Li-Cycle Holdings Corp (NYSE: LICY)’s stock price has gone rise by 2.61 in comparison to its previous close of 1.53, however, the company has experienced a 3.33% increase in its stock price over the last five trading days. businesswire.com reported 2024-12-04 that TORONTO–(BUSINESS WIRE)–Li-Cycle Holdings Corp. (NYSE: LICY) (“Li-Cycle” or the “Company”), a leading global lithium-ion battery resource recovery company, is pleased to announce that the Company and Glencore International AG, a wholly-owned subsidiary of Glencore plc (LON: GLEN) (together with its subsidiaries, “Glencore”), a leading producer, recycler and marketer of nickel and cobalt for the production of lithium-ion batteries, are resuming their collaboration to assess the technical and e.
Is It Worth Investing in Li-Cycle Holdings Corp (NYSE: LICY) Right Now?
Company’s 36-month beta value is 1.46.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 1 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for LICY is 16.69M, and currently, short sellers hold a 9.80% ratio of that floaft. The average trading volume of LICY on December 26, 2024 was 1.24M shares.
LICY’s Market Performance
LICY stock saw a decrease of 3.33% in the past week, with a monthly decline of -27.91% and a quarterly a decrease of -15.76%. The volatility ratio for the week is 9.83%, and the volatility levels for the last 30 days are 9.11% for Li-Cycle Holdings Corp (LICY). The simple moving average for the last 20 days is -9.59% for LICY’s stock, with a simple moving average of -58.53% for the last 200 days.
LICY Trading at -27.84% 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 -89.78% of loss for the given period.
Volatility was left at 9.11%, however, over the last 30 days, the volatility rate increased by 9.83%, as shares sank -32.91% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -30.53% lower at present.
During the last 5 trading sessions, LICY rose by +4.67%, which changed the moving average for the period of 200-days by -51.07% in comparison to the 20-day moving average, which settled at $1.7375. In addition, Li-Cycle Holdings Corp saw -66.87% 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 Spollen Conor, who sale 4,970 shares at the price of $1.89 back on Dec 03 ’24. After this action, Spollen Conor now owns 92,699 shares of Li-Cycle Holdings Corp, valued at $9,379 using the latest closing price.
Wellings Mark, the Director of Li-Cycle Holdings Corp, purchase 6,250 shares at $1.45 during a trade that took place back on Sep 13 ’24, which means that Wellings Mark is holding 110,908 shares at $9,031 based on the most recent closing price.
Stock Fundamentals for LICY
Current profitability levels for the company are sitting at:
- -5.77 for the present operating margin
- -3.08 for the gross margin
The net margin for Li-Cycle Holdings Corp stands at -0.77. The total capital return value is set at -0.22. 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 0.54 points at debt to capital in total, while cash flow to debt ratio is standing at -0.32. The debt to equity ratio resting at 1.16. The interest coverage ratio of the stock is -3.56.
Currently, EBITDA for the company is -150.9 million with net debt to EBITDA at -4.04. When we switch over and look at the enterprise to sales, we see a ratio of 16.06. The receivables turnover for the company is 2.91for trailing twelve months and the total asset turnover is 0.03. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.60.
Conclusion
In a nutshell, Li-Cycle Holdings Corp (LICY) has experienced a bad performance in recent times. The stock has received mixed “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.
