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Can Li-Cycle Holdings Corp. (LICY) Remain Competitive?

Li-Cycle Holdings Corp. (NYSE:LICY) went up by 0.49% from its latest closing price compared to the recent 1-year high of $14.28. The company’s stock price has collected -12.80% of loss in the last five trading sessions. Barron’s reported on 09/27/21 that EVs Could Jump-Start Li-Cycle’s Stock

Is It Worth Investing in Li-Cycle Holdings Corp. (NYSE :LICY) Right Now?

Opinions of the stock are interesting as 7 analysts out of 9 who provided ratings for Li-Cycle Holdings Corp. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 2 rated it as “hold,” and 0 as “sell.”

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The average price from analysts is $9.89, which is $3.92 above the current price. LICY currently public float of 136.53M and currently shorts hold a 6.42% ratio of that float. Today, the average trading volume of LICY was 1.69M shares.

LICY’s Market Performance

LICY stocks went down by -12.80% for the week, with a monthly drop of -11.43% and a quarterly performance of -18.31%, while its annual performance rate touched -34.60%. The volatility ratio for the week stands at 8.04% while the volatility levels for the past 30 days are set at 5.81% for Li-Cycle Holdings Corp. The simple moving average for the period of the last 20 days is -10.86% for LICY stocks with a simple moving average of -20.14% for the last 200 days.

Analysts’ Opinion of LICY

Many brokerage firms have already submitted their reports for LICY stocks, with Piper Sandler repeating the rating for LICY by listing it as a “Overweight.” The predicted price for LICY in the upcoming period, according to Piper Sandler is $10 based on the research report published on September 20th of the current year 2022.

Morgan Stanley, on the other hand, stated in their research note that they expect to see LICY reach a price target of $10. The rating they have provided for LICY stocks is “Equal-Weight” according to the report published on February 10th, 2022.

Chardan Capital Markets gave a rating of “Buy” to LICY, setting the target price at $17 in the report published on November 23rd of the previous year.

LICY Trading at -11.17% 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 -56.58% of loss for the given period.

Volatility was left at 5.81%, however, over the last 30 days, the volatility rate increased by 8.04%, as shares sank -7.32% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.16% upper at present.

During the last 5 trading sessions, LICY fell by -12.80%, which changed the moving average for the period of 200-days by -48.42% in comparison to the 20-day moving average, which settled at $6.93. In addition, Li-Cycle Holdings Corp. saw -37.75% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for LICY

Current profitability levels for the company are sitting at:

  • -431.97 for the present operating margin
  • -221.70 for the gross margin

The net margin for Li-Cycle Holdings Corp. stands at -3072.04.

The liquidity ratio also appears to be rather interesting for investors as it stands at 28.35.

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