Overall market sentiment has been high on Li-Cycle Holdings Corp (LICY) stock lately. LICY receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
Li-Cycle Holdings Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on LICY!
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.
InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.
For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.
What's Happening With LICY Stock Today?
Li-Cycle Holdings Corp (LICY) stock is up 12.6% while the S&P 500 is down -0.12% as of 1:58 PM on Thursday, Nov 30. LICY is higher by $0.10 from the previous closing price of $0.76 on volume of 6,332,818 shares. Over the past year the S&P 500 has risen 14.85% while LICY is down -85.67%. LICY lost -$1.15 per share in the over the last 12 months.
To screen for more stocks like Li-Cycle Holdings Corp click here.
More About Li-Cycle Holdings Corp
Li-Cycle Holdings Corp is a lithium-ion battery resource recovery and the leading lithium-ion battery recycler. Its proprietary Spoke and Hub recycling process is designed at its Spokes, to process battery manufacturing scrap and end-of-life batteries to produce black mass and other intermediate products, and at its Hubs, to process black mass to recover raw materials, including but not limited to lithium carbonate, cobalt sulphate and nickel sulphate.
Click Here to get the full Stock Report for Li-Cycle Holdings Corp stock.
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