Why Should You Consider Adding Li-Cycle Holdings Corp (LICY) To Your Portfolio?

Li-Cycle Holdings Corp (NYSE:LICY) has a beta value of 1.50 and has seen 0.91 million shares traded in the recent trading session. The company, currently valued at $71.78M, closed the recent trade at $3.19 per share which meant it gained $0.46 on the day or 16.85% during that session. The LICY stock price is -491.85% off its 52-week high price of $18.88 and 61.76% above the 52-week low of $1.22. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.63 million shares traded. The 3-month trading volume is 592.70K shares.

The consensus among analysts is that Li-Cycle Holdings Corp (LICY) is Buy stock at the moment, with a recommendation rating of 3.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 3 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -1.32.

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

Sporting 16.85% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the LICY stock price touched $3.19 or saw a rise of 1.85%. Year-to-date, Li-Cycle Holdings Corp shares have moved -31.81%, while the 5-day performance has seen it change 57.14%. Over the past 30 days, the shares of Li-Cycle Holdings Corp (NYSE:LICY) have changed 35.17%. Short interest in the company has seen 1.25 million shares shorted with days to cover at 1.61.

Wall Street analysts have a consensus price target for the stock at $8, which means that the shares’ value could jump 60.13% from the levels at last check today.. The projected low price target is $7.0 while the price target rests at a high of $13.0. In that case, then, we find that the latest price level in today’s session is -307.52% off the targeted high while a plunge would see the stock gain -119.44% from the levels at last check today..

Li-Cycle Holdings Corp (LICY) estimates and forecasts

The company’s shares have lost -39.49% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 45.20%.

2 analysts offering their estimates for the company have set an average revenue estimate of 6.98M for the current quarter. 2 have an estimated revenue figure of 6.98M for the next ending quarter.

LICY Dividends

Li-Cycle Holdings Corp is expected to release its next earnings report on 2024-Aug-08 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

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

Insiders own 24.03% of the company shares, while shares held by institutions stand at 13.97% with a share float percentage of 18.39%. Investors are also buoyed by the number of investors in a company, with Li-Cycle Holdings Corp having a total of 103.0 institutions that hold shares in the company. The top two institutional holders are with over 19605.0 shares worth more than $13247.0. As of 2024-06-30, held 0.011% of shares outstanding.

The other major institutional holder is IFP ADVISORS, INC, with the holding of over 189.0 shares as of 2024-06-30. The firm’s total holdings are worth over $90.0 and represent 0.0001% of shares outstanding.