Should I buy or sell Local Bounti stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Local Bounti in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research 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 brokerages have issued 12 month price targets for Local Bounti's stock. Their LOCL share price targets range from $9.00 to $9.00. On average, they anticipate the company's share price to reach $9.00 in the next twelve months. This suggests a possible upside of 261.2% 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 beginning of 2024. Since then, LOCL stock has increased by 20.4% and is now trading at $2.4918. View the best growth stocks for 2024 here .

Are investors shorting Local Bounti?

Local Bounti saw a decrease in short interest in the month of March. As of March 15th, there was short interest totaling 75,600 shares, a decrease of 19.1% from the February 29th total of 93,400 shares. Based on an average daily trading volume, of 15,800 shares, the short-interest ratio is presently 4.8 days. Approximately 2.3% 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, May 8th 2024. View our LOCL earnings forecast .

How were Local Bounti's earnings last quarter?

Local Bounti Co. (NYSE:LOCL) released its quarterly earnings results on Wednesday, March, 27th. The company reported ($8.10) EPS for the quarter, missing the consensus estimate of ($3.18) by $4.92. The company had revenue of $6.87 million for the quarter, compared to analysts' expectations of $7.40 million. Local Bounti had a negative net margin of 450.03% and a negative trailing twelve-month return on equity of 167.86%.

When did Local Bounti's stock split?

Shares of Local Bounti reverse split before market open 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.

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

Local Bounti updated its first quarter 2024 earnings guidance on Wednesday, March, 27th. The company provided EPS guidance of for the period. The company issued revenue guidance of $8.4 million-$8.4 million, compared to the consensus revenue estimate of $10.5 million.

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 .

NYSE:LOCL

Local Bounti (LOCL) Stock Price, News & Analysis

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Free LOCL Stock Alerts

$2.49

+0.20 (+8.73%)

(As of 04/19/2024 ET)

Compare

Today's Range: $2.27
▼
$2.51
50-Day Range: $2.14
▼
$3.00
52-Week Range: $1.17
▼
$8.70

Volume: 10,514 shs
Average Volume: 12,621 shs
Market Capitalization: $21.03 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $9.00

Get Local Bounti alerts:

Local Bounti MarketRank™ Stock Analysis

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 261.2% Upside
$9.00 Price Target
Short Interest: Bearish
2.26% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: Selling Shares
$2,682 Sold Last Quarter
Proj. Earnings Growth: Growing
From ($10.29) to ($5.55) Per Share

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.

1.08 out of 5 stars

Consumer Staples Sector

126th out of 139 stocks

Agricultural Production - Crops Industry

10th out of 10 stocks

3.0

Analyst's Opinion

Consensus Rating
Local 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 Coverage
Local Bounti has received no research coverage in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
2.26% 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 6.5.
Change versus previous month
Short interest in Local Bounti has recently increased by 2.38%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Local Bounti does not currently pay a dividend.
Dividend Growth
Local Bounti does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for LOCL.

0.6

News and Social Media Coverage

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 lower news sentiment than the 0.52 average news sentiment score of Consumer Staples companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Local Bounti this week, compared to 1 article on an average week.
MarketBeat Follows
Only 1 people have added Local Bounti to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In 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 Insiders
36.00% 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.

0.6

Earnings and Valuation

Earnings Growth
Earnings 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 Market
The P/E ratio of Local Bounti is -0.16, 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 -0.16, 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 1.35. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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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.

LOCL Stock Price History

30 days | 90 days | 365 days | Advanced Chart

LOCL Stock News Headlines

April 5, 2024 | prnewswire.com

Local Bounti Receives Continued Listing Standard Notice from NYSE

March 30, 2024 | finance.yahoo.com

Earnings Update: Local Bounti Corporation (NYSE:LOCL) Just Reported And Analysts Are Trimming Their Forecasts

April 19, 2024 | Altimetry (Ad)

Secret Bull Market Starts in This Unusual Sector

March 30, 2024 | finance.yahoo.com

Local Bounti Corporation (NYSE:LOCL) Q4 2023 Earnings Call Transcript

March 29, 2024 | uk.investing.com

Earnings call: Local Bounti reports growth and strategic expansions in 2023

March 29, 2024 | seekingalpha.com

Local Bounti Corporation (LOCL) Q4 2023 Earnings Call Transcript

March 27, 2024 | markets.businessinsider.com

Buy Rating Affirmed: Local Bounti’s Growth Trajectory and Financial Outlook

March 27, 2024 | investorplace.com

LOCL Stock Earnings: Local Bounti Misses EPS, Misses Revenue for Q4 2023

April 19, 2024 | Altimetry (Ad)

Secret Bull Market Starts in This Unusual Sector

March 27, 2024 | prnewswire.com

Local Bounti Announces Full Year 2023 Financial Results

March 26, 2024 | benzinga.com

Preview: Local Bounti's Earnings

March 26, 2024 | finance.yahoo.com

Local Bounti to Release Full Year 2023 Financial Results on Wednesday, March 27, 2024

March 13, 2024 | seekingalpha.com

Village Farms GAAP EPS of -$0.20 misses by $0.18, revenue of $74.2M beats by $3.27M

