A share price of Li-Cycle Holdings Corp [LICY] is currently trading at $1.13, down -12.40%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The LICY shares have gain 48.02% over the last week, with a monthly amount glided 175.61%, 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
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 experienced fluctuations in its stock price throughout the past year between $0.35 and $6.16. 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 $1.13 at the most recent close of the market. An investor can expect a potential return of 749.56% based on the average LICY price forecast.
Analyzing the LICY fundamentals
Trailing Twelve Months sales for Li-Cycle Holdings Corp [NYSE:LICY] were 18.30M which represents 113.33% growth. Gross Profit Margin for this corporation currently stands at -3.09% with Operating Profit Margin at -15.49%, Pretax Profit Margin comes in at -7.54%, and Net Profit Margin reading is -7.54%. To continue investigating profitability, this company’s Return on Assets is posted at -0.16, Equity is -0.35 and Total Capital is -0.39. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.78.
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 1.0768 points at the first support level, and at 1.0236 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.2064, and for the 2nd resistance point, it is at 1.2828.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Li-Cycle Holdings Corp [NYSE:LICY] is 0.95. Further, the Quick Ratio stands at 0.89, while the Cash Ratio is 0.51. Considering the valuation of this stock, the price to sales ratio is 11.06, the price to book ratio is 0.53.
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.
