Spotting A Winner: Li-Cycle Holdings Corp (NYSE: LICY) Retreats -4.21 And It Still Have Room To Run

Li-Cycle Holdings Corp (NYSE:LICY) currently has a daily average trading volume of 8.51M but it saw 2595545 shares traded in last market. With a market cap of 103.87M USD, the company’s current market price of $0.58 came falling about -4.21 while comparing to the previous closing price of $0.61. In past 52 weeks, the stock remained buoying in the range of price level as high as $6.16 and as low as $0.35.

Taking a look at 20-day trading activity of Li-Cycle Holdings Corp (LICY) gives us an average price of $0.6719, while its current price level is -90.58% below from 52-week high level whereas it is 65.71% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.8138 while that of 200 days or SMA-200 reads an average of $1.7382. A closer look into the stock’s movement over the week reveals that its volatility is standing at 9.52% during that period while stretching the period over a month that increases to 10.15%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 37.43 which implies that the stock is in neutral territory.

Over the week, LICY’s stock price is moving -17.27% down while it is -35.04% when we observe its performance for the past one month. Year-to-date it is -0.82% down and over the past year, the stock is showing a downside performance of -87.25%.

The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of -0.2 beaten by the consensus estimate of -0.18 for the same. In next quarter, company is expected to be making quarterly sales of $6.06M as analysts are expecting the sales for current fiscal year at $19.23M and seeing the company making $53.02M in sales next year. Moreover, analysts are in estimates of $6.01M for current-quarter revenue.

Currently, Li-Cycle Holdings Corp’s total number of outstanding shares is 178.20M. Company’s return on investment (ROI) stands at -17.87% and return on equity (ROE) at -38.42%. Stock’s beta reads 1.49. Stock has a price to book (P/B) ratio of 0.43 while price to sale or P/S ratio amounts to 5.50. Its return on asset (ROA) is -15.19% on average.