Li-Cycle Holdings Corp [LICY] stock prices are up 9.19% to $0.97 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 12.15% over the last week, with a monthly amount drifted -14.16%, and not seem to be holding up well over a long-time horizon.
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 $0.77 and $15.36 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 $0.97 at the most recent close of the market. An investor can expect a potential return of 889.69% based on the average LICY price forecast.
Analyzing the LICY fundamentals
The Li-Cycle Holdings Corp [NYSE:LICY] reported sales of 27.40M for trailing twelve months, representing a surge of 78.72%. Gross Profit Margin for this corporation currently stands at -3.08% with Operating Profit Margin at -5.77%, Pretax Profit Margin comes in at -0.77%, and Net Profit Margin reading is -0.77%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is -0.07 and Total Capital is -0.22. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.48.
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 0.9008 points at the first support level, and at 0.8316 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.0396, and for the 2nd resistance point, it is at 1.1092.
Ratios To Look Out For
It’s worth pointing out that Li-Cycle Holdings Corp [NYSE:LICY]’s Current Ratio is 0.60. On the other hand, the Quick Ratio is 0.54, and the Cash Ratio is 0.24. Considering the valuation of this stock, the price to sales ratio is 1.25, the price to book ratio is 0.08.
Transactions by insiders
Recent insider trading involved Kochhar Ajay, President and CEO, that happened on Jan 31 ’25 when 1266.0 shares were sold. Chief Technology Officer, Biederman Christopher J. completed a deal on Jan 31 ’25 to sell 326.0 shares. Meanwhile, DeLuca Carl sold 391.0 shares on Jan 31 ’25.
