Li-Cycle Holdings Corp. (NYSE:LICY) Receives Average Rating of “Hold” from Analysts

Li-Cycle Holdings Corp. (NYSE:LICY) has been given a consensus recommendation of “Hold” by the five brokerages that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $5.25.

Separately, Chardan Capital reaffirmed a “neutral” rating and set a $0.75 target price on shares of Li-Cycle in a report on Friday, April 19th.

Li-Cycle Price Performance

Shares of NYSE LICY opened at $0.71 on Friday. Li-Cycle has a fifty-two week low of $0.35 and a fifty-two week high of $6.16. The business has a 50 day moving average price of $0.74 and a two-hundred day moving average price of $0.90. The company has a quick ratio of 0.89, a current ratio of 0.95 and a debt-to-equity ratio of 0.77. The firm has a market cap of $127.58 million, a PE ratio of -0.93 and a beta of 1.35.

Li-Cycle (NYSE:LICY) last issued its quarterly earnings data on Friday, March 15th. The company reported $0.38 earnings per share for the quarter. Li-Cycle had a negative return on equity of 13.33% and a negative net margin of 754.10%. The firm had revenue of $6.40 million during the quarter, compared to analyst estimates of $3.53 million.

Insiders Place Their Bets

In related news, CFO Debbie Simpson sold 81,845 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $0.41, for a total value of $33,556.45. Following the sale, the chief financial officer now owns 357,447 shares of the company’s stock, valued at approximately $146,553.27. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold a total of 148,359 shares of company stock valued at $63,438 in the last quarter. Insiders own 17.68% of the company’s stock.

Institutional Trading of Li-Cycle

Several hedge funds have recently made changes to their positions in the stock. Primecap Management Co. CA lifted its holdings in shares of Li-Cycle by 2.8% in the 4th quarter. Primecap Management Co. CA now owns 3,280,200 shares of the company’s stock worth $1,918,000 after purchasing an additional 90,800 shares during the last quarter. TSP Capital Management Group LLC lifted its holdings in shares of Li-Cycle by 67.4% in the 3rd quarter. TSP Capital Management Group LLC now owns 678,100 shares of the company’s stock worth $2,407,000 after purchasing an additional 273,100 shares during the last quarter. Alps Advisors Inc. raised its stake in Li-Cycle by 4.1% during the 3rd quarter. Alps Advisors Inc. now owns 590,628 shares of the company’s stock valued at $2,097,000 after acquiring an additional 23,407 shares in the last quarter. Green Alpha Advisors LLC raised its stake in Li-Cycle by 42.9% during the 4th quarter. Green Alpha Advisors LLC now owns 238,408 shares of the company’s stock valued at $139,000 after acquiring an additional 71,610 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in Li-Cycle during the 4th quarter valued at $78,000. Institutional investors own 54.12% of the company’s stock.

Li-Cycle Company Profile

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.