In today’s recent session, 1.25 million shares of the Li-Cycle Holdings Corp (NYSE:LICY) have been traded, and its beta is 1.42. Most recently the company’s share price was $1.91, and it changed around -$0.07 or -3.28% from the last close, which brings the market valuation of the company to $50.32M. LICY at last check was trading at a discount to its 52-week high of $15.36, offering almost -704.19% off that amount. The share price’s 52-week low was $1.22, which indicates that the recent value has risen by an impressive 36.13% since then. We note from Li-Cycle Holdings Corp’s average daily trading volume that its 10-day average is 1.52 million shares, with the 3-month average coming to 1.36 million.
Li-Cycle Holdings Corp stock received a consensus recommendation rating of Hold, based on a mean score of 3.00. If we narrow it down even further, the data shows that 0 out of 3 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 2 recommended LICY as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. Li-Cycle Holdings Corp is expected to report earnings per share of -0.61 for the current quarter.
Li-Cycle Holdings Corp (NYSE:LICY) trade information
Instantly LICY has been showing red trend so far today with a performance of -3.28% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 2.0600 on recent trading dayincreased the stock’s daily price by 7.28%. The company’s shares are currently down -59.07% year-to-date, but still up 29.39% over the last five days. On the other hand, Li-Cycle Holdings Corp (NYSE:LICY) is -11.75% down in the 30-day period. We can see from the shorts that 1.64 million shares have been sold at a short interest cover period of 1.56 day(s).
The consensus price target as assigned by Wall Street analysts is $8, which translates to bulls needing to increase their stock price by 76.12% from its current value. Analyst projections state that LICY is forecast to be at a low of $7 and a high of $13.
Li-Cycle Holdings Corp (LICY) estimates and forecasts
The year-over-year growth rate is expected to be 58.47%, up from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 8M in revenue for the current quarter. 1 analysts expect Li-Cycle Holdings Corp to make 7.39M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 6.4M and 4.2M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 25.00%. Forecasts for the next quarter put sales growth at 76.07%.
LICY Dividends
Li-Cycle Holdings Corp’s next quarterly earnings report is expected to be released in January.
Li-Cycle Holdings Corp (NYSE:LICY)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 23.54% of Li-Cycle Holdings Corp shares, and 10.83% of them are in the hands of institutional investors. The stock currently has a share float of 14.16%. Li-Cycle Holdings Corp stock is held by 80.0 institutions, with being the largest institutional investor. By 2024-06-30, it held 0.011% of the shares, which is about 19605.0 shares worth $13247.0.
IFP ADVISORS, INC, with 0.0001% or 189.0 shares worth $90.0 as of 2024-06-30, holds the second largest percentage of outstanding shares.
Primecap Odyssey Aggressive Growth Fund and GMO Resources Fund were the top two Mutual Funds as of Sep 30, 2024. The former held 390.3 shares worth $0.75 million, making up 1.68% of all outstanding shares. On the other hand, GMO Resources Fund held roughly 217.51 shares worth around $0.42 million, which represents about 0.94% of the total shares outstanding.
