Li-Cycle Holdings Corp. (NYSE:LICY) Receives Consensus Recommendation of "Hold" from Analysts

Shares of Li-Cycle Holdings Corp. (NYSE:LICY - Get Free Report) have been assigned an average rating of "Hold" from the five analysts that are covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $5.25.

Separately, Chardan Capital restated a "neutral" rating and issued a $0.75 price target on shares of Li-Cycle in a research report on Friday.

Insiders Place Their Bets

In other Li-Cycle news, CFO Debbie Simpson sold 81,845 shares of Li-Cycle stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $0.41, for a total transaction of $33,556.45. Following the transaction, the chief financial officer now directly owns 357,447 shares in the company, valued at $146,553.27. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders have sold 148,359 shares of company stock worth $63,438. Corporate insiders own 23.90% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LICY. Norges Bank acquired a new stake in shares of Li-Cycle in the 4th quarter valued at about $1,170,000. State Street Corp acquired a new stake in shares of Li-Cycle in the 2nd quarter valued at about $12,762,000. First Trust Advisors LP acquired a new stake in shares of Li-Cycle in the 1st quarter valued at about $9,978,000. BlackRock Inc. raised its stake in shares of Li-Cycle by 15.0% in the 2nd quarter. BlackRock Inc. now owns 7,631,507 shares of the company's stock valued at $42,355,000 after purchasing an additional 995,021 shares during the period. Finally, Northern Trust Corp acquired a new stake in shares of Li-Cycle in the 2nd quarter valued at about $6,039,000. 54.12% of the stock is currently owned by institutional investors.

Li-Cycle Trading Down 4.7 %

Shares of NYSE:LICY traded down $0.03 during midday trading on Friday, hitting $0.67. The company had a trading volume of 4,026,681 shares, compared to its average volume of 7,683,451. Li-Cycle has a 12 month low of $0.35 and a 12 month 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 stock has a market cap of $119.50 million, a price-to-earnings ratio of -0.87 and a beta of 1.37. The firm has a fifty day simple moving average of $0.73 and a 200 day simple moving average of $0.96.

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

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.