Should I buy or sell Li-Cycle stock right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Li-Cycle in the last year. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" LICY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LICY, but not buy additional shares or sell existing shares. View LICY analyst ratings or view top-rated stocks .

What is Li-Cycle's stock price target for 2024?

5 brokerages have issued twelve-month target prices for Li-Cycle's shares. Their LICY share price targets range from $7.00 to $8.00. On average, they expect the company's share price to reach $7.33 in the next year. This suggests a possible upside of 947.5% from the stock's current price. View analysts price targets for LICY or view top-rated stocks among Wall Street analysts .

How have LICY shares performed in 2024?

Li-Cycle's stock was trading at $0.5848 on January 1st, 2024. Since then, LICY shares have increased by 19.7% and is now trading at $0.7001. View the best growth stocks for 2024 here .

Are investors shorting Li-Cycle?

Li-Cycle saw a decrease in short interest in the month of March. As of March 31st, there was short interest totaling 11,910,000 shares, a decrease of 40.7% from the March 15th total of 20,080,000 shares. Based on an average trading volume of 8,310,000 shares, the days-to-cover ratio is presently 1.4 days. Currently, 9.9% of the company's stock are short sold. View Li-Cycle's Short Interest .

When is Li-Cycle's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, May 20th 2024. View our LICY earnings forecast .

How were Li-Cycle's earnings last quarter?

Li-Cycle Holdings Corp. (NYSE:LICY) released its quarterly earnings results on Friday, March, 15th. The company reported $0.38 EPS for the quarter. The company earned $6.40 million during the quarter, compared to analyst estimates of $3.53 million. Li-Cycle had a negative trailing twelve-month return on equity of 13.33% and a negative net margin of 754.10%.

What ETF holds Li-Cycle's stock?

VanEck Environmental Services ETF holds 453,375 shares of LICY stock, representing 3.12% of its portfolio.

Who are Li-Cycle's major shareholders?

Li-Cycle's stock is owned by many different retail and institutional investors. Top institutional investors include Allspring Global Investments Holdings LLC (0.04%). Insiders that own company stock include Carl Deluca, Christopher J Biederman, Debbie Simpson and Timothy Johnston. View institutional ownership trends .

How do I buy shares of Li-Cycle?

Shares of LICY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSE:LICY

Li-Cycle (LICY) Stock Price, News & Analysis

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$0.72

+0.02 (+2.26%)

(As of 11:33 AM ET)

Compare

Today's Range: $0.70
▼
$0.75
50-Day Range: $0.36
▼
$1.34
52-Week Range: $0.35
▼
$6.16

Volume: 1.15 million shs
Average Volume: 7.64 million shs
Market Capitalization: $128.20 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $7.33

Get Li-Cycle alerts:

Li-Cycle MarketRank™ Stock Analysis

Analyst Rating: Hold
2.40 Rating Score
Upside/Downside: 947.5% Upside
$7.33 Price Target
Short Interest: Healthy
9.90% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: Selling Shares
$63,438 Sold Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.87 out of 5 stars

Computer And Technology Sector

288th out of 581 stocks

Sanitary Services Industry

3rd out of 4 stocks

3.2

Analyst's Opinion

Consensus Rating
Li-Cycle has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on 2 buy ratings, 3 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Li-Cycle has received no research coverage in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
9.90% of the float of Li-Cycle has been sold short.
Short Interest Ratio / Days to Cover
Li-Cycle has a short interest ratio ("days to cover") of 1.4, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Li-Cycle has recently decreased by 40.69%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Li-Cycle does not currently pay a dividend.
Dividend Growth
Li-Cycle does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for LICY.

2.5

News and Social Media Coverage

News Sentiment
Li-Cycle has a news sentiment score of 0.49. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.
Search Interest
50 people have searched for LICY on MarketBeat in the last 30 days. This is an increase of 108% compared to the previous 30 days.
MarketBeat Follows
15 people have added Li-Cycle to their MarketBeat watchlist in the last 30 days. This is an increase of 15% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Li-Cycle insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $63,438.00 in company stock.
Percentage Held by Insiders
23.90% of the stock of Li-Cycle is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
54.12% of the stock of Li-Cycle is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Li-Cycle is -0.91, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Li-Cycle is -0.91, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Li-Cycle has a P/B Ratio of 0.33. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Li-Cycle Stock (NYSE:LICY)

Li-Cycle Holdings Corp. engages in the lithium-ion battery resource recovery and lithium-ion battery recycling business in North America. The company offers a mix of cathode and anode battery materials, including lithium, nickel, and cobalt, as well as graphite, copper, and aluminum; and copper and aluminum metals. It also provides hub products, such as lithium carbonate, cobalt sulphate, nickel sulphate, and manganese carbonate. Li-Cycle Holdings Corp. is headquartered in Toronto, Canada.

