Know All About Investing in Li-Cycle Holdings Corp. :When compared to the current 1-year high of $14.28, Li-Cycle Holdings Corp. (NYSE:LICY) increased by 4.86 percent from its latest closing price. In the last five trading sessions, the company’s stock price has gained 0.14 percent. EVs Could Jump-Start Li-Stock, Cycle’s according to Barron’s on 09/27/21.
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Is it worth investing in Li-Cycle Holdings Corp. (NYSE:LICY)?
Table of Contents
Six analysts out of eight that issued ratings for Li-Cycle Holdings Corp. proclaimed the company to be a “buy,” while 0 rated it as “overweight,” 2 rated it as “hold,” and 0 rated it as “sell.”
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Analysts’ average price is $12.63, which is $5.5 higher than the current price.
LICY has a current public float of 117.52 million dollars, with shorts holding 4.55 percent of that float. The average trading volume of LICY today was 1.91 million shares.
Market Performance of LICY
LICY stock rose 0.14 percent this week, with a monthly gain of 0.14 percent and a quarterly gain of -11.11 percent, while its yearly performance rate was -39.56 percent.
For Li-Cycle Holdings Corp., the volatility ratio over the week is 7.59 percent, while the volatility levels for the past 30 days are 7.07 percent.
For LICY stocks, the simple moving average for the last 20 days is -5.93 percent, while the simple moving average for the previous 200 days is -22.62 percent.
Analysts’ Take on LICY
LICY stocks have already been reported by a number of brokerage firms, with Morgan Stanley repeating the rating of “Equal-Weight” for LICY.
According to Morgan Stanley, the expected price for LICY in the coming time is $10, based on a research study published on February 10th, 2022.
In contrast, Chardan Capital Markets wrote in a research note that they expect LICY to reach a price objective of $17.
According to the research published on November 23rd, 2021, they have given LICY stocks a “Buy” rating.
In a research released on November 12th of the previous year, Piper Sandler assigned LICY a “Overweight” rating and put the target price at $18.
LICY Trading at -2.81% from the 50-Day Moving Average
Following a market stumble that sent LICY to its 52-week low price, the company has been unable to recover, closing with a -50.14 percent loss for the time.
The volatility rate was left at 7.07 percent, but it climbed by 7.59 percent over the last 30 days, as shares surged +3.04 percent for the moving average during the last 20 days.
In opposition, the stock is currently trading -10.66 percent lower over the last 50 days.
LICY climbed by 0.14 percent in the previous five trading sessions, changing the 200-day moving average by -21.76 percent in contrast to the 20-day moving average, which finished at $7.58.
Furthermore, Li-Cycle Holdings Corp. saw a -28.51 percent flip in a single year, with a proclivity to reduce further losses.
LICY Stock Fundamentals
The company’s current profitability levels are as follows:
The current operating margin is -431.97.
The gross margin is -221.70.
Li-Cycle Holdings Corp. has a net margin of -3072.04.
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