During the last session, Li-Cycle Holdings Corp (NYSE:LICY)’s traded shares were 0.42 million, with the beta value of the company hitting 1.54. At the end of the trading day, the stock’s price was $2.35, reflecting an intraday loss of -2.08% or -$0.05. The 52-week high for the LICY share is $27.32, that puts it down -1062.55 from that peak though still a striking 48.09% gain since the share price plummeted to a 52-week low of $1.22. The company’s market capitalization is $52.87M, and the average intraday trading volume over the past 10 days was 0.39 million shares, and the average trade volume was 530.07K shares over the past three months.
Li-Cycle Holdings Corp (LICY) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 3.00. LICY has a Sell rating from 0 analyst(s) out of 3 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -1.32.
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Li-Cycle Holdings Corp (NYSE:LICY) trade information
Li-Cycle Holdings Corp (LICY) registered a -2.08% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -2.08% in intraday trading to $2.35, hitting a weekly high. The stock’s 5-day price performance is 11.37%, and it has moved by 66.67% in 30 days. Based on these gigs, the overall price performance for the year is -90.55%. The short interest in Li-Cycle Holdings Corp (NYSE:LICY) is 1.35 million shares and it means that shorts have 1.52 day(s) to cover.
The consensus price target of analysts on Wall Street is $8, which implies an increase of 70.62% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $7 and $13 respectively. As a result, LICY is trading at a discount of -453.19% off the target high and -197.87% off the low.
Li-Cycle Holdings Corp (LICY) estimates and forecasts
Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 77.40% this quarter and then drop -142.40% in the quarter after that. In the rating firms’ projections, revenue will increase 45.20% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 6.98M as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 6.98M by the end of current fiscal year.
While earnings are projected to return -17.81% in 2024.
LICY Dividends
Li-Cycle Holdings Corp is due to release its next quarterly earnings on 2024-Aug-08. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Li-Cycle Holdings Corp (NYSE:LICY)’s Major holders
Li-Cycle Holdings Corp insiders own 24.03% of total outstanding shares while institutional holders control 13.94%, with the float percentage being 18.34%. is the largest shareholder of the company, while 107.0 institutions own stock in it. As of 2024-06-30, the company held over 19605.0 shares (or 0.011% of all shares), a total value of $13247.0 in shares.
The next largest institutional holding, with 189.0 shares, is of IFP ADVISORS, INC’s that is approximately 0.0001% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $90.0.
