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

Company Overview

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.

Key Stats

• Today's Range: $2.06 to $2.14
• 50-Day Range: $1.41 to $3.80
• 52-Week Range: $1.22 to $15.36
• Volume: 589,396 shs
• Average Volume: 843,880 shs
• Market Capitalization: $48.30 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $4.13
• Consensus Rating: Hold

Li-Cycle Stock Analysis - MarketRank™

Li-Cycle scored higher than 54% of companies evaluated by MarketBeat, and ranked 375th out of 650 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.0 / 5
• Analyst Rating: Hold

Consensus Rating

Li-Cycle has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Li-Cycle has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Li-Cycle is -1.66, 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 -1.66, 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 0.16. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

7.54% 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 1.1, 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 0.80%, indicating that investor sentiment is improving.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Li-Cycle does not currently pay a dividend.

Dividend Growth

Li-Cycle does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

7.54% 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 1.1, 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 0.80%, indicating that investor sentiment is improving.

News and Social Media

• Score: 3.8 / 5
• News Sentiment: 0.91

News Sentiment

Li-Cycle has a news sentiment score of 0.91. 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 is a higher news sentiment than the 0.59 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Li-Cycle this week, compared to 1 article on an average week.

Search Interest

2 people have searched for LICY on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.

MarketBeat Follows

6 people have added Li-Cycle to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Li-Cycle insiders have not sold or bought any company stock.

Percentage Held by Insiders

17.68% 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.

LICY Stock Analysis - Frequently Asked Questions

How have LICY shares performed this year?

Li-Cycle's stock was trading at $4.6784 on January 1st, 2024. Since then, LICY stock has decreased by 55.5% and is now trading at $2.08.
View the best growth stocks for 2024 here.

How were Li-Cycle's earnings last quarter?

Li-Cycle Holdings Corp. (NYSE:LICY) announced its earnings results on Monday, January, 30th. The company reported ($1.52) EPS for the quarter, missing the consensus estimate of ($1.44) by $0.08. The business earned $3 million during the quarter, compared to analysts' expectations of $8.13 million. Li-Cycle had a negative trailing twelve-month return on equity of 41.90% and a negative net margin of 77.74%.

When did Li-Cycle's stock split?

Li-Cycle shares reverse split on Tuesday, June 4th 2024. The 1-8 reverse split was announced on Friday, May 24th 2024. The number of shares owned by shareholders was adjusted after the market closes on Monday, June 3rd 2024. An investor that had 100 shares of stock prior to the reverse split would have 13 shares after the split.

Who are Li-Cycle's major shareholders?

Top institutional investors of Li-Cycle include Green Alpha Advisors LLC (0.29%), Jane Street Group LLC (0.11%), Townsquare Capital LLC (0.07%) and National Bank of Canada FI. Insiders that own company stock include Carl Deluca, Timothy Johnston, Mark Wellings, Debbie Simpson and Christopher J Biederman.
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.

What other stocks do shareholders of Li-Cycle own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Li-Cycle investors own include Enovix (ENVX), Ginkgo Bioworks (DNA), Toast (TOST), COMPASS Pathways (CMPS), Luminar Technologies (LAZR), Rambus (RMBS) and Globant (GLOB).

Company Calendar

• Last Earnings: 1/30/2023
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 3/21/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Computer and Technology
• Industry: Sanitary services
• Sub-Industry: Business Services
• Current Symbol: NYSE:LICY
• CUSIP: N/A
• CIK: 1828811
• Web: peridotspac.com
• Phone: 877-542-9253
• Fax: N/A
• Employees: 270
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $4.13
• High Stock Price Target: $6.00
• Low Stock Price Target: $2.25
• Potential Upside/Downside: +98.3%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($1.25)
• 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: -77.74%
• Pretax Margin: -464.60%
• Return on Equity: -41.90%
• Return on Assets: -13.43%

Debt

• Debt-to-Equity Ratio: 1.16
• Current Ratio: 0.60
• Quick Ratio: 0.54

Sales & Book Value

• Annual Sales: $18.30 million
• Price / Sales: 2.64
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $12.72 per share
• Price / Book: 0.16

Miscellaneous

• Outstanding Shares: 23,220,000
• Free Float: 19,115,000
• Market Cap: $48.30 million
• Optionable: Optionable
• Beta: 1.50