Li-Cycle Holdings Corp [NYSE: LICY] traded at a high on Thursday, posting a 1.98 gain after which it closed the day’ session at $1.03.
The results of the trading session contributed to over 5351866 shares changing hands. Over the past one week, the price volatility of Li-Cycle Holdings Corp stands at 6.66% while the volatility over the past one month is 13.83%.
The market cap for LICY stock reached $36.49 million, with 35.43 million shares outstanding and 25.46 million shares in the current float. Compared to the average trading volume of 2.07M shares, LICY reached a trading volume of 5351866 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus 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 $2.25 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 1.33. The Price to Book ratio for the last quarter was 0.08, with the Price to Cash per share for the same quarter was set at 1.19.
How has LICY stock performed recently?
Li-Cycle Holdings Corp [LICY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.96. With this latest performance, LICY shares dropped by -47.98% in over the last four-week period, additionally sinking by -70.57% over the last 6 months – not to mention a drop of -74.80% 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 34.03, with the RSI for the last a single of trading hit 30.49, and the three-weeks RSI is set at 37.00 for Li-Cycle Holdings Corp [LICY]. The present Moving Average for the last 50 days of trading for this stock 1.7072, while it was recorded at 1.0400 for the last single week of trading, and 3.0418 for the last 200 days.
Li-Cycle Holdings Corp [LICY]: Deeper insight into the fundamentals
Li-Cycle Holdings Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.54 and a Current Ratio set at 0.60.
Earnings analysis for Li-Cycle Holdings Corp [LICY]
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. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Li-Cycle Holdings Corp go to 29.35%.
Insider trade positions for Li-Cycle Holdings Corp [LICY]
There are presently around $7.08%, or 8.37%% of LICY stock, in the hands of institutional investors. The top three institutional holders of LICY stocks are: with ownership of 19605.0 shares, which is approximately 0.011%. IFP ADVISORS, INC, holding 189.0 shares of the stock with an approximate value of $$90.0 in LICY stocks shares; and IFP ADVISORS, INC, currently with $$731.0 in LICY stock with ownership which is approximately 0.0001%.
