Li-Cycle Holdings Corp (NYSE:LICY) shares, rose in value, with the stock price down by -2.33% to the previous day’s close as strong demand from buyers drove the stock to $0.66.
Actively observing the price movement in the last trading, the stock closed the session at $0.67. Referring to stock’s 52-week performance, its high was $6.16, and the low was $0.35. On the whole, LICY has fluctuated by -30.56% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 19.72M, with a low estimate of 4.51M and a high estimate of 7.1M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 5.81M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that LICY’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of LICY currently trading nearly -28.08% and -10.90% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 39.76, while the 7-day volatility ratio is showing 12.62% which for the 30-day chart, stands at 14.61%. Furthermore, Li-Cycle Holdings Corp (LICY)’s beta value is 1.50, and its average true range (ATR) is 0.13.
A comparison of Li-Cycle Holdings Corp (LICY) with its peers suggests the former has fared considerably weaker in the market. LICY showed an intraday change of -2.33% in last session, and over the past year, it shrunk by -85.89%%.
Data on historical trading for Li-Cycle Holdings Corp (NYSE:LICY) indicates that the trading volumes over the past 3 months, they’ve averaged 8.40 million. According to company’s latest data on outstanding shares, there are 178.20 million shares outstanding.
Nearly 32.66% of Li-Cycle Holdings Corp’s shares belong to company insiders and institutional investors own 32.67% of the company’s shares. The stock has risen by 12.41% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the LICY stock heading into the next quarter.
