NYSE:LOCL Local Bounti (LOCL) Stock Forecast, Price & News $0.46 +0.06 (+13.98%) (As of 05/26/2023 08:47 PM ET) Add Compare Share Share Today's Range$0.41▼$0.4950-Day Range$0.37▼$0.8052-Week Range$0.30▼$6.04Volume250,300 shsAverage Volume545,241 shsMarket Capitalization$48.04 millionP/E RatioN/ADividend YieldN/APrice Target$2.65 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Local Bounti MarketRank™ ForecastAnalyst RatingModerate Buy2.80 Rating ScoreUpside/Downside482.4% Upside$2.65 Price TargetShort InterestBearish13.60% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.20Based on 5 Articles This WeekInsider TradingSelling Shares$90,711 Sold Last QuarterProj. Earnings GrowthGrowingFrom ($0.92) to ($0.72) 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.2.29 out of 5 starsConsumer Staples Sector69th out of 140 stocksAgricultural Production - Crops Industry7th out of 12 stocks 3.4 Analyst's Opinion Consensus RatingLocal Bounti has received a consensus rating of Buy. The company's average rating score is 2.80, and is based on 4 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $2.65, Local Bounti has a forecasted upside of 482.4% from its current price of $0.46.Amount of Analyst CoverageLocal Bounti has only been the subject of 4 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted13.60% 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 8.7.Change versus previous monthShort interest in Local Bounti has recently decreased by 1.31%, indicating that investor sentiment is improving. 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 1.8 News and Social Media Coverage News SentimentLocal Bounti has a news sentiment score of 0.20. 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 is a lower news sentiment than the 0.62 average news sentiment score of Consumer Staples companies.News Coverage This WeekMarketBeat has tracked 5 news articles for Local Bounti this week, compared to 3 articles on an average week.MarketBeat FollowsOnly 1 people have added Local Bounti to their MarketBeat watchlist in the last 30 days. This is a decrease of -75% 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 $90,711.00 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 ($0.92) to ($0.72) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Local Bounti is -0.38, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Local Bounti is -0.38, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioLocal Bounti has a P/B Ratio of 0.39. 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 HeadlinesMay 26, 2023 | msn.comOppenheimer Reiterates Local Bounti Corp - (LOCL) Outperform RecommendationMay 26, 2023 | msn.comThe Latest Analyst Ratings for Local BountiMay 29, 2023 | UNKNOWN (Ad)1 Of The Only Profitable MMJ StocksThe MMJ Sector Should Soon Be Back On Everyone's Radar And This Stock Should Be At The TopMay 25, 2023 | finance.yahoo.comLocal Bounti Announces Executive Transition, Names Anna Fabrega as CEO as Company Scales Sustainable Growing TechnologiesMay 25, 2023 | finance.yahoo.comHigh-Tech Farm Startups Are Laid Low by Financing Drought, PestsMay 14, 2023 | americanbankingnews.comDeutsche Bank Aktiengesellschaft Lowers Local Bounti (NYSE:LOCL) Price Target to $1.00May 11, 2023 | forbes.comWhat To Know About Local Moves And Hiring Local MoversMay 10, 2023 | finance.yahoo.comLocal Bounti Corporation (LOCL) Reports Q1 Loss, Tops Revenue EstimatesMay 29, 2023 | Legacy Research (Affiliate) (Ad)Sell every Stock except ONE Markets are down...But Jeff Clark couldn't care less because he ignores almost every stock in the market except ONE. He lives financially free trading this One Stock Once per month...May 10, 2023 | msn.comLocal Bounti beats Q1 top and bottom line estimates; reaffirms FY23 outlookMay 10, 2023 | finance.yahoo.comLocal Bounti Announces First Quarter 2023 Financial ResultsMay 8, 2023 | americanbankingnews.comLocal Bounti (LOCL) Set to Announce Quarterly Earnings on WednesdayMay 8, 2023 | msn.comLocal Bounti Sprouts New Life With $145 Million FundingMay 5, 2023 | bbc.co.ukLocal Elections 2023: Is there an election in my area?May 5, 2023 | americanbankingnews.comFinancial Analysis: Local Bounti (LOCL) vs. Its CompetitorsMay 4, 2023 | marketwatch.com8-K: Local