NYSE:LOCL Local Bounti - LOCL Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Local Bounti Co. Please log in to your account or sign up in order to add this asset to your watchlist. $0.50 -0.08 (-13.15%) (As of 03/21/2023 12:24 PM ET) Add Compare Share Share Today's Range$0.47▼$0.5550-Day Range$0.35▼$1.1552-Week Range$0.30▼$9.66Volume147,909 shsAverage Volume319,569 shsMarket Capitalization$51.84 millionP/E RatioN/ADividend YieldN/APrice Target$2.75 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Local Bounti MarketRank™ ForecastAnalyst RatingHold2.00 Rating ScoreUpside/Downside387.2% Upside$2.38 Price TargetShort InterestBearish9.92% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.40Based on 7 Articles This WeekInsider TradingSelling Shares$13,110 Sold Last QuarterProj. Earnings GrowthGrowingFrom ($1.25) to ($0.82) Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.32 out of 5 starsConsumer Staples Sector53rd out of 136 stocksAgricultural Production - Crops Industry6th out of 10 stocks 3.3 Analyst's Opinion Consensus RatingLocal Bounti has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $2.38, Local Bounti has a forecasted upside of 387.2% from its current price of $0.49.Amount of Analyst CoverageLocal Bounti has only been the subject of 1 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted9.92% of the float of Local Bounti has been sold short.Short Interest Ratio / Days to CoverLocal Bounti has a short interest ratio ("days to cover") of 14, which indicates bearish sentiment.Change versus previous monthShort interest in Local Bounti has recently decreased by 5.38%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldLocal Bounti does not currently pay a dividend.Dividend GrowthLocal Bounti does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for LOCL. Previous Next 2.4 News and Social Media Coverage News SentimentLocal Bounti has a news sentiment score of 0.40. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Consumer Staples companies.News Coverage This WeekMarketBeat has tracked 7 news articles for Local Bounti this week, compared to 1 article on an average week.Search Interest4 people have searched for LOCL on MarketBeat in the last 30 days. MarketBeat FollowsOnly 2 people have added Local Bounti to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days. Previous Next 4.2 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Local Bounti insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $13,110.00 in company stock.Percentage Held by Insiders41.50% of the stock of Local Bounti is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions65.27% of the stock of Local Bounti is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Local Bounti are expected to grow in the coming year, from ($1.25) to ($0.82) per share.Price to Book Value per Share RatioLocal Bounti has a P/B Ratio of 0.41. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Local Bounti (NYSE:LOCL) StockLocal Bounti Corporation grows fresh greens and herbs in the United States. It produces lettuce, herbs, and loose-leaf lettuce. The company sells its products to food retailers and food service distributors. Local Bounti Corporation was founded in 2018 and is headquartered in Hamilton, Montana.Read More Receive LOCL Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Local Bounti and its competitors with MarketBeat's FREE daily newsletter. Email Address LOCL Stock News HeadlinesFebruary 27, 2023 | marketbeat.comFour Vegan Food Stocks Performing Beyond the Norm (LOCL)After Beyond Meat, Inc reported better-than-expected results investors may be interested in how other companies in the plant-based meat industry could compete.March 20, 2023 | msn.comDeutsche Bank picks winners and losers in the consumer staples sectorMarch 21, 2023 | Upexi, Inc (Ad)The Stock That Is Flying Under Wall St. RadarWith The Founder OF XPO Logistics Leading The Way This Nasdaq Company is Ready and GOING!March 20, 2023 | americanbankingnews.comDeutsche Bank Aktiengesellschaft Lowers Local Bounti (NYSE:LOCL) Price Target to $2.00March 17, 2023 | seekingalpha.comLocal Bounti amends credit agreement, provides preliminary 2022 metricsMarch 17, 2023 | finance.yahoo.comLocal Bounti to Release Fiscal Full Year 2022 Financial Results on Wednesday, March 29, 2023March 17, 2023 | finance.yahoo.comLocal Bounti Amends Credit Agreement to Provide