The stock of Li-Cycle Holdings Corp (LICY) has gone up by 49.82% for the week, with a -8.62% drop in the past month and a -30.57% drop in the past quarter. The volatility ratio for the week is 19.74%, and the volatility levels for the past 30 days are 13.34% for LICY. The simple moving average for the past 20 days is 7.02% for LICY’s stock, with a -58.88% 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 1.40. 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.”
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The public float for LICY is 14.51M and currently, short sellers hold a 15.18% of that float. On June 17, 2024, LICY’s average trading volume was 824.39K shares.
LICY) stock’s latest price update
The stock of Li-Cycle Holdings Corp (NYSE: LICY) has increased by 18.44 when compared to last closing price of 3.58.Despite this, the company has seen a gain of 49.82% in its stock price over the last five trading days. businesswire.com reported 2024-06-03 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 that its previously announced consolidation (the “Share Consolidation”) of all of its issued and outstanding common shares (“Shares”) at a ratio of eight (8) pre-consolidation Shares for one (1) post-consolidation Share became effective today. The Company expects the Shares to begin trading on a post-consolidation basis on.
LICY Trading at -20.57% 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 -91.39% of loss for the given period.
Volatility was left at 13.34%, however, over the last 30 days, the volatility rate increased by 19.74%, as shares sank -10.91% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -47.52% lower at present.
During the last 5 trading sessions, LICY rose by +49.82%, which changed the moving average for the period of 200-days by -88.68% in comparison to the 20-day moving average, which settled at $3.94. In addition, Li-Cycle Holdings Corp saw -9.37% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at LICY starting from Wellings Mark, who sale 51,266 shares at the price of $0.54 back on May 28 ’24. After this action, Wellings Mark now owns 410,244 shares of Li-Cycle Holdings Corp, valued at $27,827 using the latest closing price.
Wellings Mark, the Director of Li-Cycle Holdings Corp, sale 15,267 shares at $0.54 during a trade that took place back on May 24 ’24, which means that Wellings Mark is holding 461,510 shares at $8,287 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 -38.07, with -15.20 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 20.0. 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 1.16.
Conclusion
To wrap up, the performance of Li-Cycle Holdings Corp (LICY) has been bad 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.
