Li-Cycle Holdings Corp [LICY] stock prices are down -1.26% to $0.40 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The LICY shares have gain 3.87% over the last week, with a monthly amount drifted -7.24%, and not seem to be holding up well over a long-time horizon.
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On 29, December 2023, Li-Cycle Receives Continued Listing Standard Notice from NYSE. In a post published today on Yahoo Finance, Li-Cycle Holdings Corp. (NYSE: LICY) (“Li-Cycle” or the “Company”), a leading global lithium-ion battery resource recovery company, today announced that it has received written notice (the “Notice”) from the New York Stock Exchange (“NYSE”) indicating that the Company is not in compliance with Section 802.01C of the NYSE’s continued listing standards because the average closing price of Li-Cycle’s common stock was less than $1.00 over a consecutive 30 trading-day period.
From an analyst’s perspective:
Li-Cycle Holdings Corp [NYSE: LICY] stock has seen the most recent analyst activity on November 16, 2023, when UBS downgraded its rating to a Neutral. Previously, Chardan Capital Markets downgraded its rating to Neutral on November 16, 2023. On October 23, 2023, downgrade downgraded it’s rating to Market Perform. Cantor Fitzgerald started tracking the stock assigning a Buy rating. Morgan Stanley downgraded its rating to a Underweight and reduced its price target to $4 on January 25, 2023. In a note dated February 10, 2022, Morgan Stanley downgraded an Equal-Weight rating on this stock but restated the target price of $10.
The stock price of Li-Cycle Holdings Corp [LICY] has been fluctuating between $0.35 and $6.58 over the past year. Currently, Wall Street analysts expect the stock to reach $9.6 within the next 12 months. Li-Cycle Holdings Corp [NYSE: LICY] shares were valued at $0.40 at the most recent close of the market. An investor can expect a potential return of 2300.0% based on the average LICY price forecast.
Analyzing the LICY fundamentals
The Li-Cycle Holdings Corp [NYSE:LICY] reported sales of 14.90M for trailing twelve months, representing a surge of 339.01%. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 0.3913 points at the first support level, and at 0.3827 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.4173, and for the 2nd resistance point, it is at 0.4347.
Li-Cycle Holdings Corp [LICY] reported earnings per share of -$0.73 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.25/share, meaning a difference of -$0.48 and a surprise factor of -192.00%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were -$0.2 per share as compared to estimates of -$0.18 per share, a difference of -$0.02 representing a surprise of -11.10%.
Ratios To Look Out For
It’s worth pointing out that Li-Cycle Holdings Corp [NYSE:LICY]’s Current Ratio is 1.90. On the other hand, the Quick Ratio is 1.86, and the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 4.79, the price to book ratio is 0.23.
Transactions by insiders
Recent insider trading involved Simpson Debbie, Chief Financial Officer, that happened on Feb 01 when 81845.0 shares were sold. Executive Chairman & Director, Johnston Timothy completed a deal on Feb 01 to sell 10929.0 shares. Meanwhile, President and CEO Kochhar Ajay sold 10929.0 shares on Feb 01.
