NYSE:LICY

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

$5.35

+0.03 (+0.56%)

(As of 06/7/2023 ET)

Compare

Today's Range: $5.30
▼
$5.52
50-Day Range: $4.39
▼
$5.76
52-Week Range: $4.30
▼
$8.26

Volume: 2.76 million shs
Average Volume: 1.45 million shs
Market Capitalization: $944.28 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $8.56

Li-Cycle MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 59.9% Upside
$8.56 Price Target
Short Interest: Bearish
13.09% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.62
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.81) to ($0.66) Per Share

Overall MarketRank^™

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

1.83 out of 5 stars

Industrials Sector

22nd out of 31 stocks

Waste Management Industry

2nd out of 2 stocks

3.3

Analyst's Opinion

Consensus Rating
Li-Cycle has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 7 buy ratings, 1 hold rating, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $8.56, Li-Cycle has a forecasted upside of 59.9% from its current price of $5.35.
Amount of Analyst Coverage
Li-Cycle has only been the subject of 3 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
13.09% 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 9.3.
Change versus previous month
Short interest in Li-Cycle has recently increased by 2.45%, indicating that investor sentiment is decreasing.

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.

2.6

News and Social Media Coverage

News Sentiment
Li-Cycle has a news sentiment score of 0.62. 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 0.34 average news sentiment score of Industrials companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Li-Cycle this week, compared to 4 articles on an average week.
Search Interest
29 people have searched for LICY on MarketBeat in the last 30 days. This is an increase of 123% 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 -17% 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 grow in the coming year, from ($0.81) to ($0.66) per share.
Price to Book Value per Share Ratio
Li-Cycle has a P/B Ratio of 1.90. 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.

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LICY Stock News Headlines

June 5, 2023 | finance.yahoo.com

Li-Cycle to Host Investor Meetings on June 6, 2023

June 1, 2023 | finance.yahoo.com

Li-Cycle Joins the United Nations Global Compact Initiative

June 8, 2023 | Edge On The Street (Ad)

Graphite Shortage Could Derail the $7 Trillion EV Transition

Graphite (not lithium) is expected to see the largest increase in demand of all battery metals over the next decade. But projections warn of an 8 million ton shortfall of graphite by 2040. That's why 97 more graphite mines are needed just to keep up with battery production for the $7 trillion transition to electric vehicles.

May 31, 2023 | finance.yahoo.com

Li-Cycle to Host Investor Meetings on June 1-2, 2023

May 31, 2023 | fool.com

Li-Cycle (NYSE: LICY)

May 25, 2023 | finance.yahoo.com

Li-Cycle and Shift2 Partner to Donate Laptops to High School Students in Rochester, New York

May 25, 2023 | americanbankingnews.com

Li-Cycle (NYSE:LICY) Shares Gap Down to $4.97

May 24, 2023 | finance.yahoo.com

U.S. Secretary of Energy Jennifer Granholm and U.S. Senator Mark Kelly Visit Li-Cycle’s Lithium-Ion Battery Recycling Facility in Arizona

June 8, 2023 | Edge On The Street (Ad)

New "Mined in America" Lithium Opportunities?

The average electric vehicle needs 138 pounds of lithium carbonate for its battery components. But China currently controls the entire lithium supply chain.

May 21, 2023 | americanbankingnews.com

Analysts Issue Forecasts for Li-Cycle Holdings Corp.'s Q2 2023 Earnings (NYSE:LICY)

May 20, 2023 | morningstar.com

Li-Cycle Holdings Corp Ordinary Shares - Class A

May 20, 2023 | americanbankingnews.com

Li-Cycle Holdings Corp. (NYSE:LICY) Receives $8.56 Average Target Price from Analysts

May 19, 2023 | seekingalpha.com

LICY Li-Cycle Holdings Corp.

