Li-Cycle Holdings Corp [NYSE: LICY] loss -4.71% on the last trading session, reaching $0.94 price per share at the time. The company report on March 26, 2024 at 4:15 PM that Li-Cycle Provides Organizational Structure Update.
Li-Cycle to transition from regional to centralized management model to increase efficiencies.
Li-Cycle expected to generate approximately $10 million in cost savings on an annualized basis through workforce reduction.
If compared to the average trading volume of 8.42M shares, LICY reached a trading volume of 5711100 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $1.10 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 0.18, with the Price to Sales ratio for LICY stock in the period of the last 12 months amounting to 9.23. The Price to Book ratio for the last quarter was 0.45, with the Price to Cash per share for the same quarter was set at 0.45.
Trading performance analysis for LICY stock
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 9.14. With this latest performance, LICY shares gained by 122.05% in over the last four-week period, additionally sinking by -73.42% over the last 6 months – not to mention a drop of -82.78% 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 55.92, with the RSI for the last a single of trading hit 53.02, and the three-weeks RSI is set at 56.38 for Li-Cycle Holdings Corp [LICY]. The present Moving Average for the last 50 days of trading for this stock 0.5874, while it was recorded at 0.9635 for the last single week of trading, and 2.5031 for the last 200 days.
Li-Cycle Holdings Corp [LICY]: A deeper dive into fundamental analysis
Li-Cycle Holdings Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.89 and a Current Ratio set at 0.95.
Li-Cycle Holdings Corp [LICY]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Li-Cycle Holdings Corp posted -0.22/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 -46.70%. 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.
An analysis of Institutional ownership at Li-Cycle Holdings Corp [LICY]
The top three institutional holders of LICY stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in LICY stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in LICY stock with ownership which is approximately 5.8386%.
