Where Does Wall Street Think Li-Cycle Holdings Corp (LICY) Stock Will Go?

InvestorsObserver is giving Li-Cycle Holdings Corp (LICY) an Analyst Rating Rank of 14, meaning LICY is ranked higher by analysts than 14% of stocks. The average price target for LICY is $2.252 and analyst’s rate the stock as a Buy.

Wall Street analysts are rating LICY a Buy today. Find out what this means to you and get the rest of the rankings on LICY!

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Why are Analyst Ratings Important?

A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement. InvestorsObserver averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.

What's Happening With Li-Cycle Holdings Corp Stock Today?

Li-Cycle Holdings Corp (LICY) stock is trading at $0.83 as of 10:03 AM on Friday, Dec 1, a loss of -$0.05, or -5.76% from the previous closing price of $0.88. The stock has traded between $0.74 and $0.92 so far today. Volume today is low. So far 1,023,748 shares have traded compared to average volume of 7,730,242 shares. Click Here to get the full Stock Report for Li-Cycle Holdings Corp stock.