Li-Cycle Holdings Corp (LICY) kicked off at the price of $1.69: Venture capitalists have an exciting new opportunity

Li-Cycle Holdings Corp (NYSE: LICY) kicked off on Monday, down -10.11% from the previous trading day, before settling in for the closing price of $1.88. Over the past 52 weeks, LICY has traded in a range of $1.87-$38.44.

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During the last 5-year period, the sales growth of Industrials Sector giant was 39.42%. While this was happening, its average annual earnings per share was recorded -21.61%. With a float of $14.44 million, this company’s outstanding shares have now reached $22.27 million.

Let’s determine the extent of company efficiency that accounts for 384 employees. In terms of profitability, gross margin is -309.29%, operating margin of -1548.63%, and the pretax margin is -753.55%.

Li-Cycle Holdings Corp (LICY) Breakdown of a Key Holders of the stock

Our next focus will be how large-scale investors are participating in this stock of the Waste Management Industry. The insider ownership of Li-Cycle Holdings Corp is 35.84%, while institutional ownership is 16.42%. The most recent insider transaction that took place on Aug 13 ’24, was worth 15,669. In this transaction Director of this company sold 6,250 shares at a rate of $2.51, taking the stock ownership to the 45,030 shares. Before that another transaction happened on Aug 13 ’24, when Company’s See Remarks sold 1,376 for $2.50, making the entire transaction worth $3,440. This insider now owns 101,672 shares in total.

Li-Cycle Holdings Corp (LICY) Recent Fiscal highlights

In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported -5.84 earnings per share (EPS), lower than consensus estimate (set at -2.02) by -3.82. Wall Street market experts anticipate that the next fiscal year will bring earnings of -1.44 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -21.61% per share during the next fiscal year.

Li-Cycle Holdings Corp (NYSE: LICY) Trading Performance Indicators

Take a look at Li-Cycle Holdings Corp’s (LICY) current performance indicators. Last quarter, stock had a quick ratio of 0.68. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.60.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -9.33, a number that is poised to hit -1.40 in the next quarter and is forecasted to reach -5.62 in one year’s time.

Technical Analysis of Li-Cycle Holdings Corp (LICY)

Looking closely at Li-Cycle Holdings Corp (NYSE: LICY), its last 5-days average volume was 0.67 million, which is a drop from its year-to-date volume of 0.7 million. As of the previous 9 days, the stock’s Stochastic %D was 4.89%. Additionally, its Average True Range was 0.27.

During the past 100 days, Li-Cycle Holdings Corp’s (LICY) raw stochastic average was set at 0.87%, which indicates a significant decrease from 4.79% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 92.59% in the past 14 days, which was lower than the 129.76% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $3.8736, while its 200-day Moving Average is $4.9424. However, in the short run, Li-Cycle Holdings Corp’s stock first resistance to watch stands at $1.8667. Second resistance stands at $2.0433. The third major resistance level sits at $2.1667. If the price goes on to break the first support level at $1.5667, it is likely to go to the next support level at $1.4433. Now, if the price goes above the second support level, the third support stands at $1.2667.

Li-Cycle Holdings Corp (NYSE: LICY) Key Stats

The company with the Market Capitalisation of 38.03 million has total of 22,385K Shares Outstanding. Its annual sales at the moment are 18,300 K in contrast with the sum of -138,000 K annual income. Company’s last quarter sales were recorded 8,400 K and last quarter income was -8,200 K.