Li-Cycle (LICY) Set to Announce Earnings on Friday

Li-Cycle (NYSE:LICY) will be announcing its earnings results before the market opens on Friday, May 10th. Investors that are interested in participating in the company’s conference call can do so using this link.

Li-Cycle (NYSE:LICY) last posted its quarterly earnings results on Friday, March 15th. The company reported $0.38 earnings per share for the quarter. Li-Cycle had a negative net margin of 754.10% and a negative return on equity of 13.33%. The business had revenue of $6.40 million for the quarter, compared to the consensus estimate of $3.53 million.

Li-Cycle Trading Up 6.5 %

NYSE LICY opened at $0.70 on Thursday. Li-Cycle has a 1-year low of $0.35 and a 1-year high of $6.16. The company has a current ratio of 0.95, a quick ratio of 0.89 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $125.66 million, a PE ratio of -0.91 and a beta of 1.52. The firm’s fifty day simple moving average is $0.80 and its 200-day simple moving average is $0.75.

Wall Street Analyst Weigh In

Separately, Chardan Capital reiterated a “neutral” rating and issued a $0.75 price objective on shares of Li-Cycle in a report on Friday, April 19th.

About Li-Cycle

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.