How to buy LiCycle (LICY:NYSE) stocks

Li-Cycle Corporation, a closed-loop lithium-ion battery recycler, has gone public following the successful completion of its merger with Peridot Acquisition Corp., a special purpose acquisition company (SPAC). Here's how investors in Canada can buy Li-Cycle Corp. stock.

How to buy shares in LiCycle

Open a brokerage account. Choose from our top broker picks or compare brokers in depth. Then, complete an application.
Fund your account. Add money to your account via bank transfer, debit card or credit card.
Search the platform by ticker symbol. LICY in this case.
Choose an order type. Place a market order or limit order with your preferred number of shares or dollar amount.
Submit the order. It's that simple.

The whole process can take as little as 15 minutes. You'll need a smartphone or computer, an internet connection, your passport or driving licence and a means of payment.

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Is it a good time to buy LiCycle stock?

Review technicals and fundamentals to help you determine if now's a good time for you to invest.

Technical analysis

View LiCycle's price performance, share price volatility, historical data and technicals.

Use our graph to track the performance of LICY stock over time.

Historical closes compared with the last close of $2.27

1 week (2024-11-12)
1 month (2024-10-19)	<svg class="luna-icon luna-icon--success"><use xlink:href="#arrow-up"></use></svg>23.37%
3 months (2024-08-19)	<svg class="luna-icon luna-icon--error"><use xlink:href="#arrow-down"></use></svg>-38.48%
6 months (2024-05-19)	<svg class="luna-icon luna-icon--error"><use xlink:href="#arrow-down"></use></svg>-58.01%
1 year (2023-11-19)	<svg class="luna-icon luna-icon--error"><use xlink:href="#arrow-down"></use></svg>-80.02%
2 years (2022-11-19)	<svg class="luna-icon luna-icon--error"><use xlink:href="#arrow-down"></use></svg>-94.99%
3 years (2021-11-19)	<svg class="luna-icon luna-icon--error"><use xlink:href="#arrow-down"></use></svg>-97.76%
5 years (2019-11-19)

The gauge below shows real-time ratings that are based on 26 popular indicators such as moving averages, for specific time periods. It's not a recommendation but is simply technical analysis that can form part of your research.

Finder might not agree with the analysis and we take no responsibility. We also give no representations or warranty on the accuracy or completeness of the information provided on this page.

Is LiCycle under- or over-valued?

Valuing a stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of overall performance. However, analysts commonly use some key metrics to help gauge value. Check out the LiCycle P/E ratio, PEG ratio and EBITDA.

P/E ratio
LiCycle PEG ratio

LiCycle's current stock price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 0x. In other words, LiCycle's stocks trade at around 0x recent earnings.

That's relatively high compared to, say, the trailing 12-month P/E ratio for the United States stock markets on average as of November 09, 2023 (20.44). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

However, LiCycle's P/E ratio is best considered in relation to those of others within the industry or those of similar companies.

Aqua Metals (AQMS.US): 0.00
Livent (LTHM.US): 9.17
Plug Power (PLUG.US): 0.00

LiCycle's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give None. Higher PEG ratios such as this can be interpreted as meaning the shares offer worse value given the current rate of growth.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into LiCycle's future profitability. By accounting for growth, it could also help you if you're comparing the stock prices of multiple high-growth companies.

However, it's sensible to consider LiCycle's PEG ratio in relation to those of similar companies.

Livent (LTHM.US): 0.22

Frequently asked questions

LiCycle's shares were split on a 1:8 basis on 3 June 2024. So if you had owned 8 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your LiCycle shares – just the quantity. However, indirectly, the new 700% higher share price could have impacted the market appetite for LiCycle shares which in turn could have impacted LiCycle's share price.
It's as easy to sell LiCycle as it is to buy! Here's how to sell LiCycle stocks that you already own.
1. Open your investment app. If you've got one with desktop access, you can log in online
2. Go to your portfolio. This should be in the main menu
3. Find your shares. You may be able to search your portfolio
4. Choose how many you'd like to sell. You'll be able to review the price and see how much you'll receive
5. Sell your LiCycle shares. Your investment platform will let you know when your shares are sold

LiCycle financials

Revenue TTM	$27.4 million
Gross profit TTM	$-3,200,000
Return on assets TTM	-9.33%
Return on equity TTM	-42.58%
Profit margin	0%
Book value	$12.73
Market capitalisation	$53.6 million

TTM: trailing 12 months

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.