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NYSE:LOCL

Local Bounti (LOCL) Stock Price, News & Analysis

Local Bounti logo
$1.75 +0.01 (+0.57%)
(As of 11/29/2024 ET)

About Local Bounti Stock (NYSE:LOCL)

Key Stats

Today's Range
$1.75
$1.80
50-Day Range
$1.67
$2.80
52-Week Range
$1.56
$4.00
Volume
3,755 shs
Average Volume
9,806 shs
Market Capitalization
$15.16 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
N/A
Consensus Rating
N/A

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.

Local Bounti Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
11th Percentile Overall Score

LOCL MarketRank™: 

Local Bounti scored higher than 11% of companies evaluated by MarketBeat, and ranked 140th out of 144 stocks in the consumer staples sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    There is not enough analysis data for Local Bounti.

  • 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 -0.10, 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 -0.10, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Percentage of Shares Shorted

    2.08% 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 9.7.
  • Change versus previous month

    Short interest in Local Bounti has recently decreased by 6.67%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Local Bounti does not currently pay a dividend.

  • Dividend Growth

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

  • Percentage of Shares Shorted

    2.08% 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 9.7.
  • Change versus previous month

    Short interest in Local Bounti has recently decreased by 6.67%, indicating that investor sentiment is improving significantly.
  • News Coverage This Week

    MarketBeat has tracked 1 news article for Local Bounti this week, compared to 0 articles on an average week.
  • Insider Buying vs. Insider Selling

    In the past three months, Local Bounti insiders have not sold or bought any 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.

  • Read more about Local Bounti's insider trading history.
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LOCL Stock News Headlines

Head to Head Review: Lendway (NASDAQ:LDWY) vs. Local Bounti (NYSE:LOCL)
You won’t believe where OpenAI billionaire is investing now
Billionaire Sam Altman has become one of the most powerful men in the world by running OpenAI… But there’s a far lesser known investment he’s making that could put OpenAI to shame. In fact this Sam Altman-backed company could actually become a crucial partner for OpenAI… And the US Military… not to mention hundreds of other giant companies around the globe. To make the story even crazier… this company only recently became viable, thanks to an obscure piece of legislation that President Trump signed before he left office… Which ordered the government to take this incredible new technology seriously.
Local Bounti Corporation Q3 2024 Financial Highlights
See More Headlines

LOCL Stock Analysis - Frequently Asked Questions

Local Bounti's stock was trading at $2.07 on January 1st, 2024. Since then, LOCL shares have decreased by 15.5% and is now trading at $1.75.
View the best growth stocks for 2024 here
.

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

Shares of Local Bounti 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.

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.

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

Company Calendar

Last Earnings
8/13/2024
Today
11/29/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Agricultural production - crops
Sub-Industry
N/A
Fax
N/A
Employees
301
Year Founded
N/A

Profitability

Net Income
$-124,010,000.00
Net Margins
-427.08%
Pretax Margin
-427.08%

Debt

Sales & Book Value

Annual Sales
$27.56 million
Book Value
($7.58) per share

Miscellaneous

Free Float
5,358,000
Market Cap
$15.16 million
Optionable
No Data
Beta
2.51
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This page (NYSE:LOCL) was last updated on 11/29/2024 by MarketBeat.com Staff
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