Momentum Is Strong For Li-Cycle Holdings Corp (NYSE: LICY)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Earlier, Yahoo Finance discussed this stock as it revealed Li-Cycle Announces $75 Million Strategic Investment from Glencore.

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Stocks Info

This NYSE-listed company operates within the Waste Management industry segment, falling under the Industrials sector. At the end of the last regular session, the stock closed at $0.80 and fluctuated between $0.9000 as its day high and $0.6539 as its day low. The current market capitalization of Li-Cycle Holdings Corp is $142.55M. A total of 75.47 million shares were traded on the day, compared to an average of 4.27M shares.

In the most recent transaction, Simpson Debbie sold 81,845 shares of LICY for 0.41 per share on Feb 01 ’24. After the transaction, the Chief Financial Officer now owns 357,447 company shares. In a previous transaction on Feb 01 ’24, Johnston Timothy sold 10,929 shares at 0.41 per share. LICY shares that Executive Chairman & Director owns now total 555,256.

Among the insiders who sold shares, Kochhar Ajay disposed of 10,929 shares on Feb 01 ’24 at a per-share price of $0.41. This resulted in the President and CEO holding 275,365 shares of LICY after the transaction. In another insider transaction, DeLuca Carl sold 3,372 shares at $0.41 per share on Feb 01 ’24. Company shares held by the insider now total 81,942.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, LICY has a high of $6.16 and a low of $0.35.

As of this writing, LICY has an earnings estimate of -$0.22 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of -$0.22 per share and a lower estimate of -$0.23. The company reported an EPS of -$0.2 in the last quarter, which was -11.10% lower than expectations of -$0.18.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. LICY’s latest balance sheet shows that the firm has $596.90M in Cash & Short Term Investments as of fiscal 2021. There were $130.30M in debt and $21.60M in liabilities at the time. Its Book Value Per Share was $1.70, while its Total Shareholder’s Equity was $433.70M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for LICY is Buy with a score of 3.40.

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