LICY Stock Price Li-Cycle Holdings Corp Stock Quote U.S.: NYSE
Li-Cycle’s stock was trading at $4.76 at the beginning of the year. Since then, LICY shares have increased by 5.7% and is now trading at $5.03. The U.S. Energy Department on Monday said it will lend Li-Cycle Holdings Corp $375 million as it builds a battery recycling facility in New York set to become one of the country’s largest sources of l… But, it’s made even more meaningful when looking at the longer-term 4 week percent change. And, of course, the 4 week change helps put the 1 week change into context. Return on Equity is calculated as income divided by average shareholder equity .
7 Wall Street research analysts have issued twelve-month target prices for Li-Cycle’s shares. Their LICY share price forecasts range from $4.00 to $10.00. On average, they expect the company’s share price to reach $8.50 in the next twelve months. This suggests https://day-trading.info/ a possible upside of 69.0% from the stock’s current price. View analysts price targets for LICY or view top-rated stocks among Wall Street analysts. The 1 week price change reflects the collective buying and selling sentiment over the short-term.
LICY Company Calendar
Adam Jonas, a top 15% analyst from Morgan Stanley downgrades LICY to a strong sell rating and lowers their LICY price target from $7.00 to $4.00, on Jan 25, 2023. Brian Dobson, a bottom 5% analyst from Chardan Capital reiterates LICY with a strong buy rating and maintains their LICY price target from $10.00 to $10.00, on Feb 28, 2023. E3 Lithium is advancing the Clearwater lithium project in Alberta.
Is Li-Cycle stock a good buy?
On average, Wall Street analysts predict that Li Cycle Holdings's share price could reach $8.00 by Feb 1, 2024. The average Li Cycle Holdings stock price prediction forecasts a potential upside of 39.37% from the current LICY share price of $5.74.
Compare special offers, low fees and a wide range of investment options among top trading platforms. When an earnings release is scheduled, all details will most traded currency pairs by volume 2020 be posted on the Events & Presentations page on Li-Cycle’s investor relations website. At this time, Li-Cycle does not have a direct stock purchase program.
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A stock with a P/E ratio of 20, for example, is said to be trading at 20 times its annual earnings. In general, a lower number or multiple is usually considered better that a higher one. Value investors will typically look for stocks with P/E ratios under 20, while growth investors and momentum investors are often willing to pay much more. Aside from using absolute numbers, however, you can also find value by comparing the P/E ratio to its relevant industry and its peers. ESG types will certainly be tempted to invest in Li-Cycle or the battery recycling theme, as one financially intangible upside is that less toxic stuff goes into landfills. A P/B of 1 means it’s selling at its per share book value.
Is Li-Cycle publicly traded?
Li-Cycle went public via a SPAC deal with Peridot with a foma equity value of $1.55B.
Revenues are also seeing growth, but the small TAM is a concern. Please allow us 24 hours to review your request and confirm access to our trusted network. Information is provided ‘as-is’ and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data. As of Mar 16, 2023, it costs $5.25 to buy one share of Li Cycle Holdings stock.
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Li-Cycle Holdings Corp. engages in lithium-ion battery resource recovery and lithium-ion battery recycling in North America. The company was founded by Ajay Kochhar and Timothy Johnston in 2016 and is headquartered in Toronto, Canada. If a company’s net margin is 15%, for example, that means its net income is 15 cents for every $1 of sales the company makes. A change in margin can reflect either a change in business conditions, or a company’s cost controls, or both.
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That does not mean that all companies with large growth rates will have a favorable Growth Score. But, typically, an aggressive growth trader will be interested in the higher growth rates. The Price to Cash Flow ratio or P/CF is price divided by its cash flow per share. It’s another great way to determine whether a company is undervalued or overvalued with the denominator being cash flow. Many investors prefer EV to just Market Cap as a better way to determine the value of a company.
Earnings Scheduled For January 30, 2023
You must click the activation link in order to complete your subscription. You can sign up for additional alert options at any time. To purchase shares of Li-Cycle, please contact a brokerage firm. Li-Cycle Holdings Corp – Ordinary Shares – Class A’ stock price today is $5.03. By creating a free account, you agree to our terms of service.
In the past three months, Li-Cycle insiders have not sold or bought any company stock. 13 people have added Li-Cycle to their MarketBeat watchlist in the last 30 days. This is an increase of 8% compared to the previous 30 days. Only 38 people have searched for LICY on MarketBeat in the last 30 days.
A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month.
LICY Financial Health Summary
The income number is listed on a company’s Income Statement. Cash flow itself is an important item on the income statement. While the one year change shows the current conditions, the longer look-back period shows how this metric has changed over time and helps put the current reading into proper perspective. Also, by looking at the rate of this item, rather than the actual dollar value, it makes for easier comparisons across the industry and peers. At this point in time, it is clear that electric vehicles are the future.
- Just like how cell phone batteries eventually die and become no longer usable, EVs battery cells will eventually deteriorate over time.
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We provide end-to-end services to meet the unique needs of our valued customers. All of Li-Cycle’s SEC filings are located on the SEC Filings page. Quarterly and annual reports are available on the Financials page or directly from the SEC at These materials are available online under the Company’s SEDAR profile at, under the Company’s EDGAR profile at, and on the Company’s website atwww.li-cycle.com. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.
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