NYSE:LOCL Local Bounti (LOCL) Stock Price, News & Analysis → 4x Better than Bitcoin (From Behind the Markets) (Ad) Free LOCL Stock Alerts $2.91 -0.01 (-0.34%) (As of 03/28/2024 ET) Add Compare Share Share Today's Range$2.72▼$2.9650-Day Range$1.90▼$3.0052-Week Range$1.17▼$10.51Volume36,818 shsAverage Volume12,476 shsMarket Capitalization$24.07 millionP/E RatioN/ADividend YieldN/APrice Target$33.13 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 RatingModerate Buy2.75 Rating ScoreUpside/Downside1,038.3% Upside$33.13 Price TargetShort InterestHealthy2.33% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.43Based on 9 Articles This WeekInsider TradingSelling Shares$1,158 Sold Last QuarterProj. Earnings GrowthGrowingFrom ($9.35) to ($5.34) 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.3.14 out of 5 starsConsumer Staples Sector77th out of 137 stocksAgricultural Production - Crops Industry3rd out of 9 stocks 3.4 Analyst's Opinion Consensus RatingLocal Bounti has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $33.13, Local Bounti has a forecasted upside of 1,038.3% from its current price of $2.91.Amount of Analyst CoverageLocal Bounti has received no research coverage in the past 90 days. Previous Next 4.0 Short Interest Percentage of Shares Shorted2.33% 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 4.8.Change versus previous monthShort interest in Local Bounti has recently decreased by 19.06%, indicating that investor sentiment is improving significantly. 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 1.9 News and Social Media Coverage News SentimentLocal Bounti has a news sentiment score of 0.43. 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 0.61 average news sentiment score of Consumer Staples companies.News Coverage This WeekMarketBeat has tracked 9 news articles for Local Bounti this week, compared to 1 article on an average week.MarketBeat FollowsOnly 1 people have added Local Bounti to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% 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 $1,158.00 in company stock.Percentage Held by Insiders36.00% 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 InstitutionsOnly 28.01% of the stock of Local Bounti is held by institutions. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Local Bounti are expected to grow in the coming year, from ($9.35) to ($5.34) 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 0.19. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad Prosper Trading AcademyDid you make $29,000 two days with AI options trades?What if it was possible to find options trades on autopilot… Using A.I. to find the ones with the highest profit potential… And nearly perfect win rates… You can grab your free copy of my "Ultimate Guide to A.I. Options Trading" by clicking the link below:Click Here To Get Your Free Copy 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 HeadlinesMarch 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 29, 2024 | Behind the Markets (Ad)4x Better than Bitcoin4x Better than Bitcoin Bitcoin would have to go from $68,000 to $314,000 to match the 463% gains we saw with Immunogen in December.March 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 26, 2024 | americanbankingnews.comReviewing Grown Rogue International (OTCMKTS:GRUSF) & Local Bounti (NYSE:LOCL)March 13, 2024 | seekingalpha.comVillage Farms GAAP EPS of -$0.20 misses by $0.18, revenue of $74.2M beats by $3.27MMarch 29, 2024 | Behind the Markets (Ad)4x Better than Bitcoin4x Better than Bitcoin Bitcoin would have to go from $68,000 to $314,000 to match the 463% gains we saw with Immunogen in December.March 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 InitiativesDecember 15, 2023 | msn.comLocal Bounti announces CEO transition; sees 2023 sales of $28MDecember 15, 2023 | finance.yahoo.comLocal Bounti Announces Leadership Transition and Provides Business UpdateNovember 8, 2023 | morningstar.comLocal Bounti Corp Class A LOCLNovember 7, 2023 | msn.comLocal Bounti finance chief buys 2K common sharesNovember 6, 2023 | seekingalpha.comLocal Bounti finance chief buys common shares worth ~$15KOctober 31, 2023 | msn.comDeutsche Bank Downgrades Local Bounti Corp - (LOCL)October 31, 2023 | markets.businessinsider.comDeutsche Bank Downgrades Local Bounti: Here's What You Need To KnowOctober 30, 2023 | msn.comLocal Bounti Corporation (LOCL) Reports Q3 Loss, Lags Revenue EstimatesOctober 30, 2023 | finance.yahoo.comLocal Bounti to Release Third Quarter 2023 Financial Results on Monday, October 30, 2023October 18, 2023 | benzinga.comNYSE to Commence Delisting Proceedings with Respect to the Warrants of Local Bounti Corporation (LOCL WS)August 9, 2023 | msn.comLocal