After finishing at $1.13 in the prior trading day, Li-Cycle Holdings Corp (NYSE: LICY) closed at $0.86, down -23.50%. In other words, the price has decreased by -$0.2655 from its previous closing price. On the day, 16496277 shares were traded.
Ratios:
Our goal is to gain a better understanding of LICY by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.89 and its Current Ratio is at 0.95. In the meantime, Its Debt-to-Equity ratio is 0.93 whereas as Long-Term Debt/Eq ratio is at 0.92.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 01 ’24 when Simpson Debbie sold 81,845 shares for $0.41 per share. The transaction valued at 33,777 led to the insider holds 357,447 shares of the business.
Johnston Timothy sold 10,929 shares of LICY for $4,510 on Feb 01 ’24. The Executive Chairman & Director now owns 555,256 shares after completing the transaction at $0.41 per share. On Feb 01 ’24, another insider, Kochhar Ajay, who serves as the President and CEO of the company, sold 10,929 shares for $0.41 each. As a result, the insider received 4,510 and left with 275,365 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, LICY now has a Market Capitalization of 202.32M and an Enterprise Value of 482.72M. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.46 while its Price-to-Book (P/B) ratio in mrq is 0.41. Its current Enterprise Value per Revenue stands at 26.38 whereas that against EBITDA is -3.98.
Stock Price History:
Over the past 52 weeks, LICY has reached a high of $6.16, while it has fallen to a 52-week low of $0.35. The 50-Day Moving Average of the stock is 0.5333, while the 200-Day Moving Average is calculated to be 2.6391.
Shares Statistics:
The stock has traded on average 8.07M shares per day over the past 3-months and 34.21M shares per day over the last 10 days, according to various share statistics. A total of 178.20M shares are outstanding, with a floating share count of 120.30M. Insiders hold about 32.81% of the company’s shares, while institutions hold 32.66% stake in the company. Shares short for LICY as of Feb 29, 2024 were 14.88M with a Short Ratio of 1.85, compared to 13.62M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 8.35% and a Short% of Float of 12.46%.
Earnings Estimates
Its stock is currently analyzed by 1 different market analysts. On average, analysts expect EPS of -$0.18 for the current quarter, with a high estimate of -$0.18 and a low estimate of -$0.18, while EPS last year was -$0.22. The consensus estimate for the next quarter is -$0.17, with high estimates of -$0.17 and low estimates of -$0.17.
Analysts are recommending an EPS of between -$0.49 and -$0.67 for the fiscal current year, implying an average EPS of -$0.58. EPS for the following year is -$0.59, with 2 analysts recommending between -$0.5 and -$0.67.
Revenue Estimates
1 analysts predict $6.87M in revenue for the current quarter. It ranges from a high estimate of $6.87M to a low estimate of $6.87M. As of the current estimate, Li-Cycle Holdings Corp’s year-ago sales were $8.12M, an estimated decrease of -15.40% from the year-ago figure.
A total of 2 analysts have provided revenue estimates for LICY’s current fiscal year. The highest revenue estimate was $36.14M, while the lowest revenue estimate was $10.1M, resulting in an average revenue estimate of $23.12M. In the same quarter a year ago, actual revenue was $18.3M, up 26.30% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $70.46M in the next fiscal year. The high estimate is $105.5M and the low estimate is $35.42M. The average revenue growth estimate for next year is up 204.80% from the average revenue estimate for this year.
