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

Shares of Li-Cycle Holdings Corp. (NYSE:LICY) have received an average recommendation of “Hold” from the five ratings firms that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $5.25.

Separately, Chardan Capital reaffirmed a “neutral” rating and issued a $0.75 price objective on shares of Li-Cycle in a research note on Friday.

Li-Cycle Price Performance

LICY stock traded down $0.03 during midday trading on Friday, reaching $0.67. The company had a trading volume of 3,972,246 shares, compared to its average volume of 7,679,362. 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 1 year low of $0.35 and a 1 year high of $6.16. The company has a market capitalization of $119.50 million, a P/E ratio of -0.87 and a beta of 1.37. The firm has a 50-day moving average price of $0.73 and a 200-day moving average price of $0.98.

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

Insider Activity at Li-Cycle

In other Li-Cycle news, CFO Debbie Simpson sold 81,845 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $0.41, for a total value of $33,556.45. Following the completion of the transaction, the chief financial officer now directly owns 357,447 shares in the company, valued at approximately $146,553.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 148,359 shares of company stock worth $63,438 in the last three months. 23.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Clear Street Markets LLC purchased a new stake in shares of Li-Cycle in the 4th quarter worth about $25,000. Tower Research Capital LLC TRC grew its position in shares of Li-Cycle by 135.6% in the 1st quarter. Tower Research Capital LLC TRC now owns 5,292 shares of the company’s stock worth $30,000 after buying an additional 3,046 shares during the period. Palisades Hudson Asset Management L.P. purchased a new stake in shares of Li-Cycle in the 3rd quarter worth about $39,000. Ethic Inc. grew its position in shares of Li-Cycle by 51.5% in the 4th quarter. Ethic Inc. now owns 77,641 shares of the company’s stock worth $45,000 after buying an additional 26,386 shares during the period. Finally, Captrust Financial Advisors grew its position in shares of Li-Cycle by 38.2% in the 1st quarter. Captrust Financial Advisors now owns 5,750 shares of the company’s stock worth $49,000 after buying an additional 1,590 shares during the period. 54.12% of the stock is currently owned by institutional investors.

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.