Bounti GAAP EPS of -$1.35, revenue of $7.18MSee 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 Today3/29/2024Next Earnings (Estimated)5/08/2024Fiscal 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/AEmployees289Year FoundedN/APrice Target and Rating Average Stock Price Target$33.13 High Stock Price Target$45.50 Low Stock Price Target$9.00 Potential Upside/Downside+1,038.3%Consensus RatingModerate Buy Rating Score (0-4)2.75 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)($15.4609) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-111,070,000.00 Net Margins-450.03% Pretax Margin-311.00% Return on Equity-132.76% Return on Assets-35.77% Debt Debt-to-Equity Ratio2.79 Current Ratio1.12 Quick Ratio0.94 Sales & Book Value Annual Sales$27.56 million Price / Sales0.87 Cash FlowN/A Price / Cash FlowN/A Book Value$15.22 per share Price / Book0.19Miscellaneous Outstanding Shares8,270,000Free Float5,294,000Market Cap$24.07 million OptionableNo Data Beta2.65 Metaverse Stocks And Why You Can't Ignore ThemThinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.Get This Free Report Key ExecutivesDr. Travis M. Joyner J.D. (Age 41)Ph.D., Co-Founder, Chief Technology Officer & Chairman Comp: $82.75kMr. Craig M. Hurlbert (Age 61)Co-Founder, CEO & Director Comp: $86.11kMs. Kathleen Valiasek (Age 60)Chief Financial Officer Comp: $437.85kMr. Bimal PatelChief Operating OfficerMs. Margaret E. McCandless (Age 51)General Counsel & Corporate Secretary Mr. Laz MartinezChief People OfficerMore ExecutivesKey CompetitorsOrigin AgritechNASDAQ:SEEDS&W SeedNASDAQ:SANWVintage Wine EstatesNASDAQ:VWEWillamette Valley VineyardsNASDAQ:WVVIDavis CommoditiesNASDAQ:DTCKView All CompetitorsInsiders & InstitutionsMark Joseph NelsonSold 447 sharesTotal: $1,157.73 ($2.59/share)Vanguard Group Inc.Bought 66,335 shares on 3/11/2024Ownership: 2.257%Vanguard Group Inc.Bought 66,335 shares on 2/15/2024Ownership: 2.257%BNP Paribas Asset Management Holding S.A.Bought 78,205 shares on 2/9/2024Ownership: 2.398%Schwarz Dygos Wheeler Investment Advisors LLCSold 166,667 shares on 2/5/2024Ownership: 0.334%View All Insider TransactionsView All Institutional Transactions LOCL Stock Analysis - Frequently Asked Questions Should I buy or sell Local Bounti stock right now? 4 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 and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" LOCL shares. View LOCL analyst ratings or view top-rated stocks. What is Local Bounti's stock price target for 2024? 4 analysts have issued 1 year price targets for Local Bounti's stock. Their LOCL share price targets range from $9.00 to $45.50. On average, they anticipate the company's stock price to reach $33.13 in the next twelve months. This suggests a possible upside of 1,038.3% 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 on January 1st, 2024. Since then, LOCL shares have increased by 40.6% and is now trading at $2.91. View the best growth stocks for 2024 here. Are investors shorting Local Bounti? Local Bounti saw a drop in short interest in March. As of March 15th, there was short interest totaling 75,600 shares, a drop of 19.1% from the February 29th total of 93,400 shares. Based on an average trading volume of 15,800 shares, the short-interest ratio is presently 4.8 days. Currently, 2.3% of the shares of the 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. What ETFs hold Local Bounti's stock? ETFs with the largest weight of Local Bounti (NYSE:LOCL) stock in their portfolio include Global X AgTech & Food Innovation ETF (KROP) and VegTech Plant-based Innovation & Climate ETF (EATV).VanEck Future of Food ETF (YUMY). When did Local Bounti's stock split? 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 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. 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 earnings per share (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. Who are Local Bounti's major shareholders? Local Bounti's stock is owned by many different institutional and retail investors. Top institutional shareholders include BNP Paribas Asset Management Holding S.A. (2.40%), Vanguard Group Inc. (2.26%), Vanguard Group Inc. (2.26%), Schwarz Dygos Wheeler Investment Advisors LLC (0.33%) and Concourse Financial Group Securities Inc. (0.00%). 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 3/29/2024 by MarketBeat.com Staff From Our PartnersGrab Your Free Bitcoin Today!Crypto Swap ProfitsMake This $3 Trade the Instant the Opening Bell RingsMonument Traders AllianceTop Project Outperforms BTC in 2023…Crypto 101 Media“The Stock Market’s Bull Run is Far from Over” -BarronsVertical Research AdvisoryForget Bitcoin. 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