Additional Flexibility and Provides Select Preliminary and Unaudited Fiscal 2022 PerformanceMarch 4, 2023 | seekingalpha.comLOCL Local Bounti CorporationMarch 21, 2023 | Press Research (Ad)Stocks For Smart InvestorsThis under-the-radar stock is in the right industry at the perfect time.March 4, 2023 | finance.yahoo.comThe one-year earnings decline has likely contributed toLocal Bounti's (NYSE:LOCL) shareholders losses of 89% over that periodMarch 3, 2023 | finance.yahoo.comLocal Bounti Receives Continued Listing Standard Notice from NYSEFebruary 20, 2023 | washingtonpost.comLOCAL OPINIONSJanuary 22, 2023 | finance.yahoo.comLocal Bounti Corporation (NYSE:LOCL): When Will It Breakeven?January 4, 2023 | finance.yahoo.comLocal Bounti Breaks Ground at New High-Tech Controlled Environment Agriculture Facility in Texas to Support Growing DemandNovember 14, 2022 | finance.yahoo.comLocal Bounti Corporation (NYSE:LOCL) Just Reported And Analysts Have Been Cutting Their EstimatesNovember 12, 2022 | seekingalpha.comLocal Bounti Corporation (LOCL) Q3 2022 Earnings Call TranscriptNovember 7, 2022 | finance.yahoo.comLocal Bounti Announces Partnership with Sam's Club to Deliver Fresh Produce in New RegionsNovember 3, 2022 | finance.yahoo.comLocal Bounti to Release Third Quarter 2022 Financial Results on Thursday, November 10, 2022October 26, 2022 | msn.comBillionaire Charles Schwab Just Bought Local Bounti (LOCL) Stock. Here’s Why.October 26, 2022 | benzinga.com$7.5 Million Bet On Local Bounti? Check Out These 3 Penny Stocks Insiders Are BuyingOctober 19, 2022 | finance.yahoo.comLocal Bounti to Showcase New Restaurant Quality, Grab-And-Go Salads at IFPA Global Produce ShowOctober 19, 2022 | finance.yahoo.comLocal Bounti Launches Restaurant Quality, Grab-And-Go Salads with Longer-Lasting LettuceSeptember 9, 2022 | morningstar.comLocal Bounti Corp Class AAugust 16, 2022 | investing.comLocal Bounti Corporation Misses Q2 EPS by 16c, Reaffirms full year 2022 guidanceAugust 16, 2022 | nasdaq.comWhat Is The Ownership Structure Like For Local Bounti Corporation (NYSE:LOCL)?August 15, 2022 | seekingalpha.comLocal Bounti Corporation (LOCL) CEO Craig Hurlbert on Q2 2022 Results - Earnings Call TranscriptAugust 8, 2022 | finance.yahoo.comLocal Bounti to Release Second Quarter 2022 Financial Results on Monday, August 15, 2022See More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive LOCL Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Local Bounti and its competitors with MarketBeat's FREE daily newsletter. Email Address LOCL Company Calendar Today3/21/2023Next Earnings (Confirmed)3/29/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Agricultural production - crops Sub-IndustryN/A SectorConsumer Staples Current SymbolNYSE:LOCL CUSIPN/A CIK1840780 Webleoholdings.com Phone800-640-4016FaxN/AEmployees111Year FoundedN/APrice Target and Rating Average Stock Price Forecast$2.38 High Stock Price Forecast$2.75 Low Stock Price Forecast$2.00 Forecasted Upside/Downside+377.7%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)N/A Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-56,090,000.00 Net Margins-857.87% Pretax Margin-857.87% Return on Equity-101.76% Return on Assets-56.62% Debt Debt-to-Equity Ratio0.95 Current Ratio2.24 Quick Ratio1.98 Sales & Book Value Annual Sales$13.15 million Price / Sales4.54 Cash FlowN/A Price / Cash FlowN/A Book Value$1.18 per share Price / Book0.49Miscellaneous Outstanding Shares103,676,000Free Float60,650,000Market Cap$59.69 million OptionableNot Optionable Beta1.66 Key ExecutivesMr. Craig M. Hurlbert (Age 60)Co-Founder, Co-CEO & Chairman Comp: $190.62kDr. Travis M. Joyner J.D. (Age 41)Ph.D., Co-CEO & Director Comp: $185.08kMs. Kathleen Valiasek (Age 59)Chief Financial Officer Comp: $1.34MMr. Mark McKinney (Age 60)Chief Operating Officer Comp: $376.21kMr. Brian C. Cook (Age 44)Pres Ms. Margaret E. McCandless (Age 50)Gen. Counsel & Corp. Sec. Mr. B. David Vosburg Jr. (Age 41)Chief Innovation Officer Mr. Gary R. Hilberg (Age 56)Chief Sustainability Officer More ExecutivesKey CompetitorsOrigin AgritechNASDAQ:SEEDS&W SeedNASDAQ:SANWVillage Farms InternationalNASDAQ:VFFYoshitsuNASDAQ:TKLFWillamette Valley VineyardsNASDAQ:WVVIView All CompetitorsInsiders & InstitutionsMargaret MccandlessSold 3,610 sharesTotal: $2,274.30 ($0.63/share)Voya Investment Management LLCBought 43,729 shares on 2/28/2023Ownership: 0.474%Morgan StanleyBought 13,304 shares on 2/15/2023Ownership: 0.040%MetLife Investment Management LLCBought 39,267 shares on 2/15/2023Ownership: 0.038%Alyeska Investment Group L.P.Sold 13,444 shares on 2/14/2023Ownership: 0.121%View All Insider TransactionsView All Institutional Transactions LOCL Stock - Frequently Asked Questions Should I buy or sell Local Bounti stock right now? 