Should I buy or sell Li-Cycle stock right now?

9 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, 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" LICY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LICY, but not buy additional shares or sell existing shares. View LICY analyst ratings or view top-rated stocks .

What is Li-Cycle's stock price target for 2024?

9 equities research analysts have issued 12-month target prices for Li-Cycle's shares. Their LICY share price targets 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 805.2% 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 2023. Since then, LICY stock has decreased by 83.8% and is now trading at $0.7733. 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 October. As of October 31st, there was short interest totaling 14,150,000 shares, an increase of 20.4% from the October 15th total of 11,750,000 shares. Based on an average daily volume of 2,750,000 shares, the short-interest ratio is currently 5.1 days. Approximately 11.7% of the company's shares 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) issued its quarterly earnings results on Monday, November, 13th. The company reported ($0.25) EPS for the quarter, meeting the consensus estimate of ($0.25). The firm had revenue of $4.70 million for the quarter, compared to analysts' expectations of $2.93 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) .

Who are Li-Cycle's major shareholders?

Li-Cycle's stock is owned by many different institutional and retail investors. Top institutional investors include Covalis Capital LLP (6.21%), Grantham Mayo Van Otterloo & Co. LLC (3.72%), Primecap Management Co. CA (1.79%), Invesco Ltd. (1.54%), Skandinaviska Enskilda Banken AB publ (0.49%) and Bank of New York Mellon Corp (0.42%).

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 .

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

$0.77

+0.02 (+2.65%)

(As of 12/8/2023 ET)

Compare

Today's Range: $0.74
▼
$0.79
50-Day Range: $0.63
▼
$3.41
52-Week Range: $0.50
▼
$6.58

Volume: 1.83 million shs
Average Volume: 8.51 million shs
Market Capitalization: $137.73 million

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

Li-Cycle MarketRank™ Stock Analysis

Analyst Rating: Hold
2.33 Rating Score
Upside/Downside: 805.2% Upside
$7.00 Price Target
Short Interest: Bearish
12.78% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.43
Based on 7 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.71) to ($0.17) Per Share

Overall MarketRank^™

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

2.04 out of 5 stars

Computer And Technology Sector

322nd out of 586 stocks

Sanitary Services Industry

2nd out of 4 stocks

3.2

Analyst's Opinion

Consensus Rating
Li-Cycle has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 4 buy ratings, 4 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $7.00, Li-Cycle has a forecasted upside of 805.2% from its current price of $0.77.
Amount of Analyst Coverage
Li-Cycle has only been the subject of 3 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
12.78% 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 3.6, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Li-Cycle has recently increased by 9.75%, indicating that investor sentiment is decreasing 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.

1.9

News and Social Media Coverage

News Sentiment
Li-Cycle has a news sentiment score of 0.43. 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 news sentiment score is similar to the average news sentiment of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 7 news articles for Li-Cycle this week, compared to 3 articles on an average week.
Search Interest
Only 5 people have searched for LICY on MarketBeat in the last 30 days. This is a decrease of -67% compared to the previous 30 days.
MarketBeat Follows
Only 6 people have added Li-Cycle to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% 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.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Li-Cycle are expected to grow in the coming year, from ($0.71) to ($0.17) per share.
Price to Book Value per Share Ratio
Li-Cycle has a P/B Ratio of 0.28. 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 Stock (NYSE:LICY)

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 Stock Price History

30 days | 90 days | 365 days | Advanced Chart

LICY Stock News Headlines

December 8, 2023 | markets.businessinsider.com

LICY INVESTOR NOTICE: Li-Cycle Holdings Corp. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit

December 7, 2023 | barrons.com

LICY INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Reminds Li-Cycle Holdings Corp. Investors to Contact the Firm to Lead Class Action Lawsuit!

December 10, 2023 | Autonomix (Ad)

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December 7, 2023 | finance.yahoo.com

Li-Cycle Comments on Process to Evaluate Financing and Strategic Alternatives

December 6, 2023 | markets.businessinsider.com

Li-Cycle Holdings (LICY) Misled Investors About Rochester Hub, Lawsuit Claims - Hagens Berman

December 4, 2023 | benzinga.com

Li-Cycle Holdings (LICY) Faces Lawsuit for Misrepresenting True Cost of Rochester Hub- Hagens Berman

December 4, 2023 | markets.businessinsider.com

INVESTOR ACTION REMINDER: The Schall Law Firm Encourages Investors in Li-Cycle Holdings Corp. with Losses of $100,000 to Contact the Firm

December 3, 2023 | barrons.com

SHAREHOLDER ACTION ALERT: The Schall Law Firm Encourages Investors in Li-Cycle Holdings Corp. with Losses In Excess of $100,000 to Contact the Firm

December 10, 2023 | Autonomix (Ad)

[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity

December 1, 2023 | americanbankingnews.com

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

November 29, 2023 | benzinga.com

SHAREHOLDER ALERT: Levi & Korsinsky Notifies Li-Cycle Holdings Corp.(LICY) Investors of a Class Action Lawsuit and Upcoming Deadline

November 28, 2023 | markets.businessinsider.com

Li-Cycle Shareholder Action Reminder

November 28, 2023 | barrons.com

INVESTOR ALERT: Levi & Korsinsky Notifies Shareholders of Li-Cycle Holdings Corp.(LICY) of a Class Action Lawsuit and an Upcoming Deadline

November 28, 2023 | businesswire.com

LICY INVESTOR NOTICE: Robbins Geller Rudman & Dowd LLP Announces that Li-Cycle Holdings Corp. Investors with Substantial Losses Have Opportunity to Lead Case