LICY Stock Price History

30 days | 90 days | 365 days | Advanced Chart

LICY Stock News Headlines

April 12, 2024 | businesswire.com

Li-Cycle to Host Annual General and Special Meeting of Shareholders on Thursday, May 23, 2024 at 8:30 a.m. (ET)

April 11, 2024 | americanbankingnews.com

Li-Cycle Holdings Corp. (NYSE:LICY) Short Interest Down 40.7% in March

April 19, 2024 | DTI (Ad)

This company has increased its dividend every year for 54 years

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March 28, 2024 | msn.com

Li-Cycle Cuts 17% of Staff as Costs Mount

March 27, 2024 | msn.com

Li-Cycle to cut 17% of its workforce, reshuffle leadership

March 26, 2024 | reuters.com

Li-Cycle to cut 17% of staff amid battery recycling growing pains

March 26, 2024 | businesswire.com

Li-Cycle Provides Organizational Structure Update

March 25, 2024 | businesswire.com

Li-Cycle Closes $75 Million Strategic Investment from Glencore

April 19, 2024 | DTI (Ad)

This company has increased its dividend every year for 54 years

March 24, 2024 | seekingalpha.com

Li-Cycle Holdings: Not A Buy After The Recent Run-Up

March 22, 2024 | msn.com

Li-Cycle Holdings Corp. (NYSE:LICY) Q4 2023 Earnings Call Transcript

March 21, 2024 | seekingalpha.com

Li-Cycle Holdings Corp. (LICY) Q4 2023 Earnings Call Transcript

March 18, 2024 | msn.com

Li-Cycle reports $138 million net year in losses in fourth quarter SEC filing

March 18, 2024 | investorplace.com

LICY Stock Earnings: Li-Cycle Holdings Beats EPS, Beats Revenue for Q4 2023

March 18, 2024 | businesswire.com

Li-Cycle Provides Business Update, Following Announcement of $75 Million Investment from Glencore

March 15, 2024 | msn.com

Li-Cycle Holdings files for $200M mixed shelf offering

March 15, 2024 | businesswire.com

Li-Cycle Reports Full Year 2023 Results

March 15, 2024 | msn.com

Li-Cycle secures $75 million investment from Glencore amid expansion pause

March 13, 2024 | msn.com

Why Li-Cycle (LICY) Stock Is Exploding Higher

March 12, 2024 | theglobeandmail.com

Li-Cycle shares jump on securing $75-million investment from Glencore

March 12, 2024 | msn.com

$75 Million Investment From Well-Known Company Sends Small Cap Flying

March 12, 2024 | proactiveinvestors.com

Li-Cycle shares rally as Glencore ups investment

March 12, 2024 | businesswire.com

Li-Cycle Announces $75 Million Strategic Investment from Glencore

March 2, 2024 | investorplace.com

3 Long-Term Stocks to Buy to Turn Pennies Into Millions

February 25, 2024 | msn.com

Li-Cycle Holdings (LICY) Price Target Increased by 8.03% to 2.13

January 8, 2024 | stockhouse.com

DEADLINE TODAY: The Schall Law Firm Encourages Investors in Li-Cycle Holdings Corp. with Losses of $100,000 to Contact the Firm

January 6, 2024 | markets.businessinsider.com

Li-Cycle 48 Hour Deadline Alert

See More Headlines

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Company Calendar

Last Earnings: 3/15/2024
Today: 4/18/2024
Next Earnings (Estimated): 5/20/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Computer and Technology
Industry: Sanitary services
Sub-Industry: N/A
Current Symbol: NYSE:LICY
CUSIP: N/A
CIK: 1828811
Web: peridotspac.com
Phone: 877-542-9253
Fax: N/A
Employees: 384
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $7.33
High Stock Price Target: $8.00
Low Stock Price Target: $7.00
Potential Upside/Downside: +947.5%
Consensus Rating: Hold
Rating Score (0-4): 2.40
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.77)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-138,000,000.00
Net Margins: -754.10%
Pretax Margin: -753.55%
Return on Equity: -13.33%
Return on Assets: -6.24%