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Local Bounti in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" LOCL shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LOCL, but not buy additional shares or sell existing shares. View LOCL analyst ratings or view top-rated stocks. What is Local Bounti's stock price forecast for 2023? 1 brokers have issued twelve-month price targets for Local Bounti's stock. Their LOCL share price forecasts range from $2.00 to $2.75. On average, they predict the company's stock price to reach $2.38 in the next twelve months. This suggests a possible upside of 312.5% from the stock's current price. View analysts price targets for LOCL or view top-rated stocks among Wall Street analysts. How have LOCL shares performed in 2023? Local Bounti's stock was trading at $1.39 at the beginning of the year. Since then, LOCL shares have decreased by 58.6% and is now trading at $0.5757. View the best growth stocks for 2023 here. Are investors shorting Local Bounti? Local Bounti saw a drop in short interest in February. As of February 28th, there was short interest totaling 4,220,000 shares, a drop of 5.4% from the February 13th total of 4,460,000 shares. Based on an average daily volume of 301,200 shares, the days-to-cover ratio is currently 14.0 days. Approximately 9.9% of the company's stock are sold short. View Local Bounti's Short Interest. When is Local Bounti's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 29th 2023. View our LOCL earnings forecast. How can I listen to Local Bounti's earnings call? Local Bounti will be holding an earnings conference call on Wednesday, March 29th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 201-612-7415 with passcode "13737273". What ETFs hold Local Bounti's stock? ETFs with the largest weight of Local Bounti (NYSE:LOCL) stock in their portfolio include Global X AgTech & Food Innovation ETF (KROP) and VegTech Plant-based Innovation & Climate ETF (EATV).Fidelity Growth Opportunities ETF (FGRO). What guidance has Local Bounti issued on next quarter's earnings? Local Bounti updated its FY 2022 earnings guidance on Friday, March, 17th. The company provided EPS guidance of for the period. The company issued revenue guidance of $19.50 million-$19.50 million, compared to the consensus revenue estimate of $20.43 million. What is Local Bounti's stock symbol? Local Bounti trades on the New York Stock Exchange (NYSE) under the ticker symbol "LOCL." Who are Local Bounti's major shareholders? Local Bounti's stock is owned by many different retail and institutional investors. Top institutional investors include BNP PARIBAS ASSET MANAGEMENT Holding S.A. (4.17%), Geode Capital Management LLC (0.80%), Voya Investment Management LLC (0.47%), Charles Schwab Investment Management Inc. (0.15%), Alyeska Investment Group L.P. (0.12%) and Pinnacle Associates Ltd. (0.10%). Insiders that own company stock include B David Vosburg, Charles R Schwab, Craig M Hurlbert, Margaret Mccandless, Mark Joseph Nelson and Travis M Joyner. View institutional ownership trends. How do I buy shares of Local Bounti? Shares of LOCL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Local Bounti's stock price today? One share of LOCL stock can currently be purchased for approximately $0.58. How much money does Local Bounti make? Local Bounti (NYSE:LOCL) has a market capitalization of $59.69 million and generates $13.15 million in revenue each year. How many employees does Local Bounti have? The company employs 111 workers across the globe. How can I contact Local Bounti? Local Bounti's mailing address is ALBANY FINANCIAL CENTER SOUTH OCEAN BLVD SUITE 507 NEW PROVIDENCE, NASSAU C5, 63158. The official website for the company is leoholdings.com. The company can be reached via phone at 800-640-4016 or via email at info@leo.holdings. This page (NYSE:LOCL) was last updated on 3/21/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. 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