Li-Cycle Holdings Corp (NYSE:LICY) Up 42.57% Over The Past 30 Days: Any Troubles Ahead?

In last trading session, Li-Cycle Holdings Corp (NYSE:LICY) saw 0.38 million shares changing hands with its beta currently measuring 1.53. Company’s recent per share price level of $2.11 trading at $0.02 or 0.96% at ring of the bell on the day assigns it a market valuation of $47.47M. That closing price of LICY’s stock is at a discount of -1291.47% from its 52-week high price of $29.36 and is indicating a premium of 42.18% from its 52-week low price of $1.22. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.29 million shares which gives us an average trading volume of 582.73K if we extend that period to 3-months.

For Li-Cycle Holdings Corp (LICY), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 3.00. Splitting up the data highlights that, out of 3 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -1.32 in the current quarter.

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

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

Upright in the green during last session for gaining 0.96%, in the last five days LICY remained trading in the red while hitting it’s week-highest on Monday, 09/23/24 when the stock touched $2.11 price level, adding 9.44% to its value on the day. Li-Cycle Holdings Corp’s shares saw a change of -54.90% in year-to-date performance and have moved -4.09% in past 5-day. Li-Cycle Holdings Corp (NYSE:LICY) showed a performance of 42.57% in past 30-days. Number of shares sold short was 1.47 million shares which calculate 2.72 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 8 to the stock, which implies a rise of 73.62% to its current value. Analysts have been projecting 7 as a low price target for the stock while placing it at a high target of 13. It follows that stock’s current price would drop -231.75% in reaching the projected high whereas dropping to the targeted low would mean a loss of -231.75% for stock’s current value.

Li-Cycle Holdings Corp (LICY) estimates and forecasts

This year revenue growth is estimated to rise 45.20% from the last financial year’s standing.

2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 6.98M for the same. And 2 analysts are in estimates of company making revenue of 6.98M in the next quarter.

Li-Cycle Holdings Corp (NYSE:LICY)’s Major holders

Insiders are in possession of 24.14% of company’s total shares while institution are holding 18.35 percent of that, with stock having share float percentage of 24.19%. Investors also watch the number of corporate investors in a company very closely, which is 18.35% institutions for Li-Cycle Holdings Corp that are currently holding shares of the company. is the top institutional holder at LICY for having 19605.0 shares of worth $13247.0. And as of 2024-06-30, it was holding 0.011 of the company’s outstanding shares.

The second largest institutional holder is IFP ADVISORS, INC, which was holding about 189.0 shares on 2024-06-30. The number of shares represents firm’s hold over 0.0001 of outstanding shares, having a total worth of $90.0.

On the other hand, Primecap Odyssey Aggressive Growth Fund and GMO Resources Fund are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024 , the former fund manager was holding 390.68 shares of worth $0.82 million or 1.74% of the total outstanding shares. The later fund manager was in possession of 217.51 shares on May 31, 2024 , making its stake of worth around $0.46 million in the company or a holder of 0.97% of company’s stock.