Should You Sell Li-Cycle Holdings Corp (LICY) And Go Away This Year?

Li-Cycle Holdings Corp (NYSE:LICY) currently has a daily average trading volume of 1.24M but it saw 768381 shares traded in last market. With a market cap of 37.41M USD, the company’s current market price of $1.57 came rising about 2.61 while comparing to the previous closing price of $1.53. 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 $1.46 while lowest mark touched by it was $1.6.

Taking a look at 20-day trading activity of Li-Cycle Holdings Corp (LICY) gives us an average price of $1.7375, while its current price level is -89.78% below from 52-week high level whereas it is 29.20% 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 $2.1762 while that of 200 days or SMA-200 reads an average of $3.7861. A closer look into the stock’s movement over the week reveals that its volatility is standing at 9.83% during that period while stretching the period over a month that decreases to 9.11%. 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 39.34 which implies that the stock is in neutral territory.

Over the week, LICY’s stock price is moving 3.33% up while it is -27.91% when we observe its performance for the past one month. Year-to-date it is -66.87% down and over the past year, the stock is showing a downside performance of -67.69%.

Currently, Li-Cycle Holdings Corp’s total number of outstanding shares is 23.20M. Company’s return on investment (ROI) stands at -2.94% and return on equity (ROE) at -7.08%. Stock’s beta reads 1.46. Stock has a price to book (P/B) ratio of 0.12 while price to sale or P/S ratio amounts to 1.37. Its return on asset (ROA) is -2.60% on average.