Li-Cycle (NYSE:LICY – Get Rating) announced its quarterly earnings data on Wednesday. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.08), Fidelity Earnings reports. Li-Cycle had a negative return on equity of 15.16% and a negative net margin of 1,097.02%. During the same period last year, the business earned ($2.67) EPS.
Li-Cycle Trading Down 6.4 %
LICY opened at $6.29 on Friday. Li-Cycle has a twelve month low of $5.87 and a twelve month high of $14.28. The company has a quick ratio of 26.98, a current ratio of 27.12 and a debt-to-equity ratio of 0.17. The company has a fifty day moving average of $7.01 and a 200-day moving average of $7.33. The stock has a market cap of $1.06 billion, a PE ratio of -4.43 and a beta of 0.59.
Wall Street Analyst Weigh In
Several analysts have recently issued reports on LICY shares. Cowen decreased their price target on Li-Cycle from $14.00 to $10.00 and set an “outperform” rating for the company in a research note on Wednesday, June 15th. BMO Capital Markets dropped their price target on shares of Li-Cycle from $12.00 to $10.00 and set an “outperform” rating for the company in a research report on Thursday. Chardan Capital dropped their price objective on shares of Li-Cycle from $18.00 to $13.00 and set a “buy” rating for the company in a report on Thursday. Cowen decreased their price target on shares of Li-Cycle from $14.00 to $10.00 in a research note on Wednesday, June 15th. Finally, Morgan Stanley reduced their target price on shares of Li-Cycle from $10.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Friday, June 3rd. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $11.30.
Institutional Trading of Li-Cycle
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.
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