Local Bounti (LOCL) Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Local Bounti in the last year. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" LOCL shares.
View LOCL analyst ratings or view top-rated stocks.

5 brokers have issued 12-month price targets for Local Bounti's shares. Their LOCL share price forecasts range from $1.00 to $3.50. On average, they expect the company's share price to reach $2.65 in the next twelve months. This suggests a possible upside of 566.0% from the stock's current price.
View analysts price targets for LOCL or view top-rated stocks among Wall Street analysts.

Local Bounti's stock was trading at $1.39 at the beginning of 2023. Since then, LOCL shares have decreased by 71.4% and is now trading at $0.3979.
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Local Bounti saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 6,120,000 shares, an increase of 12.3% from the April 15th total of 5,450,000 shares. Based on an average daily volume of 711,500 shares, the days-to-cover ratio is currently 8.6 days. Approximately 14.0% of the shares of the company are sold short.
View Local Bounti's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, August 21st 2023.
View our LOCL earnings forecast.

Local Bounti Co. (NYSE:LOCL) released its quarterly earnings data on Wednesday, March, 29th. The company reported ($0.30) earnings per share for the quarter, missing analysts' consensus estimates of ($0.27) by $0.03. The business had revenue of $6.64 million for the quarter, compared to analyst estimates of $7.58 million. Local Bounti had a negative net margin of 420.34% and a negative trailing twelve-month return on equity of 90.64%.

ETFs with the largest weight of Local Bounti (NYSE:LOCL) stock in their portfolio include Global X AgTech & Food Innovation ETF (KROP), VanEck Future of Food ETF (YUMY).Fidelity Growth Opportunities ETF (FGRO) and

Local Bounti's stock reverse split on Thursday, June 15th 2023. The 1-13 reverse split was announced on Thursday, June 15th 2023. The number of shares owned by shareholders will be adjusted after the market closes on Thursday, June 15th 2023. An investor that had 100 shares of stock prior to the reverse split would have 8 shares after the split.

Local Bounti issued an update on its FY 2023 earnings guidance on Friday, May, 26th. The company provided EPS guidance of for the period. The company issued revenue guidance of $34.00 million-$40.00 million, compared to the consensus revenue estimate of $35.66 million.

Local Bounti trades on the New York Stock Exchange (NYSE) under the ticker symbol "LOCL."

Local Bounti's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include FMR LLC (5.89%), BNP PARIBAS ASSET MANAGEMENT Holding S.A. (4.48%), BlackRock Inc. (3.28%) and Alyeska Investment Group L.P. (0.18%). Insiders that own company stock include B David Vosburg, Brian C Cook, Charles R Schwab, Craig M Hurlbert, Kathleen Valiasek, Margaret Mccandless, Mark Joseph Nelson and Travis M Joyner.
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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.
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One share of LOCL stock can currently be purchased for approximately $0.40.

Local Bounti (NYSE:LOCL) has a market capitalization of $42.01 million and generates $19.47 million in revenue each year. The company earns $-111,070,000.00 in net income (profit) each year or ($1.19) on an earnings per share basis.

The company employs 111 workers across the globe.

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.