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NYSE:LOCL

Local Bounti - LOCL Stock Forecast, Price & News

$0.50
-0.08 (-13.15%)
(As of 03/21/2023 12:24 PM ET)
Add
Compare
Today's Range
$0.47
$0.55
50-Day Range
$0.35
$1.15
52-Week Range
$0.30
$9.66
Volume
147,909 shs
Average Volume
319,569 shs
Market Capitalization
$51.84 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$2.75

Local Bounti MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
387.2% Upside
$2.38 Price Target
Short Interest
Bearish
9.92% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.40mentions of Local Bounti in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$13,110 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($1.25) to ($0.82) Per Share

Overall MarketRank

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

2.32 out of 5 stars

Consumer Staples Sector

53rd out of 136 stocks

Agricultural Production - Crops Industry

6th out of 10 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

Four Vegan Food Stocks Performing Beyond the Norm (LOCL)
After Beyond Meat, Inc reported better-than-expected results investors may be interested in how other companies in the plant-based meat industry could compete.
The Stock That Is Flying Under Wall St. Radar
With The Founder OF XPO Logistics Leading The Way This Nasdaq Company is Ready and GOING!pixel
LOCL Local Bounti Corporation
Stocks For Smart Investors
This under-the-radar stock is in the right industry at the perfect time.
LOCAL OPINIONS
Local Bounti Corp Class A
See More Headlines
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LOCL Company Calendar

Today
3/21/2023
Next Earnings (Confirmed)
3/29/2023
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
$2.38
High Stock Price Forecast
$2.75
Low Stock Price Forecast
$2.00
Forecasted Upside/Downside
+377.7%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$-56,090,000.00
Net Margins
-857.87%
Pretax Margin
-857.87%

Debt

Sales & Book Value

Annual Sales
$13.15 million
Book Value
$1.18 per share

Miscellaneous

Free Float
60,650,000
Market Cap
$59.69 million
Optionable
Not Optionable
Beta
1.66

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?

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.

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

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.

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 shares have decreased by 58.6% and is now trading at $0.5757.
View the best growth stocks for 2023 here
.

Are investors shorting Local Bounti?

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
.

When is Local Bounti's next earnings date?

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

How can I listen to Local Bounti's earnings call?

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".

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).Fidelity Growth Opportunities ETF (FGRO).

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

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.

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 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
.

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 $0.58.

How much money does Local Bounti make?

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

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 3/21/2023 by MarketBeat.com Staff