Li-Cycle Holdings Corp. (NYSE:LICY) went up by 6.12% from its latest closing price compared to the recent 1-year high of $15.74. The company’s stock price has collected 4.61% of gains in the last five trading sessions. Press Release reported on 01/11/22 that Li-Cycle Announces “Redemption Fair Market Value” in Connection with Redemption of its Outstanding Warrants
Is It Worth Investing in Li-Cycle Holdings Corp. (NYSE :LICY) Right Now?
Opinions of the stock are interesting as 5 analysts out of 6 who provided ratings for Li-Cycle Holdings Corp. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 1 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $14.67, which is $5.46 above the current price. LICY currently public float of 76.73M and currently shorts hold a 4.95% ratio of that float. Today, the average trading volume of LICY was 1.58M shares.
LICY’s Market Performance
LICY stocks went up by 4.61% for the week, with a monthly drop of -17.55% and a quarterly performance of -13.27%, while its annual performance rate touched -17.47%. The volatility ratio for the week stands at 6.33% while the volatility levels for the past 30 days are set at 6.86% for Li-Cycle Holdings Corp.. The simple moving average for the period of the last 20 days is -1.99% for LICY stocks with a simple moving average of -11.41% for the last 200 days.
Analysts’ Opinion of LICY
Many brokerage firms have already submitted their reports for LICY stocks, with Chardan Capital Markets repeating the rating for LICY by listing it as a “Buy.” The predicted price for LICY in the upcoming period, according to Chardan Capital Markets is $17 based on the research report published on November 23rd of the previous year 2021.
Piper Sandler, on the other hand, stated in their research note that they expect to see LICY reach a price target of $18. The rating they have provided for LICY stocks is “Overweight” according to the report published on November 12th, 2021.
Citigroup gave a rating of “Buy” to LICY, setting the target price at $15 in the report published on October 18th of the previous year.
LICY Trading at -17.14% from the 50-Day Moving Average
After a stumble in the market that brought LICY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -39.39% of loss for the given period.
Volatility was left at 6.86%, however, over the last 30 days, the volatility rate increased by 6.33%, as shares sank -12.07% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -28.11% lower at present.
During the last 5 trading sessions, LICY rose by +4.61%, which changed the moving average for the period of 200-days by -9.40% in comparison to the 20-day moving average, which settled at $9.67. In addition, Li-Cycle Holdings Corp. saw -4.22% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for LICY
The liquidity ratio also appears to be rather interesting for investors as it stands at 3.80.