Local Bounti (LOCL) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $2.11 to $2.28
• 50-Day Range: $1.76 to $2.43
• 52-Week Range: $1.18 to $3.33
• Volume: 9,611 shs
• Average Volume: 8,436 shs
• Market Capitalization: $19.36 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

Local Bounti Stock Analysis - MarketRank™

Local Bounti scored higher than 30% of companies evaluated by MarketBeat, and ranked 117th out of 150 stocks in the consumer staples sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Local Bounti.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Local Bounti are expected to grow in the coming year, from ($13.81) to ($6.25) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Local Bounti is -0.12, 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. Sector

The P/E ratio of Local Bounti is -0.12, 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 Ratio

Local Bounti has a P/B Ratio of 1.21. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.84% of the float of Local Bounti has been sold short.

Short Interest Ratio / Days to Cover

Local Bounti has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Local Bounti has recently decreased by 32.32%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Local Bounti does not currently pay a dividend.

Dividend Growth

Local Bounti does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.84% of the float of Local Bounti has been sold short.

Short Interest Ratio / Days to Cover

Local Bounti has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Local Bounti has recently decreased by 32.32%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 0.6 / 5
• News Sentiment: N/A

Search Interest

14 people have searched for LOCL on MarketBeat in the last 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Local Bounti insiders have bought 28.50% more of their company's stock than they have sold. Specifically, they have bought $40,389.00 in company stock and sold $31,431.00 in company stock.

Percentage Held by Insiders

38.10% 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 Institutions

Only 28.01% of the stock of Local Bounti is held by institutions.

LOCL Stock Analysis - Frequently Asked Questions

How have LOCL shares performed this year?

Local Bounti's stock was trading at $2.07 at the start of the year. Since then, LOCL stock has increased by 8.0% and is now trading at $2.2350.
View the best growth stocks for 2025 here.

How were Local Bounti's earnings last quarter?

Local Bounti Co. (NYSE:LOCL) released its quarterly earnings data on Tuesday, August, 13th. The company reported ($3.00) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($3.19) by $0.19. The company earned $9.44 million during the quarter, compared to analysts' expectations of $11.30 million. Local Bounti had a negative trailing twelve-month return on equity of 1,095.76% and a negative net margin of 427.08%.

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 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.

Who are Local Bounti's major shareholders?

Top institutional investors of Local Bounti include Cresset Asset Management LLC (2.47%), Walleye Trading LLC (0.28%) and Concourse Financial Group Securities Inc.. Insiders that own company stock include Kathleen Valiasek, Craig M Hurlbert, Anna M Fabrega, B David Vosburg, Brian C Cook, Travis M Joyner, Matthew Nordby, Mark Joseph Nelson, Margaret Mccandless and Jennifer Carr-Smith.
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.

What other stocks do shareholders of Local Bounti own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Local Bounti investors own include HubSpot (HUBS), Tesla (TSLA), Bank of America (BAC), ForgeRock (FORG), Netflix (NFLX) and Sportradar Group (SRAD).

Company Calendar

• Last Earnings: 8/13/2024
• Today: 2/23/2025
• Next Earnings (Estimated): 3/26/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Consumer Staples
• Industry: Agricultural production - crops
• Sub-Industry: Agriculture
• Current Symbol: NYSE:LOCL
• CUSIP: N/A
• CIK: 1840780
• Web: leoholdings.com
• Phone: 800-640-4016
• Fax: N/A
• Employees: 110
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): ($18.00)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-124,010,000.00
• Net Margins: -427.08%
• Pretax Margin: -427.08%
• Return on Equity: -1,095.76%
• Return on Assets: -35.86%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.33
• Quick Ratio: 0.20

Sales & Book Value

• Annual Sales: $27.56 million
• Price / Sales: 0.70
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $1.84 per share
• Price / Book: 1.21

Miscellaneous

• Outstanding Shares: 8,660,000
• Free Float: 5,358,000
• Market Cap: $19.36 million
• Optionable: No Data
• Beta: 2.23