The stock of Li-Cycle Holdings Corp (LICY) has gone up by 4.08% for the week, with a -25.35% drop in the past month and a 70.33% rise in the past quarter. The volatility ratio for the week is 6.74%, and the volatility levels for the past 30 days are 12.42% for LICY. The simple moving average for the past 20 days is -18.77% for LICY’s stock, with a -65.75% simple moving average for the past 200 days.
Is It Worth Investing in Li-Cycle Holdings Corp (NYSE: LICY) Right Now?
Moreover, the 36-month beta value for LICY is 1.52. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for LICY is 120.88M and currently, short sellers hold a 9.62% of that float. On May 02, 2024, LICY’s average trading volume was 8.45M shares.
LICY) stock’s latest price update
The stock of Li-Cycle Holdings Corp (NYSE: LICY) has increased by 2.83 when compared to last closing price of 0.67. Despite this, the company has experienced a 4.08% gain in its stock price over the last five trading sessions. Market Watch reported 2024-03-26 that Li-Cycle LICY, +9.51% will cut about 17% of its global workforce and reshuffle its leadership after a review of operations to conserve cash.
LICY Trading at -10.42% 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 -88.89% of loss for the given period.
Volatility was left at 12.42%, however, over the last 30 days, the volatility rate increased by 6.74%, as shares sank -32.52% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +51.92% upper at present.
During the last 5 trading sessions, LICY rose by +3.67%, which changed the moving average for the period of 200-days by -88.37% in comparison to the 20-day moving average, which settled at $0.8259. In addition, Li-Cycle Holdings Corp saw 17.00% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at LICY starting from Simpson Debbie, who sale 81,845 shares at the price of $0.41 back on Feb 01 ’24. After this action, Simpson Debbie now owns 357,447 shares of Li-Cycle Holdings Corp, valued at $33,777 using the latest closing price.
Johnston Timothy, the Executive Chairman & Director of Li-Cycle Holdings Corp, sale 10,929 shares at $0.41 during a trade that took place back on Feb 01 ’24, which means that Johnston Timothy is holding 555,256 shares at $4,510 based on the most recent closing price.
Stock Fundamentals for LICY
Current profitability levels for the company are sitting at:
- -15.49 for the present operating margin
- -3.09 for the gross margin
The net margin for Li-Cycle Holdings Corp stands at -7.54. The total capital return value is set at -0.39. Equity return is now at value -31.69, with -15.60 for asset returns.
Based on Li-Cycle Holdings Corp (LICY), the company’s capital structure generated 0.44 points at debt to capital in total, while cash flow to debt ratio is standing at -0.35. The debt to equity ratio resting at 0.78. The interest coverage ratio of the stock is -22.31.
Currently, EBITDA for the company is -150.9 million with net debt to EBITDA at -1.63. When we switch over and look at the enterprise to sales, we see a ratio of 21.48. The receivables turnover for the company is 6.31for trailing twelve months and the total asset turnover is 0.02. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.95.
Conclusion
To wrap up, the performance of Li-Cycle Holdings Corp (LICY) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
