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S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successes
AI Stock Caught Trading Under Secret Name (Ad)
MarketBeat Week in Review – 2/19 - 2/23
Taiwan giant chipmaker TSMC opens first plant in Japan as part of key global expansion
AI Stock Caught Trading Under Secret Name (Ad)
A collection of the insights Warren Buffett offered in his annual letter Saturday
West Africa bloc lifts coup sanctions on Niger in a new push for dialogue to resolve tensions
Better Than Oil Stocks (Ad)
West Africa's ECOWAS bloc says it's lifting sanctions imposed on Niger over last year’s coup in a new push for dialogue
Macron booed by French farmers who blame him for not doing enough to support agriculture
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successes
AI Stock Caught Trading Under Secret Name (Ad)
MarketBeat Week in Review – 2/19 - 2/23
Taiwan giant chipmaker TSMC opens first plant in Japan as part of key global expansion
AI Stock Caught Trading Under Secret Name (Ad)
A collection of the insights Warren Buffett offered in his annual letter Saturday
West Africa bloc lifts coup sanctions on Niger in a new push for dialogue to resolve tensions
Better Than Oil Stocks (Ad)
West Africa's ECOWAS bloc says it's lifting sanctions imposed on Niger over last year’s coup in a new push for dialogue
Macron booed by French farmers who blame him for not doing enough to support agriculture
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successes
AI Stock Caught Trading Under Secret Name (Ad)
MarketBeat Week in Review – 2/19 - 2/23
Taiwan giant chipmaker TSMC opens first plant in Japan as part of key global expansion
AI Stock Caught Trading Under Secret Name (Ad)
A collection of the insights Warren Buffett offered in his annual letter Saturday
West Africa bloc lifts coup sanctions on Niger in a new push for dialogue to resolve tensions
Better Than Oil Stocks (Ad)
West Africa's ECOWAS bloc says it's lifting sanctions imposed on Niger over last year’s coup in a new push for dialogue
Macron booed by French farmers who blame him for not doing enough to support agriculture
NYSE:LOCL

Local Bounti (LOCL) Stock Price, News & Analysis

$2.50
+0.15 (+6.38%)
(As of 02/23/2024 ET)
Today's Range
$2.46
$2.58
50-Day Range
$1.62
$2.58
52-Week Range
$1.17
$10.51
Volume
10,842 shs
Average Volume
6,692 shs
Market Capitalization
$20.68 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$33.13

Local Bounti MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
1,225.0% Upside
$33.13 Price Target
Short Interest
Healthy
3.24% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.13mentions of Local Bounti in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($10.60) to ($6.02) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.71 out of 5 stars

Consumer Staples Sector

90th out of 137 stocks

Agricultural Production - Crops Industry

6th out of 9 stocks


LOCL stock logo

About Local Bounti Stock (NYSE:LOCL)

Local Bounti Corporation grows and packs fresh greens 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.

LOCL Stock Price History

LOCL Stock News Headlines

Local Bounti Receives Patent for Stack & Flow Technology®
Strange Money Secret Used by the Ultra-Wealthy
If you have any money in a U.S. bank account, you need to see this today –  it could help shield your savings through the turbulence ahead.
Local Bounti Secures $15 Mln Under Amended Cargill Credit Facility
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Local Bounti Corp Class A LOCL
Deutsche Bank Downgrades Local Bounti: Here's What You Need To Know
Local News from WAMU 88.5
See More Headlines
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Company Calendar

Today
2/24/2024
Next Earnings (Estimated)
4/03/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Agricultural production - crops
Sub-Industry
N/A
Fax
N/A
Employees
289
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$33.13
High Stock Price Target
$45.50
Low Stock Price Target
$9.00
Potential Upside/Downside
+1,225.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
4 Analysts

Profitability

Net Income
$-111,070,000.00
Net Margins
-311.00%
Pretax Margin
-311.00%

Debt

Sales & Book Value

Annual Sales
$27.33 million
Book Value
$15.22 per share

Miscellaneous

Free Float
5,294,000
Market Cap
$20.68 million
Optionable
Optionable
Beta
2.51
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Key Executives

  • Dr. Travis M. Joyner J.D. (Age 41)
    Ph.D., Co-Founder, Chief Technology Officer & Chairman
    Comp: $82.75k
  • Mr. Craig M. Hurlbert (Age 61)
    Co-Founder, CEO & Director
    Comp: $86.11k
  • Ms. Kathleen Valiasek (Age 60)
    Chief Financial Officer
    Comp: $437.85k
  • Mr. Bimal Patel
    Chief Operating Officer
  • Ms. Margaret E. McCandless (Age 51)
    General Counsel & Corporate Secretary
  • Mr. Laz Martinez
    Chief People Officer














LOCL Stock Analysis - Frequently Asked Questions

Should I buy or sell Local Bounti stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Local Bounti in the last year. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" LOCL shares.
View LOCL analyst ratings
or view top-rated stocks.

What is Local Bounti's stock price target for 2024?

4 Wall Street analysts have issued 12-month price targets for Local Bounti's shares. Their LOCL share price targets range from $9.00 to $45.50. On average, they predict the company's share price to reach $33.13 in the next year. This suggests a possible upside of 1,225.0% 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 2024?

Local Bounti's stock was trading at $2.07 at the beginning of the year. Since then, LOCL stock has increased by 20.8% and is now trading at $2.50.
View the best growth stocks for 2024 here
.

Are investors shorting Local Bounti?

Local Bounti saw a decline in short interest in the month of January. As of January 15th, there was short interest totaling 100,800 shares, a decline of 5.6% from the December 31st total of 106,800 shares. Based on an average daily volume of 53,400 shares, the short-interest ratio is currently 1.9 days. Approximately 3.2% 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, April 3rd 2024.
View our LOCL earnings forecast
.

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).VanEck Future of Food ETF (YUMY).

When did Local Bounti's stock split?

Local Bounti shares 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 was 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.

Who are Local Bounti's major shareholders?

Local Bounti's stock is owned by many different institutional and retail investors. Top institutional investors include BNP Paribas Asset Management Holding S.A. (2.40%), Vanguard Group Inc. (2.26%), Schwarz Dygos Wheeler Investment Advisors LLC (0.33%) and Concourse Financial Group Securities Inc. (0.00%). Insiders that own company stock include Anna M Fabrega, B David Vosburg, Brian C Cook, Charles R Schwab, Craig M Hurlbert, Kathleen Valiasek, Margaret Mccandless, Mark Joseph Nelson, Matthew Nordby 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:LOCL) was last updated on 2/25/2024 by MarketBeat.com Staff