The stock of Li-Cycle Holdings Corp (LICY) has seen a -16.47% decrease in the past week, with a -12.04% drop in the past month, and a 11.66% flourish in the past quarter. The volatility ratio for the week is 11.55%, and the volatility levels for the past 30 days are at 17.88% for LICY. The simple moving average for the last 20 days is -16.04% for LICY stock, with a simple moving average of -45.57% for the last 200 days.
Is It Worth Investing in Li-Cycle Holdings Corp (NYSE: LICY) Right Now?
The 36-month beta value for LICY is at 1.48. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 1 rating it as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for LICY is 16.45M, and currently, shorts hold a 7.52% of that float. The average trading volume for LICY on November 20, 2024 was 1.19M shares.
LICY) stock’s latest price update
Li-Cycle Holdings Corp (NYSE: LICY)’s stock price has decreased by -6.30 compared to its previous closing price of 2.30. However, the company has seen a -16.47% decrease in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-09 that Li-Cycle Holdings Corp (NYSE:LICY ) Q3 2024 Results Conference Call November 7, 2024 4:30 PM ET Company Participants Louie Diaz – Vice President, Investor Relations Ajay Kochhar – President and Chief Executive Officer Craig Cunningham – Chief Financial Officer Operator Hello, everyone, and welcome to the Li-Cycle Holdings Corp. Q3 2024 Financial Results. My name is Charlie, and I’ll be coordinating the call today.
LICY Trading at -6.56% 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 -85.97% of loss for the given period.
Volatility was left at 17.88%, however, over the last 30 days, the volatility rate increased by 11.55%, as shares sank -5.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +52.48% upper at present.
During the last 5 trading sessions, LICY fell by -16.67%, which changed the moving average for the period of 200-days by -32.46% in comparison to the 20-day moving average, which settled at $2.57. In addition, Li-Cycle Holdings Corp saw -53.94% 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 -7.08, with -2.60 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 -0.28. 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 21.8. 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 0.60.
Conclusion
In conclusion, Li-Cycle Holdings Corp (LICY) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