March 1, 2024 | investorplace.com

3 Stock Picks to Ride the Vertical Farming Wave

February 21, 2024 | finance.yahoo.com

Local Bounti Receives Patent for Stack & Flow Technology®

February 21, 2024 | prnewswire.com

Local Bounti Receives Patent for Stack & Flow Technology®

January 24, 2024 | markets.businessinsider.com

Local Bounti Secures $15 Mln Under Amended Cargill Credit Facility

January 24, 2024 | finance.yahoo.com

Local Bounti Amends Cargill Credit Facility and Receives Funds for Working Capital

December 19, 2023 | markets.businessinsider.com

Analysts Are Bullish on These Consumer Goods Stocks: Local Bounti Corporation (LOCL), UTZ Brands (UTZ)

December 16, 2023 | markets.businessinsider.com

Local Bounti Corporation: Poised for Profitability with Strong Backing and Strategic Growth Initiatives

December 15, 2023 | msn.com

Local Bounti announces CEO transition; sees 2023 sales of $28M

December 15, 2023 | finance.yahoo.com

Local Bounti Announces Leadership Transition and Provides Business Update

November 8, 2023 | morningstar.com

Local Bounti Corp Class A LOCL

November 7, 2023 | msn.com

Local Bounti finance chief buys 2K common shares

November 6, 2023 | seekingalpha.com

Local Bounti finance chief buys common shares worth ~$15K

October 31, 2023 | msn.com

Deutsche Bank Downgrades Local Bounti Corp - (LOCL)

October 31, 2023 | markets.businessinsider.com

Deutsche Bank Downgrades Local Bounti: Here's What You Need To Know

See More Headlines

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Company Calendar

Last Earnings: 3/27/2024
Today: 4/19/2024
Next Earnings (Estimated): 5/08/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

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

Price Target and Rating

Average Stock Price Target: $9.00
High Stock Price Target: $9.00
Low Stock Price Target: $9.00
Potential Upside/Downside: +289.6%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($15.4609)
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: -450.03%
Pretax Margin: -450.03%
Return on Equity: -167.86%
Return on Assets: -34.89%

Debt

Debt-to-Equity Ratio: 18.20
Current Ratio: 0.84
Quick Ratio: 0.71

Sales & Book Value

Annual Sales: $27.56 million
Price / Sales: 0.71
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $1.84 per share
Price / Book: 1.26

Miscellaneous

Outstanding Shares: 8,440,000
Free Float: 5,400,000
Market Cap: $19.50 million
Optionable: No Data
Beta: 2.66

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Key Executives

Dr. Travis M. Joyner J.D. (Age 41)
Ph.D., Co-Founder, Chief Technology Officer & Chairman
Comp: $82.75k
Mr. Craig M. Hurlbert (Age 61)
Co-Founder, CEO & Director
Comp: $86.11k
Ms. Kathleen Valiasek (Age 60)
Chief Financial Officer
Comp: $437.85k
Ms. Margaret E. McCandless (Age 51)
General Counsel & Corporate Secretary

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

LOCL Stock Analysis - Frequently Asked Questions

Should I buy or sell Local Bounti stock right now?: 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Local Bounti in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research 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 brokerages have issued 12 month price targets for Local Bounti's stock. Their LOCL share price targets range from $9.00 to $9.00. On average, they anticipate the company's share price to reach $9.00 in the next twelve months. This suggests a possible upside of 261.2% 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 beginning of 2024. Since then, LOCL stock has increased by 20.4% and is now trading at $2.4918.
View the best growth stocks for 2024 here.
Are investors shorting Local Bounti?: Local Bounti saw a decrease in short interest in the month of March. As of March 15th, there was short interest totaling 75,600 shares, a decrease of 19.1% from the February 29th total of 93,400 shares. Based on an average daily trading volume, of 15,800 shares, the short-interest ratio is presently 4.8 days. Approximately 2.3% 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, May 8th 2024.
View our LOCL earnings forecast.

How were Local Bounti's earnings last quarter?: Local Bounti Co. (NYSE:LOCL) released its quarterly earnings results on Wednesday, March, 27th. The company reported ($8.10) EPS for the quarter, missing the consensus estimate of ($3.18) by $4.92. The company had revenue of $6.87 million for the quarter, compared to analysts' expectations of $7.40 million. Local Bounti had a negative net margin of 450.03% and a negative trailing twelve-month return on equity of 167.86%.
When did Local Bounti's stock split?: Shares of Local Bounti reverse split before market open 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.
What guidance has Local Bounti issued on next quarter's earnings?: Local Bounti updated its first quarter 2024 earnings guidance on Wednesday, March, 27th. The company provided EPS guidance of for the period. The company issued revenue guidance of $8.4 million-$8.4 million, compared to the consensus revenue estimate of $10.5 million.
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 4/19/2024 by MarketBeat.com Staff

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Local Bounti (LOCL) Stock Price, News & Analysis

Local Bounti MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Local Bounti Stock (NYSE:LOCL)

LOCL Stock Price History

LOCL Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

LOCL Stock Analysis - Frequently Asked Questions

Overall MarketRank^™