Investors Are Waking Up To Li-Cycle Holdings Corp (NYSE: LICY) After Losing -61.50% Over The Past 12 Months

Li-Cycle Holdings Corp (NYSE:LICY) currently has a daily average trading volume of 1.21M but it saw 444543 shares traded in last market. With a market cap of 50.38M USD, the company’s current market price of $2.17 came rising about 0.93 while comparing to the previous closing price of $2.15. In past 52 weeks, the stock remained buoying in the range of price level as high as $15.36 and as low as $1.22. In the recent trading on the day, stock has struck highest price mark of $2.145 while lowest mark touched by it was $2.215.

Taking a look at 20-day trading activity of Li-Cycle Holdings Corp (LICY) gives us an average price of $2.58, while its current price level is -85.87% below from 52-week high level whereas it is 78.57% 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 $2.34 while that of 200 days or SMA-200 reads an average of $3.93. A closer look into the stock’s movement over the week reveals that its volatility is standing at 7.48% during that period while stretching the period over a month that increases to 17.73%. 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 45.62 which implies that the stock is in neutral territory.

Over the week, LICY’s stock price is moving 2.84% up while it is 6.90% when we observe its performance for the past one month. Year-to-date it is -53.62% down and over the past year, the stock is showing a downside performance of -61.50%.

The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of -2.06 beaten by the consensus estimate of -1.6 for the same. The company is expected to be releasing its next quarterly report in December, for which analysts forecasted an EPS of -0.61 while estimate for next year EPS is -3.16. In next quarter, company is expected to be making quarterly sales of $7.1M as analysts are expecting the sales for current fiscal year at $28M and seeing the company making $159.33M in sales next year. Moreover, analysts are in estimates of $7M 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 -2.94% and return on equity (ROE) at -7.08%. Stock’s beta reads 1.43. Stock has a price to book (P/B) ratio of 0.17 while price to sale or P/S ratio amounts to 1.84. Its return on asset (ROA) is -2.60% on average.