Local Bounti - LOCL Stock Forecast, Price & News

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.

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.

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.
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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.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 29th 2023.
View our LOCL earnings forecast.

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".

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).

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.

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

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.

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 $0.58.

Local Bounti (NYSE:LOCL) has a market capitalization of $59.69 million and generates $13.15 million in revenue each year.

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.