On Wednesday, the findings of Li-most Cycle’s most recent quarterly financial report were disclosed to the public. Li-Cycle trades on the New York Stock Exchange under the LICY (Get Rating) symbol. The company reportedly posted earnings per share for the quarter of $0.21, which is $0.21 less than the average estimate of a loss of $0.13 per share for the period. This information comes from Fidelity Earnings. The company’s return on equity and net margin were in the red for Li-Cycle. The net margin was down 1,097.02%, and the return on equity was down 16.02%. The company’s revenue per share was $2.67 in negative territory compared to the same quarter the year prior. At the start of trading on Thursday, the price of LICY was $6.72 on the New York Stock Exchange (NYSE). The company’s price-to-earnings ratio is -1.62, and its beta value is 0.59.
The value of the company’s stock is 0.59. The current value of the corporation, as measured by its market capitalization, is 1.14 billion dollars. The simple moving average price of the company’s shares over the previous 50 days is $7.01, and the average price for the last 200 days is $7.33. A debt-to-equity ratio of 0.17, a current ratio of 27.12, a quick ratio of 26.98, and a current ratio of 27.12 are all present. The current value of $5.87 represents a 52-week low, while the current value of $14.28 is the 52-week high for the Li-52-week cycle. Only very recently, several institutional investors and hedge funds adjusted the percentage of the company that was held in each of their portfolios. In the first three months of the year, Invesco Ltd. increased the number of Li-Cycle shares by 7.8 percentage points.
Invesco Ltd. now holds a total of 2,989,030 shares of the company’s stock following the acquisition of an additional 217,362 shares during the most recent quarter.
The current market value of Invesco Ltd.’s stock is $25,258,000. The State Street Corporation invested $12,762,000 in Li-Cycle during the second quarter of the fiscal year. During the second quarter, Macquarie Group Ltd. increased the proportion of Li-Cycle stock owned by 17.5%. Macquarie Group Ltd. now holds 1,249,846 shares in the company following purchasing an additional 186,565 shares during the most recent quarter. The value of the company’s whole shareholding portfolio is currently $8,599,000. During the first three months, First Trust Advisors LP increased its investment in Li-Cycle by making purchases totaling about $9,978,000.00. Last but certainly not least, during the second quarter of 2018, Northern Trust Corporation made a fresh investment of $6,039,000 in Li-Cycle. Institutional investors and hedge funds hold a combined total of 35.72% of the company’s shares. In recent years, LICY has been successful in attracting the attention of several different brokerage businesses.
In a research report published on Thursday, Robert W. Baird lowered their price objective for Li-Cycle.
The new price target is $8.00, down from $11.00. In a research note issued on Friday, June 3rd, Morgan Stanley decreased their price objective on Li-Cycle stock from $10.00 to $8.00 in a research note. In addition, the investment bank gave the company a rating of “equal weight” for its performance. In a report that was made public on June 15th, Cowen disclosed their intention to reduce its pricing objective for lithium-ion batteries from $14.00 to $10.00. Last but not least, Cowen lowered their “outperform” rating on Li-Cycle and lowered their target price for the stock from $14.00 to $10.00 in a research note that was published on June 15th. There have been six recommendations to acquire the stock, and one of the equity research specialists has granted it a buy rating. In total, seven people have suggested buying the stock.
The company is currently classified as having an average rating of “Moderate Buy,” and the consensus price objective for the company is $12.00, as stated by MarketBeat.com. Li-Cycle Holdings Corp. actively participates in the North American market for resource recovery and recycling lithium-ion batteries. The company’s full name is Li-Cycle Holdings Corp. The company offers a wide array of cathode and anode battery materials and metals, such as graphite, copper, and aluminum, as well as lithium, nickel, and cobalt, as its primary components. Graphite is another product that the company offers for sale.