After A Decline Of -41.17% From The High, Can Li-Cycle Holdings Corp. (NYSE: LICY) Recover Quickly? – Marketing Sentinel
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After A Decline Of -41.17% From The High, Can Li-Cycle Holdings Corp. (NYSE: LICY) Recover Quickly?

Li-Cycle Holdings Corp. (NYSE:LICY)’s traded shares stood at 5.6 million during the last session. At the close of trading, the stock’s price was $11.15, to imply a decrease of -1.93% or -$0.22 in intraday trading. The LICY share’s 52-week high remains $15.74, putting it -41.17% down since that peak but still an impressive 31.03% since price per share fell to its 52-week low of $7.69. The company has a valuation of $1.72B, with average of 1.27 million shares over the past 3 months.

Analysts have given a consensus recommendation of a Buy for Li-Cycle Holdings Corp. (LICY), translating to a mean rating of 2.50. Of 6 analyst(s) looking at the stock, 0 analyst(s) give LICY a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 5 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -$0.04.

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Li-Cycle Holdings Corp. (NYSE:LICY) trade information

After registering a -1.93% downside in the last session, Li-Cycle Holdings Corp. (LICY) has traded red over the past five days. The stock hit a weekly high of 12.48 this Thursday, 10/07/21, dropping -1.93% in its intraday price action. The 5-day price performance for the stock is -4.70%, and 37.48% over 30 days. With these gigs, the year-to-date price performance is 7.63%.

Analysts on Wall Street suggest a consensus price target of $14.17, implying an increase of 21.31% to the stock’s current value. The extremes give us $11.00 and $15.00 for target low and target high price respectively. As such, LICY has been trading -34.53% off suggested target high and 1.35% from its likely low.

Li-Cycle Holdings Corp. (LICY) estimates and forecasts

Revenue forecast for the current quarter as set by 1 analysts is $4.71 million. Meanwhile, for the quarter ending Jan 2022, a total of 1 analyst(s) estimate revenue growth to $13.04 million.

LICY Dividends

Li-Cycle Holdings Corp. has its next earnings report out in November. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Li-Cycle Holdings Corp. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

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