The trading price of Li-Cycle Holdings Corp (NYSE:LICY) closed higher on Monday, April 22, closing at $0.72, 8.54% higher than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $6.16 and a 52-week low of $0.35. Over the past month, the stock has lost -43.85% in value.
Li-Cycle Holdings Corp, whose market valuation is $129.69 million at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -$0.13 per share this quarter, however they have predicted annual earnings per share of -$0.49 for 2024 and -$0.44 for 2025. It means analysts are expecting annual earnings per share growth of 37.20% this year and 10.20% next year.
Analysts have forecast the company to bring in revenue of $5.81 million for the current quarter, with the likely lows of $4.51 million and highs of $7.1 million. The average estimate suggests sales will likely down by -28.40% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2024 is $19.72 million. The company’s revenue is forecast to grow by 7.80% over what it did in 2024.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Li-Cycle Holdings Corp 1 upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest LICY has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 50% Sell.
A quick review shows that LICY’s price is currently -24.21% off the SMA20 and 0.39% off the SMA50. The RSI metric on the 14-day chart is currently showing 42.79, and weekly volatility stands at 15.50%. When measured over the past 30 days, the indicator reaches 16.54%. Li-Cycle Holdings Corp (NYSE:LICY)’s beta value is currently sitting at 1.54, while the Average True Range indicator is currently displaying 0.15.
To see how Li-Cycle Holdings Corp stock has been performing in comparison to its peers in the industry, here are the numbers: LICY stock’s performance was 8.54% in the latest trading, and -85.10% in the past year.
An evaluation of the daily trading volume of Li-Cycle Holdings Corp (NYSE:LICY) indicates that the 3-month average is 8.45 million.
Currently, records show that 178.20 million of the company’s shares remain outstanding. The insiders hold 32.66% of outstanding shares, whereas institutions hold 32.65%. However, since the stock’s price has seen 23.85% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
