NYSE:LICY

Li-Cycle - LICY Stock Forecast, Price & News

$5.44

+0.08 (+1.49%)

(As of 01/31/2023 12:00 AM ET)

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Today's Range: $5.13
▼
$5.48
50-Day Range: $4.51
▼
$6.37
52-Week Range: $4.48
▼
$9.48

Volume: 1.84 million shs
Average Volume: 1.25 million shs
Market Capitalization: $954.34 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $9.06

Institutional Ownership

Li-Cycle MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.57 Rating Score
Upside/Downside: 65.8% Upside
$8.94 Price Target
Short Interest: Bearish
10.91% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: -0.07
Based on 6 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Decreasing
From ($0.29) to ($0.61) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.65 out of 5 stars

Computer And Technology Sector

515th out of 631 stocks

Sanitary Services Industry

5th out of 7 stocks

3.3

Analyst's Opinion

Consensus Rating
Li-Cycle has received a consensus rating of Buy. The company's average rating score is 2.57, and is based on 5 buy ratings, 1 hold rating, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $8.94, Li-Cycle has a forecasted upside of 65.8% from its current price of $5.39.
Amount of Analyst Coverage
Li-Cycle has only been the subject of 2 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
10.91% 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 10.2, which indicates bearish sentiment.
Change versus previous month
Short interest in Li-Cycle has recently decreased by 4.15%, indicating that investor sentiment is improving.

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.

1.1

News and Social Media Coverage

News Sentiment
Li-Cycle has a news sentiment score of -0.07. 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 lower news sentiment than the 0.54 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for Li-Cycle this week, compared to 4 articles on an average week.
Search Interest
Only 11 people have searched for LICY on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
Only 5 people have added Li-Cycle to their MarketBeat watchlist in the last 30 days. This is a decrease of -72% compared to the previous 30 days.

1.7

Company Ownership

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
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
Only 37.92% of the stock of Li-Cycle is held by institutions.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Li-Cycle are expected to decrease in the coming year, from ($0.29) to ($0.61) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Li-Cycle is -3.80, 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 -3.80, 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 0.47. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Li-Cycle (NYSE:LICY) Stock

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 lithium carbonate, cobalt sulphate, nickel sulphate, and manganese carbonate. The company is headquartered in Toronto, Ontario.

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LICY Stock News Headlines

January 30, 2023 | finance.yahoo.com

Li-Cycle Reports Fourth Quarter and Year 2022 Financial and Operational Results; Continued Execution of the Spoke & Hub Network Strategy

January 26, 2023 | americanbankingnews.com

Li-Cycle (NYSE:LICY) Rating Lowered to Underweight at Morgan Stanley

January 31, 2023 | Porter & Company (Ad)

The Next Big Crisis Is Here

You just can’t see it yet because it’s NOT a banking, financial, or economic crisis… it’s far worse and threatens every dollar in your retirement account.

January 21, 2023 | americanbankingnews.com

Li-Cycle (NYSE:LICY) Stock Price Down 4.6%

January 17, 2023 | finance.yahoo.com

Li-Cycle to Host Fourth Quarter and Full Year 2022 Earnings Conference Call/Webcast on Monday January 30, 2023 at 8:30 a.m. (Eastern Time)

December 21, 2022 | finance.yahoo.com

Li-Cycle Announces Change in Financial Reporting Periods to Align with Calendar Year Beginning in 2023

October 20, 2022 | benzinga.com

Li-Cycle to Host Investor Meetings on October 20, 2022 - Li-Cycle Holdings (NYSE:LICY) - Benzinga

October 20, 2022 | finance.yahoo.com

Li-Cycle to Host Investor Meetings on October 20, 2022

January 31, 2023 | Porter & Company (Ad)

The Next Big Crisis Is Here

You just can’t see it yet because it’s NOT a banking, financial, or economic crisis… it’s far worse and threatens every dollar in your retirement account.

