NYSE:LICY

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

$3.55

0.00 (0.00%)

(As of 09/29/2023 ET)

Compare

Today's Range: $3.50
▼
$3.67
50-Day Range: $3.55
▼
$6.04
52-Week Range: $3.47
▼
$6.58

Volume: 1.41 million shs
Average Volume: 1.40 million shs
Market Capitalization: $632.28 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $7.00

Li-Cycle MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.57 Rating Score
Upside/Downside: 97.2% Upside
$7.00 Price Target
Short Interest: Healthy
10.29% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.79
Based on 4 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.92) to ($0.55) Per Share

Overall MarketRank^™

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

2.20 out of 5 stars

Computer And Technology Sector

363rd out of 607 stocks

Sanitary Services Industry

4th out of 5 stocks

3.3

Analyst's Opinion

Consensus Rating
Li-Cycle has received a consensus rating of Moderate 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 $7.00, Li-Cycle has a forecasted upside of 97.2% from its current price of $3.55.
Amount of Analyst Coverage
Li-Cycle has only been the subject of 2 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
10.29% 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 9.1.
Change versus previous month
Short interest in Li-Cycle has recently decreased by 10.14%, 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.

3.2

News and Social Media Coverage

News Sentiment
Li-Cycle has a news sentiment score of 0.79. 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 0.62 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Li-Cycle this week, compared to 2 articles on an average week.
Search Interest
Only 16 people have searched for LICY on MarketBeat in the last 30 days. This is a decrease of -11% compared to the previous 30 days.
MarketBeat Follows
11 people have added Li-Cycle to their MarketBeat watchlist in the last 30 days. This is an increase of 175% compared to the previous 30 days.

2.5

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
59.71% 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

Earnings Growth
Earnings for Li-Cycle are expected to grow in the coming year, from ($0.92) to ($0.55) per share.
Price to Book Value per Share Ratio
Li-Cycle has a P/B Ratio of 1.26. P/B Ratios below 3 indicates that a company is reasonably valued 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 hub products, such as lithium carbonate, cobalt sulphate, nickel sulphate, and manganese carbonate. The company is headquartered in Toronto, Canada.

LICY Price History

30 days | 90 days | 365 days | Advanced Chart

LICY Stock News Headlines

September 27, 2023 | finance.yahoo.com

Li-Cycle Celebrates the Opening of One of the Largest Lithium-Ion Battery Recycling Facilities in Europe in Saxony-Anhalt, Germany

September 26, 2023 | finance.yahoo.com

Li-Cycle to Participate in Event Co-hosted by the U.S. Department of Energy and the Cleantech Leaders Climate Forum

October 1, 2023 | Chaikin Analytics (Ad)

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September 24, 2023 | americanbankingnews.com

Li-Cycle (NYSE:LICY) Stock Price Up 3.7%

September 22, 2023 | msn.com

Li-Cycle Holdings: A Generational Buying Opportunity

September 18, 2023 | markets.businessinsider.com

Li-Cycle And Glencore Speed Up Plans For European Recycling Hub

September 11, 2023 | markets.businessinsider.com

7 Promising Battery Recycling Stocks to Energize Your Portfolio

August 21, 2023 | finance.yahoo.com

LICY- A Lithium Battery Recycler Hitched to the EV Revolution

October 1, 2023 | Chaikin Analytics (Ad)

This is the #1 Stock to Buy for the AI Tidal Wave

Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.

August 16, 2023 | msn.com

Chardan Capital Maintains Li-Cycle Holdings Corp - (LICY) Buy Recommendation

August 16, 2023 | finance.yahoo.com

Some Li-Cycle Holdings Corp. (NYSE:LICY) Analysts Just Made A Major Cut To Next Year's Estimates

August 15, 2023 | seekingalpha.com

Li-Cycle Holdings GAAP EPS of -$0.20 misses by $0.03, revenue of $3.6M

August 15, 2023 | msn.com

Wedbush Reiterates Li-Cycle Holdings Corp - (LICY) Outperform Recommendation

August 14, 2023 | markets.businessinsider.com

Li-Cycle Misses Sales Estimates In Q2, Stock Falls

August 14, 2023 | msn.com

Why Li-Cycle Stock Plummeted Today

August 14, 2023 | seekingalpha.com

Li-Cycle Holdings Corp. 2023 Q2 - Results - Earnings Call Presentation

August 14, 2023 | finance.yahoo.com

Li-Cycle Reports Second Quarter 2023 Operational and Financial Results; Spoke & Hub Network on Path to Become A Top Global Producer of Key Battery-Grade Materials

August 11, 2023 | benzinga.com

Preview: Li-Cycle Holdings's Earnings

August 8, 2023 | nasdaq.com

Li-Cycle Holdings Corp Breaks Below 200-Day Moving Average - Notable for LICY

August 2, 2023 | markets.businessinsider.com

Expert Ratings for Li-Cycle Holdings

July 31, 2023 | finance.yahoo.com

Li-Cycle to Host Second Quarter 2023 Earnings Conference Call/Webcast on Monday, August 14, 2023 at 8:30 a.m. (Eastern Time)

July 28, 2023 | seekingalpha.com

Looking Back In On Li-Cycle Holdings

July 27, 2023 | finance.yahoo.com

Li-Cycle’s CEO and Co-founder Ajay Kochhar Provides Expert Insights on Electronic Waste & Battery Recycling Solutions Before the U.S. Senate Committee on Environment and Public Works

July 13, 2023 | uk.finance.yahoo.com

LICY - Li-Cycle Holdings Corp.

