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 Thursday's intraday session, several industrial stocks experienced significant movements. ShiftPixy (PIXY) saw a 33.1% increase, while ESGL Holdings (ESGL) dropped by 30.4%. Other notable gainers included Air T (AIRTP), Singularity Future Tech (SGLY), Recruiter.Com Group (RCRT), Li-Cycle Holdings (LICY), and 1847 Holdings (EFSH). On the losing side, View (VIEW), BioNexus Gene Lab (BGLC), Fusion Fuel Green (HTOO), iSun (ISUN), and Applied UV (AUVI) saw their stock prices decline.

Portfolio Pulse from Benzinga Insights

November 30, 2023 | 5:31 pm

Glencore PLC plans to build a pilot EV battery recycling plant outside Italy and is considering Sardinia for a larger facility. The move aims for faster project commissioning and aligns with expected EU regulations on critical raw materials. Glencore's Sardinian unit communicated this in a letter to Italy's ministries. The company, in partnership with Li-Cycle Holdings Corp, previously announced a two-phase approach to the Portovesme Hub project. Glencore's copper production fell by 5% Y/Y due to asset sales and lower by-product production. Glencore's stock (GLCNF) closed down 1.83% at $5.64.

Portfolio Pulse from Lekha Gupta

November 24, 2023 | 12:34 pm

In Monday's intraday session, several industrial stocks experienced significant movements. HireRight Holdings (HRT) saw a 25.3% increase, Li-Cycle Holdings (LICY) rose by 19.9%, and FiscalNote Holdings (NOTE) increased by 18.73%. BioNexus Gene Lab (BGLC), Satellogic (SATL), and Tigo Energy (TYGO) also saw gains. Conversely, WANG & LEE Group (WLGS), Greenland Technologies (GTEC), Sunrise New Energy (EPOW), Nxu (NXU), Fathom Digital Mfg (FATH), and Staffing 360 Solutions (STAF) experienced declines. Notably, earnings reports were released for FiscalNote Holdings, Greenland Technologies, Fathom Digital Mfg, and Staffing 360 Solutions.

Portfolio Pulse from Benzinga Insights

November 20, 2023 | 5:31 pm

The article highlights three oversold industrial stocks with RSI values near or below 30, suggesting potential for short-term growth. Li-Cycle Holdings Corp. (LICY) is exploring strategic alternatives and conserving cash. FREYR Battery (FREY) reported a narrower quarterly loss and is focusing on financial strength. FiscalNote Holdings, Inc. (NOTE) achieved Adjusted EBITDA profitability ahead of schedule but reported worse-than-expected revenue.

Portfolio Pulse from Lisa Levin

November 20, 2023 | 12:11 pm

Wall Street analysts have updated their price targets and ratings for several companies. Mizuho raised Intel's target from $37 to $50 and upgraded it to Buy, causing a 3% gain in shares. Other companies like Global-e Online, Target, and Catalent saw target increases, while Alcon, ZIM Integrated Shipping, Advance Auto Parts, Plug Power, and Li-Cycle Holdings faced target cuts and downgrades. Pre-market trading reflected these changes with varying stock price movements.

Portfolio Pulse from Lisa Levin

November 16, 2023 | 1:07 pm

Morgan Stanley analyst Adam Jonas has maintained an Underweight rating on Li-Cycle Holdings (LICY) and significantly lowered the price target from $4 to $0.51.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 12:52 pm

Chardan Capital analyst Brian Dobson has downgraded Li-Cycle Holdings (NYSE:LICY) from Buy to Neutral, indicating a change in the firm's outlook on the stock.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 11:32 am

UBS analyst Jon Windham has downgraded Li-Cycle Holdings (LICY) from Buy to Neutral and significantly reduced the price target from $9 to $0.75.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 11:15 am

Beyond Air, Inc. (XAIR) shares dropped by 37.3% to $1.2701 due to weaker than expected quarterly results, with a loss of 51 cents per share and sales of $239,000 against expectations of $480,000. Other stocks experienced significant movements in Tuesday's mid-day session, with notable gainers including BioCardia, Inc. (BCDA), reAlpha Tech Corp. (AIRE), and Theseus Pharmaceuticals, Inc. (THRX), among others. Losers included Li-Cycle Holdings Corp. (LICY) and The Beauty Health Company (SKIN), which both saw sharp declines after reporting disappointing financial results.

Portfolio Pulse from Lisa Levin

November 14, 2023 | 7:05 pm

Li-Cycle Holdings' stock price is trading lower following the release of their Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 5:15 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.