Bounti Corporation/DEMay 3, 2023 | finance.yahoo.comLocal Bounti Completes Sale-leaseback Transaction, Provides Approximately $35 Million of Non-Dilutive CashMay 3, 2023 | americanbankingnews.comHead-To-Head Contrast: Local Bounti (LOCL) & Its CompetitorsMay 2, 2023 | americanbankingnews.comLocal Bounti (LOCL) & The Competition Financial ComparisonMay 1, 2023 | americanbankingnews.comHead-To-Head Analysis: Local Bounti (LOCL) & Its CompetitorsApril 29, 2023 | americanbankingnews.comCritical Survey: Local Bounti (LOCL) vs. Its RivalsApril 28, 2023 | americanbankingnews.comLocal Bounti (LOCL) versus Its Competitors Head-To-Head ContrastApril 27, 2023 | finance.yahoo.comLocal Bounti to Release First Quarter 2023 Financial Results on Wednesday, May 10, 2023April 26, 2023 | americanbankingnews.comHead to Head Comparison: Local Bounti (LOCL) & Its RivalsApril 26, 2023 | americanbankingnews.comAnalyzing Local Bounti (LOCL) and Its CompetitorsApril 24, 2023 | americanbankingnews.comLocal Bounti (LOCL) vs. Its Peers Critical AnalysisApril 23, 2023 | americanbankingnews.comComparing Local Bounti (LOCL) and Its PeersSee 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 Last Earnings3/29/2023Today5/29/2023Next Earnings (Estimated)8/21/2023Fiscal 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$2.65 High Stock Price Forecast$3.50 Low Stock Price Forecast$1.00 Forecasted Upside/Downside+482.4%Consensus RatingModerate Buy Rating Score (0-4)2.80 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)($1.19) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-111,070,000.00 Net Margins-420.34% Pretax Margin-420.34% Return on Equity-90.64% Return on Assets-39.43% Debt Debt-to-Equity Ratio1.18 Current Ratio0.54 Quick Ratio0.42 Sales & Book Value Annual Sales$19.47 million Price / Sales2.47 Cash FlowN/A Price / Cash FlowN/A Book Value$1.17 per share Price / Book0.39Miscellaneous Outstanding Shares105,580,000Free Float61,767,000Market Cap$48.04 million OptionableNot Optionable Beta1.71 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 CompetitorsS&W SeedNASDAQ:SANWOrigin AgritechNASDAQ:SEEDYield10 BioscienceNASDAQ:YTENVillage Farms InternationalNASDAQ:VFF10X Capital Venture Acquisition Corp. IINASDAQ:VCXAView All CompetitorsInsiders & InstitutionsAlyeska Investment Group L.P.Bought 57,420 shares on 5/16/2023Ownership: 0.175%BlackRock Inc.Bought 405,883 shares on 5/12/2023Ownership: 3.283%FMR LLCSold 1,177,393 shares on 5/11/2023Ownership: 5.894%BNP PARIBAS ASSET MANAGEMENT Holding S.A.Bought 355,864 shares on 5/8/2023Ownership: 4.479%Mark Joseph NelsonSold 10,125 sharesTotal: $5,163.75 ($0.51/share)View All Insider TransactionsView All Institutional Transactions LOCL Stock - Frequently Asked Questions Should I buy or sell Local Bounti stock right now? 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. What is Local Bounti's stock price forecast for 2023? 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. 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 stock has decreased by 67.3% and is now trading at $0.4550. View the best growth stocks for 2023 here. Are investors shorting Local Bounti? 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. When is Local Bounti's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Monday, August 21st 2023. View our LOCL earnings forecast. How were Local Bounti's earnings last quarter? 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%. 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), VanEck Future of Food ETF (YUMY).Fidelity Growth Opportunities ETF (FGRO) and What guidance has Local Bounti issued on next quarter's earnings? 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. 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 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. 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 $0.46. How much money does Local Bounti make? 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. 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 5/29/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access 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. 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. 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