Look For Institutional Buying In Li-Cycle Holdings Corp (NYSE: LICY)

Li-Cycle Holdings Corp (LICY) concluded trading on Thursday at a closing price of $1.75, with 2.73 million shares of worth about $4.79 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -74.93% during that period and on December 26, 2024 the price saw a gain of about 11.46%. Currently the company’s common shares owned by public are about 23.20M shares, out of which, 16.69M shares are available for trading.

Stock saw a price change of 15.13% in past 5 days and over the past one month there was a price change of -25.21%. Year-to-date (YTD), LICY shares are showing a performance of -62.59% which decreased to -65.43% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.22 but also hit the highest price of $15.36 during that period. The average intraday trading volume for Li-Cycle Holdings Corp shares is 1.25 million. The stock is currently trading 1.89% above its 20-day simple moving average (SMA20), while that difference is down -19.15% for SMA50 and it goes to -53.60% lower than SMA200.

Li-Cycle Holdings Corp (NYSE: LICY) currently have 23.20M outstanding shares and institutions hold larger chunk of about 10.63% of that.

The stock has a current market capitalization of $40.64M and its 3Y-monthly beta is at 1.44. It has posted earnings per share of -$1.31 in the same period. It has Quick Ratio of 0.54 while making debt-to-equity ratio of 1.48. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for LICY, volatility over the week remained 12.02% while standing at 9.50% over the month.

Stock’s fiscal year EPS is expected to rise by 61.49% while it is estimated to increase by 3.48% in next year.

Stock get an Underweight rating from Morgan Stanley on January 25, 2023.

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