October 19, 2022 | finance.yahoo.com

Li-Cycle Holdings Corp. (NYSE:LICY) institutional owners may be pleased with recent gains after 50% loss over the past year

October 18, 2022 | finance.yahoo.com

Indian news outlet Wire suspends reporting on Meta amid backlash - Yahoo Finance

October 17, 2022 | finance.yahoo.com

Kyligence Recognized as a Representative Provider in 2022 Gartner® Innovation Insight Report on Metrics Store - Yahoo Finance

October 16, 2022 | msn.com

Li-Cycle ($LICY) Opens New Lithium-ion Battery Recycling Facility in in Tuscaloosa, Alabama

October 13, 2022 | marketwatch.com

Li-Cycle Opens 3rd U.S. Lithium-Ion Battery-Recycling Facility - MarketWatch

October 13, 2022 | businesswire.com

The Worldwide Sodium-Ion Batteries Industry is Projected to Reach $4.3 Billion by 2031 - ResearchAndMarkets.com - Business Wire

October 13, 2022 | techcrunch.com

Li-Cycle opens battery recycling plant in Alabama - TechCrunch

October 13, 2022 | finance.yahoo.com

Li-Cycle Opens Lithium-ion Battery Recycling Facility in Alabama - Yahoo Finance

October 13, 2022 | finance.yahoo.com

Li-Cycle Opens Lithium-ion Battery Recycling Facility in Alabama

October 11, 2022 | finance.yahoo.com

Global Battery Testing and Inspection Equipment Growth Opportunities - Yahoo Finance

October 11, 2022 | benzinga.com

Li-Metal Appoints Kunal Phalpher as President - Li-Cycle Holdings (NYSE:LICY) - Benzinga

October 6, 2022 | seekingalpha.com

Li-Cycle: Achieve EV Battery Recycling Leadership despite hiccups (NYSE:LICY) - Seeking Alpha

October 5, 2022 | barrons.com

Bristol Sign Saracens And England Full-back Malins - Barron's

October 3, 2022 | benzinga.com

Why F45 Training Shares Climbed 41%; Here Are 84 Biggest Movers From Friday - Antelope Ent Hldgs (NASDAQ - Benzinga

September 30, 2022 | benzinga.com

Expert Ratings for Li-Cycle Holdings - Li-Cycle Holdings (NYSE:LICY) - Benzinga

September 27, 2022 | seekingalpha.com

LICY, POLA, OMEX among top industrial movers - Seeking Alpha

September 26, 2022 | streetinsider.com

Form 424B3 Li-Cycle Holdings Corp. - StreetInsider.com

September 25, 2022 | nasdaq.com

Mark Wellings Is The Independent Lead director of Li-Cycle Holdings Corp. (NYSE:LICY) And They Just Picked Up 26% More Shares - Nasdaq

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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LICY Company Calendar

Last Earnings: 1/30/2023
Today: 1/31/2023
Next Earnings (Estimated): 3/16/2023
Fiscal Year End: 10/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Sanitary services
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NYSE:LICY
CUSIP: N/A
CIK: 1828811
Web: peridotspac.com
Phone: 877-542-9253
Fax: N/A
Employees: 155
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $8.94
High Stock Price Forecast: $13.00
Low Stock Price Forecast: $4.00
Forecasted Upside/Downside: +66.6%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.57
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.42)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-226,560,000.00
Net Margins: -1,097.02%
Pretax Margin: -1,505.69%
Return on Equity: -14.59%
Return on Assets: -9.95%

Debt

Debt-to-Equity Ratio: 0.54
Current Ratio: 17.25
Quick Ratio: 17.12

Sales & Book Value

Annual Sales: $7.38 million
Price / Sales: 129.31
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $11.57 per share
Price / Book: 0.47

Miscellaneous

Outstanding Shares: 175,430,000
Free Float: 133,502,000
Market Cap: $954.34 million
Optionable: Optionable
Beta: 1.19

Key Executives

Mr. Tim Johnston C.F.A. (Age 36)
Co-Founder, Exec. Chairman & Interim Regional Pres of EMEA
Comp: $487.62k

Mr. Ajay Kochhar (Age 29)
Co-Founder, Pres, CEO & Exec. Director
Comp: $499k

Mr. Chris Biederman (Age 37)
Chief Technology Officer
Comp: $305.31k

Ms. Deborah K. Simpson (Age 55)
Chief Financial Officer

Ms. Nahla A. Azmy
Sr. VP of Investor Relations & Financial Communications

Mr. Carl DeLuca (Age 53)
Gen. Counsel & Corp. Sec.

