NYSE:LOCL Local Bounti (LOCL) Stock Price, News & Analysis → Shocking: One AI startup's revenue could surge 4,735% (From Manward Press) (Ad) Free LOCL Stock Alerts $2.90 -0.05 (-1.69%) (As of 05/10/2024 ET) Add Compare Share Share Today's Range$2.85▼$2.9750-Day Range$2.14▼$3.0952-Week Range$1.17▼$6.89Volume3,853 shsAverage Volume14,747 shsMarket Capitalization$24.48 millionP/E RatioN/ADividend YieldN/APrice Target$9.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestSocial Media Get Local Bounti alerts: Email Address Local Bounti MarketRank™ Stock AnalysisAnalyst RatingHold2.00 Rating ScoreUpside/Downside210.3% Upside$9.00 Price TargetShort InterestBearish2.61% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment-0.42Based on 7 Articles This WeekInsider TradingSelling Shares$2,682 Sold Last QuarterProj. Earnings GrowthGrowingFrom ($10.29) to ($5.55) Per ShareSee Full Details Hide Full Details 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.1.45 out of 5 starsConsumer Staples Sector119th out of 138 stocksAgricultural Production - Crops Industry10th out of 10 stocks 3.0 Analyst's Opinion Consensus RatingLocal Bounti has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.Amount of Analyst CoverageLocal Bounti has received no research coverage in the past 90 days.Read more about Local Bounti's stock forecast and price target. Previous Next 2.0 Short Interest Percentage of Shares Shorted2.61% 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 6.3.Change versus previous monthShort interest in Local Bounti has recently increased by 4.76%, indicating that investor sentiment is decreasing. 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 1.4 News and Social Media Coverage News SentimentLocal Bounti has a news sentiment score of -0.42. 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 0.55 average news sentiment score of Consumer Staples companies.News Coverage This WeekMarketBeat has tracked 7 news articles for Local Bounti this week, compared to 1 article on an average week.MarketBeat Follows2 people have added Local Bounti to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days. Previous Next 2.5 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 $2,682.00 in company stock.Percentage Held by Insiders38.10% 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 InstitutionsOnly 28.01% of the stock of Local Bounti is held by institutions.Read more about Local Bounti's insider trading history. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Local Bounti are expected to grow in the coming year, from ($10.29) to ($5.55) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Local Bounti is -0.19, 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 -0.19, 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 1.58. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Local Bounti's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Colonial MetalsConflict In Israel Sends Gold Soaring ???? Here’s How To Get Your ShareThe latest flare-up between Israel and Palestinian militants has sent gold prices surging. Why? Because savvy investors know the endgame of the elites at play… Geopolitical crises breed uncertainty — and gold thrives on uncertainty. See why the elites are pouring billions into gold. 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.Read More LOCL Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart LOCL Stock News HeadlinesMay 11, 2024 | finance.yahoo.comLocal Bounti First Quarter 2024 Earnings: EPS Misses ExpectationsMay 10, 2024 | markets.businessinsider.comLocal Bounti Corporation: Poised for Robust Growth and EBITDA PositivityMay 12, 2024 | Gold Safe Exchange (Ad)Trump’s “Tax Free” Retirement Strategy Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.May 9, 2024 | msn.comLOCL Stock Earnings: Local Bounti Misses EPS, Misses Revenue for Q1 2024May 9, 2024 | prnewswire.comLocal Bounti Announces First Quarter 2024 Financial ResultsMay 6, 2024 | prnewswire.comLocal Bounti to Release First Quarter 2024 Financial Results on Thursday, May 9, 2024April 23, 2024 | finance.yahoo.comLocal Bounti to Mark Opening of New High-Tech Controlled Environment Agriculture Facility in Pasco, Washington with Ribbon Cutting CeremonyApril 20, 2024 | investorplace.com3 Vegan Stocks to Buy Now: Q2 EditionMay 12, 2024 | Gold Safe Exchange (Ad)Trump’s “Tax Free” Retirement Strategy Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.April 5, 2024 | prnewswire.comLocal Bounti Receives Continued Listing Standard Notice from NYSEMarch 30, 2024 | finance.yahoo.comEarnings Update: Local Bounti Corporation (NYSE:LOCL) Just Reported And Analysts Are Trimming Their ForecastsMarch 30, 2024 | finance.yahoo.comLocal Bounti Corporation (NYSE:LOCL) Q4 2023 Earnings Call TranscriptMarch 29, 2024 | uk.investing.comEarnings call: Local Bounti reports growth and strategic expansions in 2023March 29, 2024 | seekingalpha.comLocal Bounti Corporation (LOCL) Q4 2023 Earnings Call TranscriptMarch 27, 2024 | markets.businessinsider.comBuy Rating Affirmed: Local Bounti’s Growth Trajectory and Financial OutlookMarch 27, 2024 | investorplace.comLOCL Stock Earnings: Local Bounti Misses EPS, Misses Revenue for Q4 2023March 27, 2024 | prnewswire.comLocal Bounti Announces Full Year 2023 Financial ResultsMarch 26, 2024 | benzinga.comPreview: Local Bounti's EarningsMarch 26, 2024 | finance.yahoo.comLocal Bounti to Release Full Year 2023 Financial Results on Wednesday, March 27, 2024March 13, 