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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 $4.24, up 7.61% from the previous day, and has decreased 91.15% in one year. It has underperformed other stocks in the Waste Management industry by 0.97 percentage points. Li Cycle Holdings stock is currently +53.35% from its 52-week low of $2.77, and -91.39% from its 52-week high of $49.25.

There are currently 22.39M shares of LICY outstanding. The market value of LICY is $94.91M. In the last 24 hours, 358,620 LICY shares were traded.

How to Buy Li Cycle Holdings Stock

Wondering how to invest in Li Cycle Holdings stock? Here's how.
  1. 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.
  2. Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
  3. Fund your investment account: Select your method of payment and add your information.
  4. 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).
  5. 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.
  6. 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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Step 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.

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Step 3: Fund your investment account

Now that you've opened your account on apps for stock market, you need to deposit funds:

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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

LICY Price
$4.24
1w %
-7.42%
1y %
-91.15%
5y %
N/A
P/E
-0.4x
P/B
0.39x
P/S
5.02x
PEG
N/A
Revenue
$18.90M
Earnings
-$235.30M
Fore. Rev. Growth
1,942.43%
Fore. Earn. Growth
N/A
Market Cap
$94.91M
Next Earnings
Aug 12, 2024
Next Dividend
N/A

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 0.39x, relative to Waste Management industry P/B ratio of 6.32x

You can do additional valuation research on LICY's stock here.

Is LICY a healthy company?

Positive Health Checks:

  • There are more short-term assets than short-term liabilities on the LICY balance sheet.
  • Total LICY debt is lower than 5 years ago, relative to shareholder equity.

Negative Health Checks:

  • LICY has a relatively high debt to equity ratio of 2.84.
  • LICY has $118.70M in cash and short term investments. This is not enough to cover its annual cash burn of $363.00M.
  • LICY profit margin has gone down from N/A to -1,245% in the past year.
  • LICY has cash burn of 363000000. It does not have sufficient cash and short-term investments to cover this.
  • There are more long-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 1 sell side analysts who give forecasts on LICY, the consensus analyst rating on Li Cycle Holdings is a Hold

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

SMA10
4.46
SMA20
5.18
SMA50
4.69
SMA100
5.42
SMA200
7.22
MACD
-0.18
MACD Signal
0
MACD Histogram
-0.18
RSI
44.95
Stochastic %K
5.38
Stochastic %D
4.07
StochRSI %K
5.1
StochRSI %D
2.71

Is LICY Making Money?

Last year, LICY revenue was $18.90M. Over the past four year, LICY's revenue has grown by 76.82% per year. This was faster than the Waste Management industry average of 9.14%.

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 $27,837.44 worth of LICY stock on May 28, 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.

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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:

  1. Choose where to buy Li Cycle Holdings stock
  2. Create a brokerage account
  3. Fund your investment account
  4. Research Li Cycle Holdings stock
  5. Make your LICY purchase
  6. Keep tabs on your investment in LICY

If you need a brokerage account, eToro is our recommended option.

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If you want to keep an eye on your new investment in Li Cycle Holdings, add LICY to your watchlist below.

NYSE: LICY
$4.24+0.30 (+7.61%)
Updated Jul 16, 2024
Open eToro Account
NYSE: LICY
$4.24+0.30 (+7.61%)
Updated Jul 16, 2024
Open eToro Account

FAQ

How much does it cost to buy one Li Cycle Holdings share?

As of Jul 16, 2024, it costs $4.24 to buy one share of Li Cycle Holdings stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $2, you can buy 0.472 shares of LICY.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Li Cycle Holdings stock?

According to 1 Wall Street analysts who monitor Li Cycle Holdings, their consensus recommendation is to hold Li Cycle Holdings stock.

What is the best way to buy Li Cycle Holdings stock?

One way to place an order for Li Cycle Holdings stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.