in revenue.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. LICY’s revenue fell -24.92% during the quarter, while net income inched up to $5.9 million. While analysts expected Li-Cycle Holdings Corp. to report -$0.18 quarterly earnings, the actual figure was -$0.2 per share, beating the consensus estimate by -11.10%. During the quarter, the company generated -$38.5 million in EBITDA. The liabilities of Li-Cycle Holdings Corp. were 428.7 million at the end of its most recent quarter ended June 29, and its total debt was $342.7 million.
Technical Picture
This quick technical analysis looks at Li-Cycle Holdings Corp.’s (LICY) price momentum. With a historical volatility rate of 61.54%, the RSI 9-day stood at 24.72% on 22 September.
With respect to its five-day moving average, the current Li-Cycle Holdings Corp. price is down by -13.10% percent or -$0.57. At present, LICY shares trade -8.70% below its 20-day simple moving average and -18.00% percent below its 100-day simple moving average. However, the stock is currently trading approximately -37.52% below its SMA50 and -36.79% below its SMA200.
Stochastic coefficient K was 7.18% and Stochastic coefficient D was 7.18%, while ATR was 0.24. Given the Stochastic reading of 0.00% for the 14-day period, the RSI (14) reading has been calculated as 30.18%. As of today, the MACD Oscillator reading stands at -0.36, while the 14-day reading stands at -0.50.
Analyst Ratings
Cantor Fitzgerald launched its rating on Li-Cycle Holdings Corp. (NYSE: LICY) to a Buy in a note to investors on May 04, 2023. Li-Cycle Holdings Corp. (LICY) has been rated Overweight by analysts. According to 1 brokerage firm, LICY is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Li-Cycle Holdings Corp. stock as buy, with 6 recommending it as overweight.
With a median target price of $7.50, the current consensus forecast for the stock is $4.00 – $9.00. Based on these forecasts, analysts predict Li-Cycle Holdings Corp. (LICY) will achieve an average price target of $7.13.