November 27, 2023 | stockhouse.com

Li-Cycle Deadline Alert

November 25, 2023 | barrons.com

INVESTOR ALERT: Levi & Korsinsky Notifies Shareholders of Li-Cycle Holdings Corp. (LICY) of a Class Action Lawsuit and an Upcoming Deadline

November 24, 2023 | stockhouse.com

INVESTOR ALERT: Levi & Korsinsky Notifies Li-Cycle Holdings Corp. Investors of a Class Action Lawsuit and Upcoming Deadline - LICY

November 21, 2023 | markets.businessinsider.com

INVESTOR ALERT: Potential Recovery for Li-Cycle Holdings Corp. (LICY) Investors Affected by Stock Drop - Levi & Korsinsky Pursuing Class Action Lawsuit

November 20, 2023 | businesswire.com

LICY INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Li-Cycle Holdings Corp. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit!

November 20, 2023 | benzinga.com

LICY Investors Have Opportunity to Lead Li-Cycle Holdings Corp. Securities Fraud Lawsuit

November 20, 2023 | msn.com

After Plunging -72.38% in 4 Weeks, Here's Why the Trend Might Reverse for Li-Cycle Holdings Corp. (LICY)

November 20, 2023 | businesswire.com

LICY INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Li-Cycle Holdings Corp. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit!

November 19, 2023 | barrons.com

LICY INVESTOR ALERT: Li-Cycle Holdings Corp. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit

November 19, 2023 | stockhouse.com

SHAREHOLDER ALERT: Levi & Korsinsky Notifies Li-Cycle Holdings Corp. Investors of a Class Action Lawsuit and Upcoming Deadline - LICY

November 17, 2023 | msn.com

Chardan Capital Downgrades Li-Cycle Holdings Corp - (LICY)

November 16, 2023 | markets.businessinsider.com

Li-Cycle Investor Deadline Approaching

November 16, 2023 | benzinga.com

Li-Cycle Holdings (LICY) Sued for Misrepresenting True Cost of Rochester Hub- Hagens Berman

See More Headlines

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Company Calendar

Last Earnings: 11/13/2023
Today: 12/09/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 1/29/2024

Get Stock Alerts

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 Target: $7.00
High Stock Price Target: $8.00
Low Stock Price Target: $4.00
Potential Upside/Downside: +805.2%
Consensus Rating: Hold
Rating Score (0-4): 2.33
Research Coverage: 9 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: 0.93
Current Ratio: 1.90
Quick Ratio: 1.86

Sales & Book Value

Annual Sales: $13.40 million
Price / Sales: 10.28
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $2.81 per share
Price / Book: 0.28

Miscellaneous

Outstanding Shares: 178,110,000
Free Float: 135,540,000
Market Cap: $137.73 million
Optionable: Optionable
Beta: 1.17

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Key Executives

Mr. Tim Johnston C.F.A. (Age 37)
Co-Founder, Executive Chairman & Interim Regional President of EMEA
Comp: $963.87k
Mr. Ajay Kochhar (Age 30)
Co-Founder, President, CEO & Executive Director
Comp: $979.86k
Ms. Deborah K. Simpson (Age 56)
Chief Financial Officer
Comp: $842.88k
Mr. Carl DeLuca (Age 54)
General Counsel & Corporate Secretary
Comp: $670.68k
Mr. Richard Storrie (Age 56)
Regional President of EMEA
Comp: $629.82k
Mr. Chris Biederman (Age 37)
Chief Technical Officer
Comp: $305.31k
Ms. Nahla A. Azmy
Senior Vice President of Investor Relations & Financial Communications
Ms. Christine Barwell CCP
CHRL, GRP, M.B.A., Chief Human Resources Officer
Mr. Dawei Li (Age 40)
Regional President of APAC
Mr. Tom Biddulph
Senior Vice President of Enterprise Process Improvement

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

LICY Stock Analysis - Frequently Asked Questions

Should I buy or sell Li-Cycle stock right now?: 9 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, 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" LICY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LICY, but not buy additional shares or sell existing shares.
View LICY analyst ratings or view top-rated stocks.
What is Li-Cycle's stock price target for 2024?: 9 equities research analysts have issued 12-month target prices for Li-Cycle's shares. Their LICY share price targets 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 805.2% 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 2023. Since then, LICY stock has decreased by 83.8% and is now trading at $0.7733.
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 October. As of October 31st, there was short interest totaling 14,150,000 shares, an increase of 20.4% from the October 15th total of 11,750,000 shares. Based on an average daily volume of 2,750,000 shares, the short-interest ratio is currently 5.1 days. Approximately 11.7% of the company's shares 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) issued its quarterly earnings results on Monday, November, 13th. The company reported ($0.25) EPS for the quarter, meeting the consensus estimate of ($0.25). The firm had revenue of $4.70 million for the quarter, compared to analysts' expectations of $2.93 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).
Who are Li-Cycle's major shareholders?: Li-Cycle's stock is owned by many different institutional and retail investors. Top institutional investors include Covalis Capital LLP (6.21%), Grantham Mayo Van Otterloo & Co. LLC (3.72%), Primecap Management Co. CA (1.79%), Invesco Ltd. (1.54%), Skandinaviska Enskilda Banken AB publ (0.49%) and Bank of New York Mellon Corp (0.42%).
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.

This page (NYSE:LICY) was last updated on 12/10/2023 by MarketBeat.com Staff

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