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Home โบ Stocks โบ Li-Cycle Holdings Corp. (LICY) Stock Forecast & Price Prediction Canada | NYSE | Industrials | Waste Management
$0.00
+0.00 (0.00%)Did LICY Make This Month's Elite Buy List?
We don't follow just any analyst โ only the top 3% with a proven track record make our cut. See if Li-Cycle is one of their latest high-conviction picks.
Comprehensive analyst forecasts are currently unavailable for LICY. Please refer to the price chart above for recent performance and trends.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
These are the latest 20 analyst ratings and price targets for LICY.
| Date | Firm | Analyst | Rating | Change | Price Target |
|---|---|---|---|---|---|
| Nov 18, 2024 | UBS | Jon Windham | Neutral | Maintains | $2.25 |
| Apr 19, 2024 | Chardan Capital | Brian Dobson | Neutral | Maintains | $0.75 |
| Nov 16, 2023 | Morgan Stanley | Adam Jonas | Underweight | Maintains | $0.51 |
| Nov 16, 2023 | Chardan Capital | Brian Dobson | Neutral | Downgrade | $N/A |
| Nov 16, 2023 | UBS | Jon Windham | Neutral | Downgrade | $0.75 |
| Oct 23, 2023 | TD Cowen | Jeffrey Osborne | Market Perform | Downgrade | $N/A |
| Aug 16, 2023 | Chardan Capital | Brian Dobson | Buy | Maintains | $7.00 |
| Aug 15, 2023 | Wedbush | Daniel Ives | Outperform | Reiterates | $8.00 |
| Aug 1, 2023 | Chardan Capital | Buy | Reiterates | $N/A | |
| Jun 26, 2023 | Piper Sandler | Overweight | Maintains | $7.00 | |
| May 16, 2023 | Chardan Capital | Brian Dobson | Buy | Reiterates | $8.00 |
| May 4, 2023 | Cantor Fitzgerald | Matthew O'Keefe | Buy | Initiates | $8.50 |
| May 3, 2023 | Chardan Capital | Brian Dobson | Buy | Maintains | $8.00 |
| Mar 31, 2023 | Baird | Shrenik Kothari | Neutral | Maintains | $8.00 |
| Mar 31, 2023 | TD Securities | Jeffrey Osborne | Outperform | Maintains | $8.00 |
| Feb 28, 2023 | Chardan Capital | Brian Dobson | Buy | Reiterates | $10.00 |
| Feb 1, 2023 | Citigroup | PJ Juvekar | Buy | Maintains | $7.00 |
| Jan 31, 2023 | Baird | Ben Kallo | Neutral | Maintains | $7.00 |
| Jan 31, 2023 | Chardan Capital | Brian Dobson | Buy | Maintains | $10.00 |
| Jan 25, 2023 | Morgan Stanley | Adam Jonas | Underweight | Downgrade | $4.00 |
The following stocks are similar to Li-Cycle based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.
Li-Cycle Holdings Corp. has a market capitalization of $3,042 with a P/E ratio of 0.0x. The company generates $28.00M in trailing twelve-month revenue with a -173.6% profit margin.
Revenue growth is -16.7% quarter-over-quarter, while maintaining an operating margin of -270.7% and return on equity of -52.3%.
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Specializes in lithium-ion battery recycling.
The company operates a unique business model focused on the recovery and recycling of lithium-ion batteries. It generates revenue by processing end-of-life batteries and manufacturing scrap to extract valuable materials such as lithium, cobalt, and nickel, using its Spoke and Hub technologies. The Spoke facilities perform initial shredding and separation, while the Hub sites refine the output into high-purity products for battery manufacturers.
Founded in 2016 and headquartered in Toronto, Canada, the company is positioned within the circular economy for energy storage. It addresses the growing demand for electric vehicles by providing sustainable supply chain solutions for battery producers and automotive manufacturers, thus helping to reduce reliance on virgin minerals and minimize environmental impact.
Industrials
Waste Management
240
Mr. Ajay Kochhar
Canada
2020
NYSE has initiated proceedings to delist Li-Cycle Holdings Corp. (LICY) due to regulatory reasons, with immediate suspension of trading in its shares.
Li-Cycle Holdings Corp.'s delisting from the NYSE signals potential financial instability, impacting shareholder value and market perception, which could lead to increased volatility in related investments.
Li-Cycle Holdings Corp. (NYSE:LICY) will begin trading on the OTCQX under the symbol "LICYF" on February 27, 2025, aiming to reduce costs while maintaining efficiency.
Li-Cycle's approval to trade on OTCQX can enhance liquidity and visibility, potentially attracting new investors and reducing costs, which could positively impact its stock performance.
Li-Cycle Holdings Corp. (NYSE: LICY) is partnering with major U.S. battery energy storage companies for lithium-ion battery recycling, having recycled over 100 MWh of energy in 2024.
Li-Cycle's partnerships with major BESS companies enhance its recycling capabilities, potentially increasing revenue and market share in the growing lithium-ion battery sector.
Li-Cycle Holdings Corp. has partnered with a premium automotive OEM to recycle lithium-ion battery materials at its Germany facility, expanding its commercial operations in the EU.
Li-Cycle's new partnership expands its EU operations, ensuring a steady supply of materials for battery recycling. This enhances growth potential and positions the company favorably in the EV market.
Li-Cycle Holdings Corp. has secured an exclusive partnership with a luxury auto OEM to recycle lithium-ion battery manufacturing scrap at its Germany facility, enhancing its feedstock supply in the region.
Li-Cycle's partnership with a luxury auto OEM for battery recycling enhances its market position, potentially increasing revenue and investor confidence in sustainable practices and growth.
Li-Cycle Holdings Corp. supports the Executive Order "Unleashing American Energy," signed by President Trump, which aims to boost domestic energy production, aligning with the company's mission.
Li-Cycle's support for the Executive Order on energy production may boost its growth prospects, potentially increasing investor confidence and impacting stock performance.
Analyst forecasts for Li-Cycle Holdings Corp. (LICY) are not currently available. The stock is trading at $0.00.
According to current analyst ratings, LICY has 1 Buy ratings, 1 Hold ratings, and 0 Sell ratings. The stock is currently trading at $0.00. Always conduct your own research and consider your investment goals before making investment decisions.
Price predictions from Wall Street analysts for LICY are not currently available. The stock is trading at $0.00.
The company operates a unique business model focused on the recovery and recycling of lithium-ion batteries. It generates revenue by processing end-of-life batteries and manufacturing scrap to extract valuable materials such as lithium, cobalt, and nickel, using its Spoke and Hub technologies. The Spoke facilities perform initial shredding and separation, while the Hub sites refine the output into high-purity products for battery manufacturers.
Price targets from Wall Street analysts for LICY are not currently available. The stock is trading at $0.00.
Price targets from Wall Street analysts for LICY are not currently available. The stock is trading at $0.00.
The overall analyst consensus for LICY is neutral. Out of 11 Wall Street analysts, 1 rate it as Buy, 1 as Hold, and 0 as Sell.
Stock price projections, including those for Li-Cycle Holdings Corp., are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.