While Li-Cycle Holdings Corp has overperformed by 8.15%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, LICY fell by -84.91%, with highs and lows ranging from $6.16 to $0.35, whereas the simple moving average fell by -72.26% in the last 200 days.
On November 16, 2023, UBS Downgraded Li-Cycle Holdings Corp (NYSE: LICY) to Neutral. A report published by Chardan Capital Markets on November 16, 2023, Downgraded its rating to ‘Neutral’ for LICY. Morgan Stanley January 25, 2023d its ‘Equal-Weight’ rating to ‘Underweight’ for LICY, as published in its report on January 25, 2023. Piper Sandler’s report from September 20, 2022 suggests a price prediction of $10 for LICY shares, giving the stock a ‘Overweight’ rating. Morgan Stanley also rated the stock as ‘Equal-Weight’.
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Analysis of Li-Cycle Holdings Corp (LICY)
Further, the quarter-over-quarter increase in sales is 339.01%, showing a positive trend in the upcoming months.
Li-Cycle Holdings Corp’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. The goal here is to ensure that your current return on equity of -57.76% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.86, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can be an extremely valuable indicator of volatility, and LICY is registering an average volume of 5.73M. On a monthly basis, the volatility of the stock is set at 14.12%, whereas on a weekly basis, it is put at 26.41%, with a gain of 80.09% over the past seven days. Furthermore, long-term investors anticipate a median target price of $2.00, showing growth from the present price of $0.76, which can serve as yet another indication of whether LICY is worth investing in or should be passed over.
How Do You Analyze Li-Cycle Holdings Corp Shares?
Besides checking the fundamentals, you should also know how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 32.81%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 34.66% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
LICY shares are owned by institutional investors to the tune of 34.66% at present.
