Li-Cycle Holdings Corp. (NYSE:LICY) Given Average Recommendation of “Hold” by Analysts

Li-Cycle Holdings Corp. (NYSE:LICY) has been assigned a consensus rating of “Hold” from the five ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $5.25.

Separately, Chardan Capital reiterated a “neutral” rating and set a $0.75 price target on shares of Li-Cycle in a report on Friday, April 19th.

Insider Transactions at Li-Cycle

In other news, CFO Debbie Simpson sold 81,845 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $0.41, for a total transaction of $33,556.45. Following the completion of the sale, the chief financial officer now owns 357,447 shares in the company, valued at $146,553.27. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders sold a total of 148,359 shares of company stock worth $63,438 over the last quarter. Company insiders own 17.68% of the company’s stock.

Institutional Investors Weigh In On Li-Cycle

Hedge funds and other institutional investors have recently made changes to their positions in the business. Hsbc Holdings PLC raised its position in shares of Li-Cycle by 215.7% in the third quarter. Hsbc Holdings PLC now owns 47,525 shares of the company’s stock valued at $168,000 after buying an additional 32,471 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Li-Cycle in the fourth quarter valued at approximately $78,000. Fox Run Management L.L.C. acquired a new stake in shares of Li-Cycle in the third quarter valued at approximately $109,000. Jump Financial LLC acquired a new stake in shares of Li-Cycle in the third quarter valued at approximately $109,000. Finally, B. Riley Wealth Advisors Inc. raised its position in shares of Li-Cycle by 149.9% in the third quarter. B. Riley Wealth Advisors Inc. now owns 99,700 shares of the company’s stock valued at $354,000 after buying an additional 59,800 shares in the last quarter. 54.12% of the stock is currently owned by institutional investors and hedge funds.

Li-Cycle Price Performance

Shares of NYSE LICY opened at $0.71 on Friday. The stock has a market capitalization of $127.58 million, a price-to-earnings ratio of -0.93 and a beta of 1.35. The business has a 50-day moving average of $0.74 and a 200-day moving average of $0.90. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.95 and a quick ratio of 0.89. Li-Cycle has a fifty-two week low of $0.35 and a fifty-two week high of $6.16.

Li-Cycle (NYSE:LICY) last announced its quarterly earnings data on Friday, March 15th. The company reported $0.38 earnings per share for the quarter. Li-Cycle had a negative return on equity of 13.33% and a negative net margin of 754.10%. The company had revenue of $6.40 million during the quarter, compared to analysts’ expectations of $3.53 million.

Li-Cycle Company Profile

Li-Cycle Holdings Corp. engages in the lithium-ion battery resource recovery and lithium-ion battery recycling business in North America. The company offers a mix of cathode and anode battery materials, including lithium, nickel, and cobalt, as well as graphite, copper, and aluminum; and copper and aluminum metals.