The stock price of Li-Cycle Holdings Corp (NYSE: LICY) has plunged by -5.66 when compared to previous closing price of 0.72, but the company has seen a 3.85% gain in its stock price over the last five trading sessions. Business Wire reported 2024-05-06 that TORONTO–(BUSINESS WIRE)–Li-Cycle Holdings Corp. (NYSE: LICY) (“Li-Cycle” or the “Company”), a leading global lithium-ion battery resource recovery company, today announced plans to release its financial results and provide a business update for its first quarter ended March 31, 2024 before market open on Friday, May 10, 2024. First Quarter 2024 Earnings Call Details Investors may listen to the conference call live via audio-only webcast or through the following dial-in numbers: Domestic: 1 (8.
Is It Worth Investing in Li-Cycle Holdings Corp (NYSE: LICY) Right Now?
LICY has 36-month beta value of 1.54. Analysts have mixed views 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 121.88M, and currently, short sellers hold a 9.54% ratio of that float. The average trading volume of LICY on May 07, 2024 was 8.39M shares.
LICY’s Market Performance
LICY’s stock has seen a 3.85% increase for the week, with a -39.80% drop in the past month and a 70.97% gain in the past quarter. The volatility ratio for the week is 6.59%, and the volatility levels for the past 30 days are at 11.61% for Li-Cycle Holdings Corp The simple moving average for the last 20 days is -13.72% for LICY stock, with a simple moving average of -64.59% for the last 200 days.
LICY Trading at -12.91% 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 -88.95% of loss for the given period.
Volatility was left at 11.61%, however, over the last 30 days, the volatility rate increased by 6.59%, as shares sank -41.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +70.63% upper at present.
During the last 5 trading sessions, LICY rose by +4.18%, which changed the moving average for the period of 200-days by -88.23% in comparison to the 20-day moving average, which settled at $0.7646. In addition, Li-Cycle Holdings Corp saw 16.33% 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 Wellings Mark, who sale 15,612 shares at the price of $0.66 back on May 01 ’24. After this action, Wellings Mark now owns 169,158 shares of Li-Cycle Holdings Corp, valued at $10,355 using the latest closing price.
Simpson Debbie, the Chief Financial Officer of Li-Cycle Holdings Corp, sale 81,845 shares at $0.41 during a trade that took place back on Feb 01 ’24, which means that Simpson Debbie is holding 357,447 shares at $33,777 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 -8.76, with -4.31 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 21.45. 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 put it simply, Li-Cycle Holdings Corp (LICY) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
