Li-Cycle Holdings Corp. (NYSE: LICY) is -35.44% lower on its value in year-to-date trading and has touched a low of $5.87 and a high of $14.28 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The LICY stock was last observed hovering at around $6.20 in the last trading session, with the day’s gains setting it 0.23% off its average median price target of $10.00 for the next 12 months. It is also 50.54% off the consensus price target high of $13.00 offered by 9 analysts, but current levels are 19.63% higher than the price target low of $8.00 for the same period.
Currently trading at $6.43, the stock is -7.23% and -7.92% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.35 million and changing 3.71% at the moment leaves the stock -16.87% off its SMA200. LICY registered -34.72% loss for a year compared to 6-month loss of -25.32%.
The stock witnessed a -3.89% gain in the last 1 month and extending the period to 3 months gives it a -14.04%, and is -4.32% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 7.29% over the week and 6.15% over the month.
Li-Cycle Holdings Corp. (LICY) has around 155 employees, a market worth around $1.18B and $14.90M in sales. Distance from 52-week low is 9.54% and -54.97% from its 52-week high. The company has generated returns on investments over the last 12 months (-6.00%).
Li-Cycle Holdings Corp. (LICY) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Li-Cycle Holdings Corp. (LICY) is a “Buy”. 9 analysts offering their recommendations for the stock have an average rating of 2.00, where 2 rate it as a Hold and 0 think it is a “Overweight”. 7 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Li-Cycle Holdings Corp. is expected to release its quarterly report on 01/26/2023.The EPS is expected to shrink by -34.30% this year
Li-Cycle Holdings Corp. (LICY) Top Institutional Holders
The shares outstanding are 174.38M, and float is at 136.53M with Short Float at 6.42%.
Li-Cycle Holdings Corp. (LICY) Insider Activity
A total of 27 insider transactions have happened at Li-Cycle Holdings Corp. (LICY) in the last six months, with sales accounting for 11 and purchases happening 16 times.