Streetbeat News

LICY

Li-Cycle Holdings Corp.

Industry

Waste Management

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. It also provides lithium carbonate, cobalt sulphate, nickel sulphate, and manganese carbonate. The company is headquartered in Toronto, Ontario.

Open

2.28

Mkt cap

48M

Volume

1.4M

High

2.32

P/E Ratio

-0.37

52-wk high

15.36

Low

2.00

Div yield

N/A

52-wk low

1.22

During Monday's intraday session, several industrials stocks experienced significant movements. Gainers included VCI Global, Southland Holdings, Performance Shipping, Recruiter.Com Group, Capstone Green Energy, and American Superconductor. Losers included Fathom Digital Mfg, WANG & LEE Group, TPI Composites, 1847 Holdings, Li-Cycle Holdings, and iSun. Several companies released their Q2 earnings.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 5:31 pm

The article lists the stocks that gained and lost the most in Monday's mid-day session. Zynerba Pharmaceuticals, Taysha Gene Therapies, Hanryu Holdings, TMC the metals company, and United States Steel Corporation were among the top gainers. On the other hand, BioXcel Therapeutics, Hawaiian Electric Industries, Aurora Acquisition Corp., AMC Entertainment Holdings, and Jet.AI Inc. were among the top losers.

Portfolio Pulse from Lisa Levin

August 14, 2023 | 4:49 pm

Li-Cycle Holdings reported worse-than-expected Q2 revenue results, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 4:13 pm

Li-Cycle Holdings Corp. (NYSE:LICY) reported Q2 2023 sales of $3.6 million, missing the consensus of $8.03 million. The reduction in market prices of cobalt and nickel impacted revenues. The company's EPS loss of $(0.20) aligned with the consensus estimate. Adjusted EBITDA loss widened from $(30.6) million to $(39.7) million. Q2 operating expenses increased to $46.1 million, primarily due to higher raw material and supply costs. The company held $288.8 million in cash and equivalents at the end of the quarter. LICY shares are trading lower by 10.7% at $4.91.

Portfolio Pulse from Nabaparna Bhattacharya

August 14, 2023 | 3:15 pm

Li-Cycle Holdings Corp has reaffirmed its business outlook for 2023.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 3:11 pm

Li-Cycle Holdings (NYSE:LICY) reported Q2 earnings per share of $(0.20), in line with analyst consensus. However, the company's sales of $3.60 million missed the estimated $8.03 million by 55.17%, marking a 58.40% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 10:20 am

Li-Cycle Holdings (NYSE:LICY) is set to release its latest quarterly earnings report on Monday, 2023-08-14. Analysts estimate an earnings per share (EPS) of $-0.20. The company's past performance shows a pattern of share price changes following earnings reports. Shares of Li-Cycle Holdings were trading at $5.61 as of August 10, with a 52-week period decline of 30.72%.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 2:01 pm

Li-Cycle Holdings (NYSE:LICY) has received 3 bullish and 1 somewhat bullish ratings in the last quarter, with no indifferent or bearish ratings. The average 12-month price target for the company is $7.88, a 21.2% decrease from the previous average of $10.00.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 10:15 am

Chardan Capital analyst Brian Dobson has reiterated a 'Buy' rating on Li-Cycle Holdings (NYSE:LICY) and maintained an $8 price target.

Portfolio Pulse from richadhand@benzinga.com

August 04, 2023 | 9:38 am

Li-Cycle Holdings Corp (NYSE:LICY) has signed a memorandum of understanding (MOU) with EVE Energy Co Ltd to explore lithium-ion battery recycling solutions for EVE battery materials. The MOU includes recycling collaborations on battery manufacturing scrap generated at EVE's planned lithium-ion battery cell manufacturing facilities in Malaysia and Hungary. The partnership will support EVE’s sustainability goals with a closed-loop supply solution.

Portfolio Pulse from Shivani Kumaresan

July 11, 2023 | 12:33 pm

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