The stock price of Li-Cycle Holdings Corp (NYSE: LICY) has dropped by -5.71 compared to previous close of 2.10. Despite this, the company has seen a gain of 7.61% in its stock price over the last five trading days. seekingalpha.com reported 2024-08-09 that Li-Cycle Holdings Corp. (NYSE:LICY ) Q2 2024 Earnings Conference Call August 8, 2024 8:30 AM ET Company Participants Louie Diaz – Vice President, Investor Relations Ajay Kochhar – President and Chief Executive Officer Craig Cunningham – Chief Financial Officer Conference Call Participants Doug Paul – LPL Financial Matthew O’Keefe – Cantor Fitzgerald Operator Good day. My name is Ashley, and I will be your conference operator today.
Is It Worth Investing in Li-Cycle Holdings Corp (NYSE: LICY) Right Now?
The 36-month beta value for LICY is also noteworthy at 1.55. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 3 rating it as “hold,” and 0 rating it as “sell.”
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The public float for LICY is 15.93M, and at present, short sellers hold a 9.21% of that float. The average trading volume of LICY on October 03, 2024 was 534.73K shares.
LICY’s Market Performance
LICY stock saw an increase of 7.61% in the past week, with a monthly gain of 54.69% and a quarterly increase of -57.51%. The volatility ratio for the week is 10.55%, and the volatility levels for the last 30 days are 14.91% for Li-Cycle Holdings Corp (LICY). The simple moving average for the past 20 days is 9.82% for LICY’s stock, with a -53.78% simple moving average for the past 200 days.
LICY Trading at -12.84% 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 -93.03% of loss for the given period.
Volatility was left at 14.91%, however, over the last 30 days, the volatility rate increased by 10.55%, as shares surge +48.87% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -47.48% lower at present.
During the last 5 trading sessions, LICY rose by +7.61%, which changed the moving average for the period of 200-days by -65.14% in comparison to the 20-day moving average, which settled at $1.84. In addition, Li-Cycle Holdings Corp saw -57.68% 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 purchase 6,250 shares at the price of $1.45 back on Sep 13 ’24. After this action, Wellings Mark now owns 110,908 shares of Li-Cycle Holdings Corp, valued at $9,031 using the latest closing price.
Wellings Mark, the Director of Li-Cycle Holdings Corp, sale 6,250 shares at $2.51 during a trade that took place back on Aug 13 ’24, which means that Wellings Mark is holding 45,030 shares at $15,669 based on the most recent closing price.
Stock Fundamentals for LICY
Current profitability levels for the company are sitting at:
- -16.62 for the present operating margin
- -3.56 for the gross margin
The net margin for Li-Cycle Holdings Corp stands at -6.7. The total capital return value is set at -0.33. Equity return is now at value -62.53, with -23.68 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 -0.28. The debt to equity ratio resting at 0.78. The interest coverage ratio of the stock is -29.79.
Currently, EBITDA for the company is -150.9 million with net debt to EBITDA at -1.99. 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 5.07for 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 0.75.
Conclusion
In summary, Li-Cycle Holdings Corp (LICY) has had a mixed 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.
