The stock price of Li-Cycle Holdings Corp (NYSE: LICY) has dropped by -2.93 compared to previous close of 0.65. Despite this, the company has seen a fall of -59.81% in its stock price over the last five trading days. InvestorPlace reported 2023-11-14 that New concerns regarding its expansion into the United States are pushing Li-Cycle Holdings (NYSE: LICY ) stock down today. The Toronto-based battery recycling company recently reported third-quarter earnings.
Is It Worth Investing in Li-Cycle Holdings Corp (NYSE: LICY) Right Now?
The 36-month beta value for LICY is also noteworthy at 1.11. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 5 rating it as “hold,” and 1 rating it as “sell.”
The average price estimated by analysts for LICY is $1.09, which is $0.45 above than the current price. The public float for LICY is 121.50M, and at present, short sellers hold a 11.65% of that float. The average trading volume of LICY on November 20, 2023 was 3.93M shares.
LICY’s Market Performance
The stock of Li-Cycle Holdings Corp (LICY) has seen a -59.81% decrease in the past week, with a -73.55% drop in the past month, and a -85.62% fall in the past quarter. The volatility ratio for the week is 41.65%, and the volatility levels for the past 30 days are at 23.35% for LICY. The simple moving average for the past 20 days is -54.89% for LICY’s stock, with a -86.49% simple moving average for the past 200 days.
LICY Trading at -76.74% 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 -90.47% of loss for the given period.
Volatility was left at 23.35%, however, over the last 30 days, the volatility rate increased by 41.65%, as shares sank -72.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -86.37% lower at present.
During the last 5 trading sessions, LICY fell by -59.81%, which changed the moving average for the period of 200-days by -89.57% in comparison to the 20-day moving average, which settled at $1.3076. In addition, Li-Cycle Holdings Corp saw -86.83% 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:
- -829.85 for the present operating margin
- -535.07 for the gross margin
The net margin for Li-Cycle Holdings Corp stands at -400.00. The total capital return value is set at -15.90, while invested capital returns managed to touch -7.71. Equity return is now at value -57.76, with -28.69 for asset returns.
Based on Li-Cycle Holdings Corp (LICY), the company’s capital structure generated 68.90 points at debt to equity in total, while total debt to capital is 40.79. Total debt to assets is 38.57, with long-term debt to equity ratio resting at 67.85. Finally, the long-term debt to capital ratio is 40.17.
When we switch over and look at the enterprise to sales, we see a ratio of -8.47, with the company’s debt to enterprise value settled at 0.44. The receivables turnover for the company is 1.87 and the total asset turnover is 0.02. The liquidity ratio also appears to be rather interesting for investors as it stands at 12.92.
In summary, Li-Cycle Holdings Corp (LICY) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.