How to Buy Li Cycle Holdings Stock
Li Cycle Holdings Corp
Peridot Acquisition Corp. focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities.
Li Cycle Holdings stock last closed at $0.71, up 0.14% from the previous day, and has decreased 84.17% in one year. It has underperformed other stocks in the Waste Management industry by 1.06 percentage points. Li Cycle Holdings stock is currently +101.71% from its 52-week low of $0.35, and -88.53% from its 52-week high of $6.16.
There are currently 179.05M shares of LICY outstanding. The market value of LICY is $126.41M. In the last 24 hours, 1.32M LICY shares were traded.
How to Buy Li Cycle Holdings Stock
Wondering how to invest in Li Cycle Holdings stock? Here's how.
- Choose where to buy Li Cycle Holdings stock: You need to pick a stock brokerage, but don't worry - we've analyzed dozens of online brokerages and apps to help you determine where to buy Li Cycle Holdings stock.
- Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Fund your investment account: Select your method of payment and add your information.
- Research Li Cycle Holdings stock: The Li Cycle Holdings ticker symbol is LICY. Is Li Cycle Holdings stock a good investment? Should you buy shares of LICY? How do LICY's underlying business fundamentals look? Do top analysts think Li Cycle Holdings is a good buy? Why has LICY's stock price moved recently? (Hint: Our stock market research website can help you decide if LICY is a good stock to buy).
- Make your LICY purchase: Decide if you will purchase LICY shares at the current market price or use a limit order to buy LICY shares at a specific price.
- Keep tabs on your investment in LICY: Create a watchlist to track your new investment in Li Cycle Holdings shares.
Step 1: Choose where to buy Li Cycle Holdings stock
You need an online brokerage account in order to access the NYSE market and buy LICY shares.
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Open eToro AccountStep 2: Create a brokerage account
Now that you've selected the best brokerage, you need to fill out some personal information so you can buy LICY today.
How to Start a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal data to open your new brokerage account.
- Send your data by pressing the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you've opened your account on apps for stock market, you need to deposit funds:
Check out the video below for more details depositing money into your investment account.
Step 4: Research Li Cycle Holdings stock
After you have identified the best place to buy Li Cycle Holdings stock, it's absolutely critical to evaluate their stock prior to investing, so you actually understand the risk and upside.
Li Cycle Holdings quick stats
Fundamentals of Li Cycle Holdings
WallStreetZen was created to help part-time investors perform more accurate fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on LICY's stock page.
What is the fair value of LICY stock?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge LICY's intrinsic value.
Using relative valuations metrics:
- LICY could be undervalued based on its P/B ratio of 0.34x, relative to Waste Management industry P/B ratio of 5.73x
You can do additional valuation research on LICY's stock here.
Is LICY a healthy company?
Positive Health Checks:
- Total LICY debt is lower than 5 years ago, relative to shareholder equity.
Negative Health Checks:
- There are more long-term liabilities than short-term assets on the LICY balance sheet.
- LICY has a relatively high debt to equity ratio of 1.35.
- LICY has $80.30M in cash and short term investments. This is not enough to cover its annual cash burn of $434.70M.
- LICY profit margin has gone down from N/A to -754.1% in the past year.
- LICY has cash burn of 434700000. It does not have sufficient cash and short-term investments to cover this.
- There are more short-term liabilities than short-term assets on the LICY balance sheet.
Is Li Cycle Holdings stock a Buy, Hold, or Sell, according to analysts?
Out of 3 sell side analysts who give forecasts on LICY, the consensus analyst rating on Li Cycle Holdings is a Sell
It's important to keep in mind that analyst forecasts are not stock recommendations, nor are they financial advice.
You can dig deeper into what analysts are saying on the Li Cycle Holdings stock forecast page.
LICY Technical Indicators
Is LICY Making Money?
Last year, LICY revenue was $18.30M. Over the past four year, LICY's revenue has grown by 79.61% per year. This was faster than the Waste Management industry average of 9.09%.
You can research LICY's earnings and revenue performance here.
Latest Insiders Trades at LICY
In the last 12 months, executives and large shareholders at LICY have sold more shares than they have bought.
Mark Wellings, Director of LICY, was the latest LICY insider to sell. They sold $10,350.76 worth of LICY stock on May 1, 2024.
Learn more about who owns LICY shares here.
Can I rely on LICY as an income stream?
No, Li Cycle Holdings doesn't provide an income stream by paying out dividends.
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Step 5: Make your LICY purchase
You have two primary order types:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are mostly fine. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a particular price limit, place a limit order.
Click the Open Trade button and your broker will place your order.
If you want more info about buying stocks on eToro, watch the helpful video below:
Step 6: Keep tabs on your investment in LICY
Now that you own some LICY shares, you'll want to stay up-to-date on your new investment.
Add LICY to a watchlist to track the most important metrics related to your LICY stock.
LICY Feed
How to Buy Stock in Li Cycle Holdings
To reiterate, here are the 6 steps to buy stock in Li Cycle Holdings:
- Choose where to buy Li Cycle Holdings stock
- Create a brokerage account
- Fund your investment account
- Research Li Cycle Holdings stock
- Make your LICY purchase
- Keep tabs on your investment in LICY
If you need a brokerage account, eToro is our recommended option.
Get Started with eToro TodayIf you want to keep an eye on your new investment in Li Cycle Holdings, add LICY to your watchlist below.
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