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Li-Cycle Holdings Corp (LICY) Is Up 14.11% in 2024 With Lots of Room to Run

Li-Cycle Holdings Corp (NYSE: LICY) is 14.11% 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 $0.70 in the last trading session, with the day’s loss setting it -0.03%.

Currently trading at $0.67, the stock is -32.38% and -6.79% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.0 million and changing -4.69% at the moment leaves the stock -70.11% off its SMA200. LICY registered -86.68% loss for a year compared to 6-month loss of -72.76%.

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The stock witnessed a -47.04% gain in the last 1 month and extending the period to 3 months gives it a 67.37%, and is -22.07% 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 16.12% over the week and 16.80% over the month.

Li-Cycle Holdings Corp (LICY) has around 384 employees, a market worth around $119.48M and $18.30M in sales. Profit margin for the company is -754.10%. Distance from 52-week low is 90.66% and -89.16% from its 52-week high. The company has generated returns on investments over the last 12 months (-19.09%).

The EPS is expected to grow by 37.09% this year.

Li-Cycle Holdings Corp (LICY) Top Institutional Holders

The shares outstanding are 178.20M, and float is at 120.58M with Short Float at 9.88%.

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).

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