Li-Cycle Holdings Corp (NYSE: LICY): Retirees Don’t Worry About Volatility

Li-Cycle Holdings Corp (NYSE:LICY) currently has a daily average trading volume of 570.57K but it saw 1360292 shares traded in last market. With a market cap of 30.60M USD, the company’s current market price of $1.36 came rising about 2.26 while comparing to the previous closing price of $1.33. In past 52 weeks, the stock remained buoying in the range of price level as high as $38.44 and as low as $1.22. In the recent trading on the day, stock has struck highest price mark of $1.3201 while lowest mark touched by it was $1.54.

Taking a look at 20-day trading activity of Li-Cycle Holdings Corp (LICY) gives us an average price of $2.0035, while its current price level is -96.46% below from 52-week high level whereas it is 11.92% 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 $3.3142 while that of 200 days or SMA-200 reads an average of $4.6503. A closer look into the stock’s movement over the week reveals that its volatility is standing at 12.23% during that period while stretching the period over a month that decreases to 10.58%. 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 22.87 which implies that the stock is in oversold territory.

Over the week, LICY’s stock price is moving -8.11% down while it is -54.52% when we observe its performance for the past one month. Year-to-date it is -70.93% down and over the past year, the stock is showing a downside performance of -96.40%.

The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of -5.84 beaten by the consensus estimate of -2.02 for the same. The company is expected to be releasing its next quarterly report in October, for which analysts forecasted an EPS of -1.4 while estimate for next year EPS is -7.59. In next quarter, company is expected to be making quarterly sales of $7.11M as analysts are expecting the sales for current fiscal year at $26.83M and seeing the company making $31.89M in sales next year. Moreover, analysts are in estimates of $7.11M for current-quarter revenue.

Currently, Li-Cycle Holdings Corp’s total number of outstanding shares is 22.27M. Company’s return on investment (ROI) stands at -27.86% and return on equity (ROE) at -62.53%. Stock’s beta reads 1.48. Stock has a price to book (P/B) ratio of 0.13 while price to sale or P/S ratio amounts to 1.29. Its return on asset (ROA) is -23.68% on average.