Li-Cycle Holdings Corp (NYSE: LICY) is 61.88% higher on its value in year-to-date trading and has touched a low of $0.35 and a high of $6.16 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The LICY stock was last observed hovering at around $0.86 in the last trading session, with the day’s gains setting it 0.09%.
Currently trading at $0.95, the stock is 35.78% and 75.46% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 14.73 million and changing 9.51% at the moment leaves the stock -63.82% off its SMA200. LICY registered -80.56% loss for a year compared to 6-month loss of -75.47%. The firm has a 50-day simple moving average (SMA 50) of $24.58 and a 200-day simple moving average (SMA200) of -$3.71.
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The stock witnessed a 136.68% gain in the last 1 month and extending the period to 3 months gives it a 57.89%, and is -29.87% 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 21.56% over the week and 21.71% over the month.
Li-Cycle Holdings Corp (LICY) has around 384 employees, a market worth around $169.51M and $18.30M in sales. Profit margin for the company is -754.10%. Distance from 52-week low is 170.49% and -84.62% from its 52-week high. The company has generated returns on investments over the last 12 months (-19.09%).
Li-Cycle Holdings Corp quarterly earnings per share for the current quarter are estimated at -$0.18 with sales reaching $6.87M over the same period.The EPS is expected to grow by 25.34% this year, but quarterly earnings will post 26.30% year-over-year. Quarterly sales are estimated to shrink -15.40% in year-over-year returns.
Li-Cycle Holdings Corp (LICY) Top Institutional Holders
198 institutions hold shares in Li-Cycle Holdings Corp (LICY), with institutional investors hold 47.56% of the company’s shares. The shares outstanding are 178.20M, and float is at 120.30M with Short Float at 12.37%. Institutions hold 37.20% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 9.79 million shares valued at $9.27 million. The investor’s holdings represent 5.47% of the LICY Shares outstanding. As of Dec 30, 2023, the second largest holder is BNP Paribas Asset Management Holding S.A. with 9.1 million shares valued at $8.62 million to account for 5.08% of the shares outstanding. The other top investors are Grantham, Mayo, Van Otterloo & Co. LLC which holds 6.17 million shares representing 3.45% and valued at over $5.84 million, while Primecap Management Company holds 1.83% of the shares totaling 3.28 million with a market value of $3.11 million.
Li-Cycle Holdings Corp (LICY) Insider Activity
The most recent transaction is an insider sale by Simpson Debbie,the company’sChief Financial Officer. SEC filings show that Simpson Debbie sold 81,845 shares of the company’s common stock on Feb 01 ’24 at a price of $0.41 per share for a total of $33777.0. Following the sale, the insider now owns 0.36 million shares.
Li-Cycle Holdings Corp disclosed in a document filed with the SEC on Feb 01 ’24 that Johnston Timothy (Executive Chairman & Director) sold a total of 10,929 shares of the company’s common stock. The trade occurred on Feb 01 ’24 and was made at $0.41 per share for $4510.0. Following the transaction, the insider now directly holds 0.56 million shares of the LICY stock.
Still, SEC filings show that on Feb 01 ’24, Kochhar Ajay (President and CEO) disposed off 10,929 shares at an average price of $0.41 for $4510.0. The insider now directly holds 275,365 shares of Li-Cycle Holdings Corp (LICY).
