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: $1.35 to $1.98
• 50-Day Range: $1.20 to $2.80
• 52-Week Range: $1.18 to $3.33
• Volume: 144,544 shs
• Average Volume: 10,931 shs
• Market Capitalization: $16.45 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 50% of companies evaluated by MarketBeat, and ranked 105th out of 146 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: 1.3 / 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 -0.08, 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 -0.08, 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 0.78. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.92% 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 6.9.

Change versus previous month

Short interest in Local Bounti has recently decreased by 8.00%, 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

1.92% 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 6.9.

Change versus previous month

Short interest in Local Bounti has recently decreased by 8.00%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.8 / 5
• News Sentiment: 1.00

News Sentiment

Local Bounti has a news sentiment score of 1.00. 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 higher news sentiment than the 0.83 average news sentiment score of Consumer Staples companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for Local Bounti this week, compared to 0 articles on an average week.

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 more of their company's stock than they have sold. Specifically, they have bought $12,310.00 in company stock and sold $0.00 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 on January 1st, 2024. Since then, LOCL shares have decreased by 30.4% and is now trading at $1.44.
View the best growth stocks for 2024 here.

How were Local Bounti's earnings last quarter?

Local Bounti Co. (NYSE:LOCL) announced its quarterly earnings data on Tuesday, August, 13th. The company reported ($3.00) earnings per share (EPS) for the quarter, beating the consensus estimate of ($3.19) by $0.19. The business earned $9.44 million during the quarter, compared to analysts' expectations 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%.

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 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.

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.

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), 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: 12/16/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Consumer Staples
• Industry: Agricultural production - crops
• Sub-Industry: N/A
• Current Symbol: NYSE:LOCL
• CUSIP: N/A
• CIK: 1840780
• Web: leoholdings.com
• Phone: 800-640-4016
• Fax: N/A
• Employees: 301
• 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: $34.93 million
• Price / Sales: 0.32
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $1.84 per share
• Price / Book: 0.70

Miscellaneous

• Outstanding Shares: 8,656,000
• Free Float: 5,358,000
• Market Cap: $11.08 million
• Optionable: No Data
• Beta: 2.33