July 12, 2023 | finanznachrichten.de

Green Stock News: Li-Cycle and EVE Energy Announce Collaboration to Explore Lithium-Ion Battery Recycling

July 12, 2023 | finance.yahoo.com

Li-Cycle ($LICY) and EVE Energy Announce Collaboration to Explore Lithium-Ion Battery Recycling

July 11, 2023 | finance.yahoo.com

Li-Cycle and EVE Energy Launch Battery Recycling Collaboration

See More Headlines

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LICY Company Calendar

Last Earnings: 8/14/2023
Today: 9/30/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 1/29/2024

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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: $7.00
High Stock Price Forecast: $8.00
Low Stock Price Forecast: $4.00
Forecasted Upside/Downside: +97.2%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.57
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: N/A
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: N/A
Return on Assets: N/A

Debt

Debt-to-Equity Ratio: 0.66
Current Ratio: 4.80
Quick Ratio: 4.77

Sales & Book Value

Annual Sales: $13.40 million
Price / Sales: 47.19
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $2.81 per share
Price / Book: 1.26

Miscellaneous

Outstanding Shares: 178,110,000
Free Float: 135,540,000
Market Cap: $632.29 million
Optionable: Optionable
Beta: 1.31

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Key Executives

Mr. Tim Johnston C.F.A. (Age 36)
Co-Founder, Exec. Chairman & Interim Regional Pres of EMEA
Comp: $963.87k

Mr. Ajay Kochhar (Age 30)
Co-Founder, Pres, CEO & Exec. Director
Comp: $979.86k

Ms. Deborah K. Simpson (Age 56)
Chief Financial Officer
Comp: $842.88k

Mr. Carl DeLuca (Age 54)
Gen. Counsel & Corp. Sec.
Comp: $670.68k

Mr. Richard Storrie (Age 56)
Regional Pres of EMEA
Comp: $629.82k

Mr. Chris Biederman (Age 37)
Chief Technical Officer

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

Ms. Christine Barwell CCP
CHRL, GRP, M.B.A., Chief HR Officer

Mr. Dawei Li (Age 40)
Regional Pres of APAC

Mr. Tom Biddulph
Sr. VP of Enterprise Process Improvement

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

LICY Stock - Frequently Asked Questions

Should I buy or sell Li-Cycle stock right now?: 7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Li-Cycle in the last twelve months. There are currently 1 sell rating, 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" LICY shares.
View LICY analyst ratings or view top-rated stocks.
What is Li-Cycle's stock price forecast for 2023?: 7 Wall Street analysts have issued 1-year target prices for Li-Cycle's shares. Their LICY share price forecasts range from $4.00 to $8.00. On average, they anticipate the company's share price to reach $7.00 in the next twelve months. This suggests a possible upside of 97.2% 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 the year. Since then, LICY stock has decreased by 25.4% and is now trading at $3.55.
View the best growth stocks for 2023 here.
Are investors shorting Li-Cycle?: Li-Cycle saw a decrease in short interest during the month of September. As of September 15th, there was short interest totaling 12,490,000 shares, a decrease of 10.1% from the August 31st total of 13,900,000 shares. Based on an average daily trading volume, of 1,380,000 shares, the days-to-cover ratio is currently 9.1 days. Currently, 10.3% 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 Monday, January 29th 2024.
View our LICY earnings forecast.
How were Li-Cycle's earnings last quarter?: Li-Cycle Holdings Corp. (NYSE:LICY) released its quarterly earnings data on Monday, August, 14th. The company reported ($0.20) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.20). The firm earned $3.60 million during the quarter, compared to analyst estimates of $8.03 million.

What ETFs hold Li-Cycle's stock?: ETFs with the largest weight of Li-Cycle (NYSE:LICY) stock in their portfolio include VanEck Environmental Services ETF (EVX), Invesco WilderHill Clean Energy ETF (PBW), Invesco Global Clean Energy ETF (PBD), Sprott Energy Transition Materials ETF (SETM), Blue Horizon BNE ETF (BNE), AXS Green Alpha ETF (NXTE) and ALPS Clean Energy ETF (ACES).First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN).
What is Li-Cycle's stock symbol?: Li-Cycle trades on the New York Stock Exchange (NYSE) under the ticker symbol "LICY."
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 $3.55.
How much money does Li-Cycle make?: Li-Cycle (NYSE:LICY) has a market capitalization of $632.29 million and generates $13.40 million in revenue each year.
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 10/1/2023 by MarketBeat.com Staff

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