In a report released yesterday, Alexander Potter from Piper Sandler maintained a Buy rating on Li-Cycle Holdings (LICY – Research Report), with a price target of $10.00. The company’s shares closed yesterday at $5.36.
According to TipRanks, Potter is a 5-star analyst with an average return of 16.6% and a 44.69% success rate. Potter covers the Industrial Goods sector, focusing on stocks such as Enovix, Lyft, and Uber Technologies.
Li-Cycle Holdings has an analyst consensus of Hold, with a price target consensus of $7.13.
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LICY market cap is currently $940.3M and has a P/E ratio of -19.52.
Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LICY in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Peridot Acquisition Corp is a blank check company.
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