Ms. Lauren Choate (Age 64)
Chief People Officer

Mr. Dawei Li (Age 39)
Regional Pres of APAC

Mr. Richard Storrie (Age 55)
Regional Pres of Americas

Mr. Chris Berry
Market Advisor

Key Competitors

View All Competitors

Insiders & Institutions

View All Institutional Transactions

LICY Stock - Frequently Asked Questions

Should I buy or sell Li-Cycle stock right now?: 7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Li-Cycle in the last year. There are currently 1 sell rating, 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" LICY shares.
View LICY analyst ratings or view top-rated stocks.
What is Li-Cycle's stock price forecast for 2023?: 7 equities research analysts have issued 1-year price objectives for Li-Cycle's shares. Their LICY share price forecasts range from $4.00 to $13.00. On average, they expect the company's stock price to reach $8.94 in the next twelve months. This suggests a possible upside of 66.7% 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 2023?: Li-Cycle's stock was trading at $4.76 at the beginning of 2023. Since then, LICY shares have increased by 12.6% and is now trading at $5.36.
View the best growth stocks for 2023 here.
Are investors shorting Li-Cycle?: Li-Cycle saw a increase in short interest in the month of December. As of December 30th, there was short interest totaling 12,280,000 shares, an increase of 9.3% from the December 15th total of 11,240,000 shares. Based on an average trading volume of 1,150,000 shares, the short-interest ratio is presently 10.7 days. Approximately 11.4% of the shares of the 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 Thursday, March 16th 2023.
View our LICY earnings forecast.
How were Li-Cycle's earnings last quarter?: Li-Cycle Holdings Corp. (NYSE:LICY) issued its earnings results on Wednesday, September, 8th. The company reported ($2.88) earnings per share for the quarter, missing the consensus estimate of ($2.42) by $0.46. The company had revenue of $1.71 million for the quarter. Li-Cycle had a negative trailing twelve-month return on equity of 14.59% and a negative net margin of 1,097.02%.

What is Li-Cycle's stock symbol?: Li-Cycle trades on the New York Stock Exchange (NYSE) under the ticker symbol "LICY."
Who are Li-Cycle's major shareholders?: Li-Cycle's stock is owned by a number of retail and institutional investors. Top institutional shareholders include DNB Asset Management AS (0.10%), Quaero Capital S.A. (0.05%), Sumitomo Mitsui Trust Holdings Inc. (0.04%), Abacus Planning Group Inc. (0.01%), Willis Johnson & Associates Inc. (0.01%) and Concourse Financial Group Securities Inc. (0.00%).
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Li-Cycle's stock price today?: One share of LICY stock can currently be purchased for approximately $5.36.
How much money does Li-Cycle make?: Li-Cycle (NYSE:LICY) has a market capitalization of $940.30 million and generates $7.38 million in revenue each year. The company earns $-226,560,000.00 in net income (profit) each year or ($1.42) on an earnings per share basis.
How many employees does Li-Cycle have?: The company employs 155 workers across the globe.
How can I contact Li-Cycle?: Li-Cycle's mailing address is 2229 SAN FELIPE STREET SUITE 1450, HOUSTON TX, 77019. The official website for the company is peridotspac.com. The company can be reached via phone at 877-542-9253 or via email at info@li-cycle.com.

This page (NYSE:LICY) was last updated on 1/31/2023 by MarketBeat.com Staff

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Li-Cycle - LICY Stock Forecast, Price & News

Li-Cycle MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Li-Cycle (NYSE:LICY) Stock

LICY Stock News Headlines

LICY Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

LICY Stock - Frequently Asked Questions

Overall MarketRank^™