Li-Cycle Holdings Corp (NYSE:LICY)’s traded shares stood at 0.49 million during the latest session, with the company’s beta value hitting 1.44. At the last check today, the stock’s price was $1.62, to imply an increase of 3.50% or $0.05 in intraday trading. The LICY share’s 52-week high remains $15.36, putting it -848.15% down since that peak but still an impressive 24.69% since price per share fell to its 52-week low of $1.22. The company has a valuation of $37.74M, with an average of 0.94 million shares in intraday trading volume over the past 10 days and average of 1.25 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Li-Cycle Holdings Corp (LICY), translating to a mean rating of 3.00. Of 3 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 2 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 -0.61.
Li-Cycle Holdings Corp (NYSE:LICY) trade information
After registering a 3.50% upside in the latest session, Li-Cycle Holdings Corp (LICY) has traded red over the past five days. The 5-day price performance for the stock is 6.91%, and -30.56% over 30 days. With these gigs, the year-to-date price performance is -65.27%. Short interest in Li-Cycle Holdings Corp (NYSE:LICY) saw shorts transact 1.28 million shares and set a 0.55 days time to cover.
The extremes give us $7 and $13 for target low and target high price respectively. As such, LICY has been trading -702.47% off suggested target high and -332.1% from its likely low.
Li-Cycle Holdings Corp (LICY) estimates and forecasts
The rating firms project that company’s revenue will grow 58.47% compared to the previous financial year.
Revenue forecast for the current quarter as set by 1 analysts is 8M. Meanwhile, for the current quarter, a total of 1 analyst(s) estimate revenue growth to 7.39M.Earnings reports from the last fiscal year show that sales brought in 6.4M and 4.2M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 25.00% before jumping 76.07% in the following quarter.
LICY Dividends
Li-Cycle Holdings Corp has its next earnings report out in January. 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 (NYSE:LICY)’s Major holders
Li-Cycle Holdings Corp insiders hold 23.54% of total outstanding shares, with institutional holders owning 10.83% of the shares at 14.16% float percentage. In total, 10.83% institutions holds shares in the company, led by. As of 2024-06-30, the company held over 19605.0 shares (or 0.011% of shares), all amounting to roughly $13247.0.
The next major institution holding the largest number of shares is IFP ADVISORS, INC with 189.0 shares, or about 0.0001% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $90.0.
We also have Primecap Odyssey Aggressive Growth Fund and GMO Resources Fund as the top two Mutual Funds with the largest holdings of the Li-Cycle Holdings Corp (LICY) shares. Going by data provided on Sep 30, 2024, Primecap Odyssey Aggressive Growth Fund holds roughly 390.3 shares. This is just over 1.68% of the total shares, with a market valuation of $0.65 million. Data from the same date shows that the other fund manager holds a little less at 217.51, or 0.94% of the shares, all valued at about 0.36 million.