Debt

Debt-to-Equity Ratio: 0.77
Current Ratio: 0.95
Quick Ratio: 0.89

Sales & Book Value

Annual Sales: $18.30 million
Price / Sales: 6.85
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $2.11 per share
Price / Book: 0.33

Miscellaneous

Outstanding Shares: 179,080,000
Free Float: 136,282,000
Market Cap: $125.37 million
Optionable: Optionable
Beta: 1.37

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Key Executives

Mr. Tim Johnston C.F.A. (Age 37)
Co-Founder, Executive Chairman & Interim Regional President of EMEA
Comp: $624.53k
Mr. Ajay Kochhar (Age 31)
Co-Founder, President, CEO & Executive Director
Comp: $635.76k
Ms. Deborah K. Simpson (Age 57)
Chief Financial Officer
Comp: $589.62k
Mr. Carl DeLuca (Age 55)
General Counsel & Corporate Secretary
Comp: $558.37k
Mr. Richard Storrie (Age 57)
Regional President of EMEA
Comp: $648.36k
Mr. Chris Biederman (Age 38)
Chief Technical Officer
Comp: $305.31k
Ms. Nahla A. Azmy
Senior Vice President of Investor Relations & Financial Communications
Ms. Christine Barwell CCP (Age 58)
CHRL, GRP, M.B.A., Chief Human Resources Officer
Mr. Dawei Li (Age 41)
Regional President of APAC
Mr. Tom Biddulph
Senior Vice President of Enterprise Process Improvement

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

LICY Stock Analysis - Frequently Asked Questions

Should I buy or sell Li-Cycle stock right now?: 5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Li-Cycle in the last year. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" LICY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LICY, but not buy additional shares or sell existing shares.
View LICY analyst ratings or view top-rated stocks.
What is Li-Cycle's stock price target for 2024?: 5 brokerages have issued twelve-month target prices for Li-Cycle's shares. Their LICY share price targets range from $7.00 to $8.00. On average, they expect the company's share price to reach $7.33 in the next year. This suggests a possible upside of 947.5% from the stock's current price.
View analysts price targets for LICY or view top-rated stocks among Wall Street analysts.
How have LICY shares performed in 2024?: Li-Cycle's stock was trading at $0.5848 on January 1st, 2024. Since then, LICY shares have increased by 19.7% and is now trading at $0.7001.
View the best growth stocks for 2024 here.
Are investors shorting Li-Cycle?: Li-Cycle saw a decrease in short interest in the month of March. As of March 31st, there was short interest totaling 11,910,000 shares, a decrease of 40.7% from the March 15th total of 20,080,000 shares. Based on an average trading volume of 8,310,000 shares, the days-to-cover ratio is presently 1.4 days. Currently, 9.9% of the company's stock are short sold.
View Li-Cycle's Short Interest.
When is Li-Cycle's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, May 20th 2024.
View our LICY earnings forecast.

How were Li-Cycle's earnings last quarter?: Li-Cycle Holdings Corp. (NYSE:LICY) released its quarterly earnings results on Friday, March, 15th. The company reported $0.38 EPS for the quarter. The company earned $6.40 million during the quarter, compared to analyst estimates of $3.53 million. Li-Cycle had a negative trailing twelve-month return on equity of 13.33% and a negative net margin of 754.10%.
What ETF holds Li-Cycle's stock?: VanEck Environmental Services ETF holds 453,375 shares of LICY stock, representing 3.12% of its portfolio.
Who are Li-Cycle's major shareholders?: Li-Cycle's stock is owned by many different retail and institutional investors. Top institutional investors include Allspring Global Investments Holdings LLC (0.04%). Insiders that own company stock include Carl Deluca, Christopher J Biederman, Debbie Simpson and Timothy Johnston.
View institutional ownership trends.
How do I buy shares of Li-Cycle?: Shares of LICY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:LICY) was last updated on 4/19/2024 by MarketBeat.com Staff

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