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 twelve months. 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 equities research analysts have issued 1 year target prices for Local Bounti's shares. Their LOCL share price forecasts range from $1.00 to $3.50. On average, they expect the company's stock price to reach $2.65 in the next twelve months. This suggests a possible upside of 482.4% 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 the year. Since then, LOCL stock has decreased by 67.3% and is now trading at $0.4550.
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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 short-interest ratio is presently 8.6 days. Currently, 14.0% of the shares of the stock 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) posted its earnings results on Wednesday, March, 29th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.27) by $0.03. The firm had revenue of $6.64 million for the quarter, compared to analysts' expectations 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 updated 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 institutional and retail 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.
View institutional ownership trends.

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 $0.46.

Local Bounti (NYSE:LOCL) has a market capitalization of $48.04 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.