Li-Cycle Holdings Corp [LICY] stock is trading at $2.36, up 11.85%. 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 7.76% over the last week, with a monthly amount glided 87.30%, and seem to be holding up well over a long-time horizon.
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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 $1.22 and $27.32 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 $2.36 at the most recent close of the market. An investor can expect a potential return of 306.78% based on the average LICY price forecast.
Analyzing the LICY fundamentals
Li-Cycle Holdings Corp [NYSE:LICY] reported sales of 23.70M for the trailing twelve months, which represents a growth of 133.33%. Gross Profit Margin for this corporation currently stands at -3.56% with Operating Profit Margin at -16.62%, Pretax Profit Margin comes in at -6.71%, and Net Profit Margin reading is -6.7%. To continue investigating profitability, this company’s Return on Assets is posted at -0.11, Equity is -0.27 and Total Capital is -0.33. 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 2.15 points at the first support level, and at 1.94 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.47, and for the 2nd resistance point, it is at 2.58.
Ratios To Look Out For
For context, Li-Cycle Holdings Corp’s Current Ratio is 0.75. As well, the Quick Ratio is 0.68, while the Cash Ratio is 0.51. Considering the valuation of this stock, the price to sales ratio is 2.24, the price to book ratio is 0.23.
Transactions by insiders
Recent insider trading involved Wellings Mark, Director, that happened on Sep 13 ’24 when 6250.0 shares were purchased. Director, Wellings Mark completed a deal on Aug 13 ’24 to sell 6250.0 shares. Meanwhile, DeLuca Carl sold 1376.0 shares on Aug 13 ’24.