May 17, 2023 | proactiveinvestors.com

Li-Cycle's story is in 'early innings' as battery metals processing plants come online, analysts say

May 17, 2023 | finance.yahoo.com

Time To Worry? Analysts Are Downgrading Their Li-Cycle Holdings Corp. (NYSE:LICY) Outlook

May 17, 2023 | seekingalpha.com

Li-Cycle Is Flush With Cash As Decarbonization Enters Runaway Phase

May 16, 2023 | msn.com

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

May 16, 2023 | msn.com

Use The Recent Dip To Buy Li-Cycle Holdings

May 16, 2023 | markets.businessinsider.com

Analysts Offer Insights on Industrial Goods Companies: Li-Cycle Holdings (LICY) and Fathom Digital (FATH)

May 15, 2023 | msn.com

Li-Cycle Reports Q1 2023 Sales Decline, Missing Consensus Amid Lower Nickel And Cobalt Prices

May 15, 2023 | msn.com

Recap: Li-Cycle Holdings Q1 Earnings

May 9, 2023 | finance.yahoo.com

Li-Cycle and Glencore Announce Plans for a Significant European Recycling Hub

May 8, 2023 | americanbankingnews.com

Li-Cycle (LICY) to Release Quarterly Earnings on Monday

May 6, 2023 | americanbankingnews.com

Li-Cycle (NYSE:LICY) Now Covered by Cantor Fitzgerald

May 1, 2023 | finance.yahoo.com

Li-Cycle to Host First Quarter 2023 Earnings Conference Call/Webcast on Monday, May 15, 2023 at 8:30 a.m. (Eastern Time)

April 25, 2023 | americanbankingnews.com

Li-Cycle Holdings Corp. (NYSE:LICY) Receives $8.56 Average PT from Analysts

April 19, 2023 | finance.yahoo.com

Li-Cycle Chief Technology Officer, Chris Biederman, Named to The Globe and Mail’s Best Executive Award List

See More Headlines

LICY Price History

30 days | 90 days | 365 days | Advanced Chart

LICY Company Calendar

Last Earnings: 1/30/2023
Today: 6/08/2023
Next Earnings (Estimated): 9/13/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Waste Management
Sub-Industry: N/A
Sector: Industrials
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: $8.56
High Stock Price Forecast: $10.00
Low Stock Price Forecast: $4.00
Forecasted Upside/Downside: +59.9%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
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: $-53,600,000.00
Net Margins: N/A
Pretax Margin: -219.74%
Return on Equity: -14.69%
Return on Assets: -9.56%

Debt

Debt-to-Equity Ratio: 0.61
Current Ratio: 8.51
Quick Ratio: 8.42

Sales & Book Value

Annual Sales: $13.40 million
Price / Sales: 70.47
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $2.81 per share
Price / Book: 1.90

Miscellaneous

Outstanding Shares: 176,500,000
Free Float: 134,319,000
Market Cap: $944.28 million
Optionable: Optionable
Beta: 1.13

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 Americas
Comp: $629.82k

Mr. Chris Biederman (Age 38)
Chief Technology 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

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?: 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, 1 hold rating and 7 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?: 9 brokers have issued 12 month price objectives for Li-Cycle's shares. Their LICY share price forecasts range from $4.00 to $10.00. On average, they anticipate the company's share price to reach $8.56 in the next twelve months. This suggests a possible upside of 59.9% 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 12.4% and is now trading at $5.35.
View the best growth stocks for 2023 here.
When is Li-Cycle's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, September 13th 2023.
View our LICY earnings forecast.
How were Li-Cycle's earnings last quarter?: Li-Cycle Holdings Corp. (NYSE:LICY) released its quarterly earnings results on Monday, January, 30th. The company reported ($0.19) EPS for the quarter, missing analysts' consensus estimates of ($0.18) by $0.01. The company had revenue of $3 million for the quarter, compared to analysts' expectations of $8.13 million. During the same quarter in the previous year, the company earned ($0.33) EPS.
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), WisdomTree Battery Value Chain and Innovation Fund (WBAT), Invesco WilderHill Clean Energy ETF (PBW), AXS Green Alpha ETF (NXTE), Invesco Global Clean Energy ETF (PBD), Blue Horizon BNE ETF (BNE), Sprott Energy Transition Materials ETF (SETM) and ALPS Clean Energy ETF (ACES).

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 variety of retail and institutional investors. Top institutional shareholders include Grantham Mayo Van Otterloo & Co. LLC (3.86%), BlackRock Inc. (3.76%), SIR Capital Management L.P. (1.54%), State Street Corp (1.16%), AXA S.A. (1.07%) and Macquarie Group Ltd. (0.90%).
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 $5.35.
How much money does Li-Cycle make?: Li-Cycle (NYSE:LICY) has a market capitalization of $944.28 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 6/8/2023 by MarketBeat.com Staff

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