Li-Cycle (LICY) to Release Quarterly Earnings on Thursday

Li-Cycle (NYSE:LICY) will be issuing its quarterly earnings data before the market opens on Thursday, August 8th.

Li-Cycle (NYSE:LICY) last released its quarterly earnings data on Friday, May 10th. The company reported ($6.08) earnings per share for the quarter. Li-Cycle had a negative return on equity of 44.25% and a negative net margin of 1,244.97%. The business had revenue of $4.20 million during the quarter, compared to analysts’ expectations of $4.51 million.

Li-Cycle Trading Down 7.2 %

NYSE LICY opened at $3.10 on Friday. Li-Cycle has a fifty-two week low of $2.77 and a fifty-two week high of $47.80. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.11 and a current ratio of 1.16. The stock has a 50 day simple moving average of $4.23 and a two-hundred day simple moving average of $4.87. The stock has a market cap of $69.41 million, a P/E ratio of -0.30 and a beta of 1.56.

Wall Street Analyst Weigh In

Separately, Chardan Capital reiterated a “neutral” rating and issued a $6.00 price objective on shares of Li-Cycle in a report on Friday, April 19th.

Insider Activity

In related news, Director Mark Wellings sold 6,408 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $4.32, for a total transaction of $27,682.56. Following the completion of the transaction, the director now owns 51,280 shares of the company’s stock, valued at approximately $221,529.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 17.68% of the stock is currently owned by company insiders.

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.