Li-Cycle Holdings Corp [LICY] stock is trading at $0.59, up 46.32%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The LICY shares have gain 43.29% over the last week, with a monthly amount glided 36.46%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 12, March 2024, Li-Cycle Announces $75 Million Strategic Investment from Glencore. In a post published today on Yahoo Finance, Builds upon existing long-term partnership and further demonstrates Glencore’s endorsement of Li-Cycle’s Spoke & Hub model, patented recycling technology, and development plans for the Rochester Hub, as part of Glencore’s ambition to bring more circularity to the battery materials space.
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.
Li-Cycle Holdings Corp [LICY] stock has fluctuated between $0.35 and $6.16 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 $0.59 at the most recent close of the market. An investor can expect a potential return of 1527.12% based on the average LICY price forecast.
Analyzing the LICY fundamentals
Li-Cycle Holdings Corp [NYSE:LICY] reported sales of 14.90M for the trailing twelve months, which represents a growth of 339.01%. Gross Profit Margin for this corporation currently stands at -0.22% with Operating Profit Margin at -13.48%, Pretax Profit Margin comes in at -11.43%, and Net Profit Margin reading is -11.43%. To continue investigating profitability, this company’s Return on Assets is posted at -0.27, Equity is -0.48 and Total Capital is -0.37. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.15.
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 0.4912 points at the first support level, and at 0.3955 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.6413, and for the 2nd resistance point, it is at 0.6957.
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
For context, Li-Cycle Holdings Corp’s Current Ratio is 1.90. As well, the Quick Ratio is 1.86, while the Cash Ratio is 1.31. Considering the valuation of this stock, the price to sales ratio is 7.02, the price to book ratio is 0.34.
Transactions by insiders
Recent insider trading involved Simpson Debbie, Chief Financial Officer, that happened on Feb 01 ’24 when 81845.0 shares were sold. Executive Chairman & Director, Johnston Timothy completed a deal on Feb 01 ’24 to sell 10929.0 shares. Meanwhile, President and CEO Kochhar Ajay sold 10929.0 shares on Feb 01 ’24.