2024 | seekingalpha.comVillage Farms GAAP EPS of -$0.20 misses by $0.18, revenue of $74.2M beats by $3.27MMarch 1, 2024 | investorplace.com3 Stock Picks to Ride the Vertical Farming WaveFebruary 21, 2024 | finance.yahoo.comLocal Bounti Receives Patent for Stack & Flow Technology®February 21, 2024 | prnewswire.comLocal Bounti Receives Patent for Stack & Flow Technology®January 24, 2024 | markets.businessinsider.comLocal Bounti Secures $15 Mln Under Amended Cargill Credit FacilityJanuary 24, 2024 | finance.yahoo.comLocal Bounti Amends Cargill Credit Facility and Receives Funds for Working CapitalDecember 19, 2023 | markets.businessinsider.comAnalysts Are Bullish on These Consumer Goods Stocks: Local Bounti Corporation (LOCL), UTZ Brands (UTZ)December 16, 2023 | markets.businessinsider.comLocal Bounti Corporation: Poised for Profitability with Strong Backing and Strategic Growth InitiativesSee More Headlines 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 Company Calendar Last Earnings5/09/2024Today5/12/2024Next Earnings (Estimated)8/14/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorConsumer Staples Industry Agricultural production - crops Sub-IndustryN/A Current SymbolNYSE:LOCL CUSIPN/A CIK1840780 Webleoholdings.com Phone800-640-4016FaxN/AEmployees301Year FoundedN/APrice Target and Rating Average Stock Price Target$9.00 High Stock Price Target$9.00 Low Stock Price Target$9.00 Potential Upside/Downside+210.3%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)($15.36) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-124,010,000.00 Net Margins-425.89% Pretax Margin-450.03% Return on Equity-195.25% Return on Assets-33.26% Debt Debt-to-Equity Ratio18.20 Current Ratio0.84 Quick Ratio0.71 Sales & Book Value Annual Sales$27.56 million Price / Sales0.89 Cash FlowN/A Price / Cash FlowN/A Book Value$1.84 per share Price / Book1.58Miscellaneous Outstanding Shares8,440,000Free Float5,223,000Market Cap$24.48 million OptionableNo Data Beta2.57 10 Best Stocks to Own in 2024Click the link below and we'll send you MarketBeat's list of the 10 best stocks to own in 2024 and why they should be in your portfolio. Get This Free Report Key ExecutivesMr. Craig M. Hurlbert (Age 61)Co-Founder, CEO & Director Comp: $58.17kMs. Kathleen Valiasek (Age 60)Chief Financial Officer Comp: $438.85kDr. Travis M. Joyner J.D. (Age 41)Ph.D., Co-Founder, Chief Technology Officer & Chairman Comp: $82.75kMs. Margaret E. McCandless (Age 51)General Counsel & Corporate Secretary Key CompetitorsOrigin AgritechNASDAQ:SEEDS&W SeedNASDAQ:SANWVintage Wine EstatesNASDAQ:VWEOxus AcquisitionNASDAQ:OXUSBarfresh Food GroupNASDAQ:BRFHView All CompetitorsInsiders & InstitutionsBNP PARIBAS ASSET MANAGEMENT Holding S.A.Sold 70,565 shares on 5/8/2024Ownership: 1.514%Mark Joseph NelsonSold 660 sharesTotal: $1,524.60 ($2.31/share)Mark Joseph NelsonSold 447 sharesTotal: $1,157.73 ($2.59/share)Kathleen ValiasekBought 800 shares on 11/13/2023Total: $2,536.00 ($3.17/share)Kathleen ValiasekBought 700 shares on 11/10/2023Total: $1,974.00 ($2.82/share)View All Insider TransactionsView All Institutional Transactions LOCL Stock Analysis - 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 target for 2024? 1 Wall Street analysts have issued 12-month target prices for Local Bounti's shares. Their LOCL share price targets range from $9.00 to $9.00. On average, they expect the company's share price to reach $9.00 in the next year. This suggests a possible upside of 210.3% 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 start of the year. Since then, LOCL shares have increased by 40.1% and is now trading at $2.90. View the best growth stocks for 2024 here. When is Local Bounti's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 14th 2024. View our LOCL earnings forecast. How were Local Bounti's earnings last quarter? Local Bounti Co. (NYSE:LOCL) issued its earnings results on Thursday, May, 9th. The company reported ($2.89) EPS for the quarter, missing the consensus estimate of ($2.76) by $0.13. The company had revenue of $8.38 million for the quarter, compared to analyst estimates of $8.40 million. Local Bounti had a negative net margin of 425.89% and a negative trailing twelve-month return on equity of 195.25%. During the same period in the previous year, the firm posted ($2.99) earnings per share. When did Local Bounti's stock split? Local Bounti's stock reverse split on the morning of 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 closing bell 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 2024 earnings guidance on Thursday, May, 9th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $50.0 million-$60.0 million, compared to the consensus revenue estimate of $61.7 million. 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 BNP PARIBAS ASSET MANAGEMENT Holding S.A. (1.51%). 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 5/12/2024 by MarketBeat.com Staff From Our PartnersTech GIANT’s Plans to Revolutionize Crypto…Crypto 101 MediaThe ONE AI Stock to own now. (It’s not Nvidia.)Weiss RatingsCollapse of the Petrodollar Colonial MetalsGold Set to EXPLODE!Gold Safe ExchangeShocking: One AI startup's revenue could surge 4,735%Manward Press[Webinar] A Deep Dive into Options Volatility: Skew & Relative ValueOICHe Is Giving Away BitcoinCrypto Swap ProfitsElon to Transform U.S. Economy? Porter & Company Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. 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