Li-Cycle Holdings Corp [NYSE: LICY] closed the trading session at $0.59. The company report on March 12, 2024 at 6:15 AM that Li-Cycle Announces $75 Million Strategic Investment from Glencore.
Builds upon existing long-term partnership and further demonstrates Glencore’s endorsement of Li-Cycle’s Spoke & Hub model, patented recycling technology, and development plans for the Rochester Hub, as part of Glencore’s ambition to bring more circularity to the battery materials space.
Agreement amends existing Glencore convertible note to provide for extended maturity, market-based re-pricing and granting of security interest in two future tranches.
The stocks have a year to date performance of 0.36 percent and weekly performance of 43.29 percent. The stock has been moved at -87.41 percent over the last six months. The stock has performed 36.46 percent around the most recent 30 days and changed -24.10 percent over the most recent 3-months.
If compared to the average trading volume of 3.32M shares, LICY reached to a volume of 60812683 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Li-Cycle Holdings Corp [LICY]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for LICY shares is $2.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on LICY stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
UBS have made an estimate for Li-Cycle Holdings Corp shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on November 16, 2023. The new note on the price target was released on November 16, 2023, representing the official price target for Li-Cycle Holdings Corp stock.
The Average True Range (ATR) for Li-Cycle Holdings Corp is set at 0.05, with the Price to Sales ratio for LICY stock in the period of the last 12 months amounting to 7.02. The Price to Book ratio for the last quarter was 0.34, with the Price to Cash per share for the same quarter was set at 0.77.
LICY stock trade performance evaluation
Li-Cycle Holdings Corp [LICY] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 43.29. With this latest performance, LICY shares gained by 36.46% in over the last four-week period, additionally sinking by -87.41% over the last 6 months – not to mention a drop of -88.69% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for LICY stock in for the last two-week period is set at 66.46, with the RSI for the last a single of trading hit 75.16, and the three-weeks RSI is set at 58.11 for Li-Cycle Holdings Corp [LICY]. The present Moving Average for the last 50 days of trading for this stock 0.4543, while it was recorded at 0.4476 for the last single week of trading, and 2.7903 for the last 200 days.
Li-Cycle Holdings Corp [LICY]: An insightful look at the core fundamentals
Li-Cycle Holdings Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.86 and a Current Ratio set at 1.90.
Earnings per share (EPS) analysis for Li-Cycle Holdings Corp [LICY] stock
With the latest financial reports released by the company, Li-Cycle Holdings Corp posted -0.19/share EPS, while the average EPS was predicted by analysts to be reported at -0.15/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -26.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for LICY.
Li-Cycle Holdings Corp [LICY]: Institutional Ownership
The top three institutional holders of LICY stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in LICY stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in LICY stock with ownership which is approximately 5.8325%.
