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NYSE:LOCL

Local Bounti (LOCL) Stock Forecast, Price & News

$0.38
-0.01 (-2.19%)
(As of 10:26 AM ET)
Compare
Today's Range
$0.38
$0.39
50-Day Range
$0.37
$0.80
52-Week Range
$0.30
$4.82
Volume
13,524 shs
Average Volume
523,298 shs
Market Capitalization
$40.57 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$2.65

Local Bounti MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
566.0% Upside
$2.65 Price Target
Short Interest
Bearish
13.60% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Selling Shares
$88,436 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.92) to ($0.72) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.43 out of 5 stars

Consumer Staples Sector

37th out of 140 stocks

Agricultural Production - Crops Industry

3rd out of 11 stocks


LOCL stock logo

About Local Bounti (NYSE:LOCL) Stock

Local 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.

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LOCL Stock News Headlines

New "Mined in America" Lithium Opportunities?
The average electric vehicle needs 138 pounds of lithium carbonate for its battery components. But China currently controls the entire lithium supply chain.
New "Mined in America" Lithium Opportunities?
The average electric vehicle needs 138 pounds of lithium carbonate for its battery components. But China currently controls the entire lithium supply chain.
8-K: Local Bounti Corporation/DE
Local Bounti (LOCL) & The Competition Financial Comparison
Critical Survey: Local Bounti (LOCL) vs. Its Rivals
Head to Head Comparison: Local Bounti (LOCL) & Its Rivals
Analyzing Local Bounti (LOCL) and Its Competitors
Local Bounti (LOCL) vs. Its Peers Critical Analysis
See More Headlines

LOCL Price History

LOCL Company Calendar

Last Earnings
3/29/2023
Today
6/08/2023
Next Earnings (Estimated)
8/21/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Agricultural production - crops
Sub-Industry
N/A
Fax
N/A
Employees
111
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$2.65
High Stock Price Forecast
$3.50
Low Stock Price Forecast
$1.00
Forecasted Upside/Downside
+566.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
5 Analysts

Profitability

Net Income
$-111,070,000.00
Net Margins
-420.34%
Pretax Margin
-420.34%

Debt

Sales & Book Value

Annual Sales
$19.47 million
Book Value
$1.17 per share

Miscellaneous

Free Float
67,574,000
Market Cap
$42.01 million
Optionable
Not Optionable
Beta
1.70

Key Executives

  • Mr. Craig M. Hurlbert (Age 60)
    Co-Founder, Co-CEO & Chairman
    Comp: $190.62k
  • Dr. Travis M. Joyner J.D. (Age 41)
    Ph.D., Co-CEO & Director
    Comp: $185.08k
  • Ms. Kathleen Valiasek (Age 59)
    Chief Financial Officer
    Comp: $1.34M
  • Mr. Mark McKinney (Age 60)
    Chief Operating Officer
    Comp: $376.21k
  • Mr. 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













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 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.

What is Local Bounti's stock price forecast for 2023?

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.

How have LOCL shares performed in 2023?

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.
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 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
.

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) 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%.

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

When did Local Bounti's stock split?

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.

What guidance has Local Bounti issued on next quarter's earnings?

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.

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 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.
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 $0.40.

How much money does Local Bounti make?

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.

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 6/8/2023 by MarketBeat.com Staff

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