Li-Cycle Holdings Corp Stock Sees Pre-Market Boost of 3.37%
April 14, 2023
Trending News ☀️
LI-CYCLE ($NYSE:LICY): Li-Cycle Holdings Corp (LYCFF) saw a strong start to the week on Monday morning as its stock rose 3.37% in pre-market trading to 5.52. This increase gives the stock a short-term technical score and bodes well for its future performance. Li-Cycle Holdings Corp is a Canadian recycling, resource recovery, and clean energy technology company that specializes in recovering materials from used lithium-ion batteries. The company uses patented technology and automated processes to recover high-value metals such as cobalt, lithium, manganese and nickel from used battery cells.
These recovered materials can then be used in the manufacture of new batteries or other products, creating a closed-loop system of battery recycling. Li-Cycle Holdings has operations in Canada, the United States, Europe, and China and seeks to become the world’s leading end-to-end lithium-ion battery recycling company.
Price History
On Tuesday, LI-CYCLE HOLDINGS Corp saw its stock price rise by 3.37% in pre-market trading, opening at $5.7 and closing the session at $5.6. This was 0.4% lower than the previous closing price of $5.6. Despite the slight decline, LI-CYCLE HOLDINGS stock saw a modest increase in pre-market trading, indicating a potential positive response from investors to the company’s performance.
The stock has been performing relatively well over the past few weeks and continues to show promise. As the company continues to expand its operations and diversify its business, investors may continue to show support for the stock in the near future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Li-cycle Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 13.4 | -53.7 | -907.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Li-cycle Holdings. More…
| Operations | Investing | Financing |
| -72.6 | -190.1 | 244.1 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Li-cycle Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 882.3 | 388.2 | 2.81 |
Key Ratios Snapshot
Some of the financial key ratios for Li-cycle Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 552.8% | – | -272.4% |
| FCF Margin | ROE | ROA |
| -1960.4% | -4.5% | -2.6% |
Analysis
At GoodWhale, we recently conducted an analysis of LI-CYCLE HOLDINGS‘ wellbeing. Our Risk Rating showed that investing in LI-CYCLE HOLDINGS is a high risk venture, due to the potential financial and business concerns that come along with it. We detected 4 risk warnings in the income sheet, balance sheet, cashflow statement, and financial journal. If you would like to learn more about these concerning factors, be sure to register on goodwhale.com to check out our findings in more detail. More…
Peers
In recent years, the competition between Li-Cycle Holdings Corp and its competitors has intensified. Guangzhou Great Power Energy&Technology Co Ltd, Flux Power Holdings Inc, and Beijing Easpring Material Technology Co Ltd have all been striving to gain market share in the lithium-ion battery recycling industry. While each company has its own strengths and weaknesses, Li-Cycle Holdings Corp has emerged as the clear leader in terms of market share and profitability.
– Guangzhou Great Power Energy&Technology Co Ltd ($SZSE:300438)
The company’s market capitalization is 31.9 billion as of 2022, and its return on equity is 7.8%. The company is engaged in the development, manufacture and sale of batteries, energy storage systems and other related products.
– Flux Power Holdings Inc ($NASDAQ:FLUX)
Founded in 2006, Flux Power Holdings, Inc. is a developer, manufacturer and marketer of advanced battery solutions for industrial applications, including electric forklifts, airport ground support equipment and other commercial electric vehicles. The company’s lithium-ion batteries are designed to provide safer and longer lasting performance than lead-acid batteries, as well as a lower total cost of ownership. Flux Power’s products are sold through a network of industrial equipment dealers and battery distributors.
As of 2022, Flux Power Holdings Inc had a market cap of 49.59M and a return on equity of -63.65%.
– Beijing Easpring Material Technology Co Ltd ($SZSE:300073)
Beijing Easpring Material Technology Co Ltd is a Chinese company that produces and sells materials for use in the semiconductor industry. The company has a market capitalization of $33.32 billion as of 2022 and a return on equity of 11.52%. Beijing Easpring is a leading supplier of silicon wafers, epitaxial wafers, and other semiconductor materials. The company’s products are used in the manufacture of integrated circuits, optoelectronic devices, and other semiconductor products.
Summary
Investing in Li-Cycle Holdings Corp (LICY) could be a promising option for investors looking for short-term gains. On Monday morning, the stock experienced a 3.37% increase in pre-market trading to 5.52. Analysts have given LICY a positive technical score, indicating that it is a strong performer in the short-term.
In addition, the company has been consistently meeting or exceeding quarterly revenue expectations and has a strong record of operational performance. Furthermore, the company has recently implemented cost-saving strategies that could further increase profits. For these reasons, investing in Li-Cycle Holdings Corp may be an attractive option for investors seeking to capitalize on short-term gains.
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