In the last trading session, 1.28 million Li-Cycle Holdings Corp (NYSE:LICY) shares changed hands as the company’s beta touched 1.43. With the company’s per share price at $1.58 changed hands at -$0.23 or -12.71% during last session, the market valuation stood at $36.69M. LICY’s last price was a discount, traded about -872.15% off its 52-week high of $15.36. The share price had its 52-week low at $1.22, which suggests the last value was 22.78% up since then. When we look at Li-Cycle Holdings Corp’s average trading volume, we note the 10-day average is 2.16 million shares, with the 3-month average coming to 1.55 million.
Analysts gave the Li-Cycle Holdings Corp (LICY) stock a consensus recommendation rating of Buy, calculated at a mean rating of 3.00. If we narrow down to specifics, the data shows that 0 out of 3 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended LICY as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. Li-Cycle Holdings Corp’s EPS for the current quarter is expected to be -0.61.
Li-Cycle Holdings Corp (NYSE:LICY) trade information
Instantly LICY was in red as seen at the end of in last trading. With action -31.30%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -11.73%, with the 5-day performance at -31.30% in the red. However, in the 30-day time frame, Li-Cycle Holdings Corp (NYSE:LICY) is -7.60% down. Looking at the short shares, we see there were 1.64 million shares sold at short interest cover period of 1.56 days.
The consensus price target for the stock as assigned by Wall Street analysts is 8, meaning bulls need an upside of 80.25% from its current market value. According to analyst projections, LICY’s forecast low is 7 with 13 as the target high. To hit the forecast high, the stock’s price needs a -722.78% plunge from its current level, while the stock would need to soar -343.04% for it to hit the projected low.
Li-Cycle Holdings Corp (LICY) estimates and forecasts
Year-over-year growth is forecast to reach 58.47% up from the last financial year.
Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 8M. 1 analysts are of the opinion that Li-Cycle Holdings Corp’s revenue for the current quarter will be 7.39M. The company’s revenue for the corresponding quarters a year ago was 6.4M and 4.2M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 25.00%. The estimates for the next quarter sales put growth at 76.07%.
The 2025 estimates are for Li-Cycle Holdings Corp earnings to increase by 61.49%.
LICY Dividends
Li-Cycle Holdings Corp is expected to release its next quarterly earnings report in February.
Li-Cycle Holdings Corp (NYSE:LICY)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 23.54% of Li-Cycle Holdings Corp shares while 10.85% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 14.19%. There are 10.85% institutions holding the Li-Cycle Holdings Corp stock share, with the top institutional holder. As of 2024-06-30, the company held 0.011% of the shares, roughly 19605.0 LICY shares worth $13247.0.
IFP ADVISORS, INC holds the second largest percentage of outstanding shares, with 0.0001% or 189.0 shares worth $90.0 as of 2024-06-30.
Among Mutual Funds, the top two as of Aug 31, 2024 were GMO Resources Fund and GMO Climate Change Fund . With 217.51 shares estimated at $0.34 million under it, the former controlled 0.94% of total outstanding shares. On the other hand, GMO Climate Change Fund held about 0.72% of the shares, roughly 166.69 shares worth around $0.26 million.
