NYSE:LOCL Local Bounti (LOCL) Stock Price, News & Analysis → Urgent: Protect Your Investments from a Chinese Invasion (From Behind the Markets) (Ad) Free LOCL Stock Alerts $2.91 -0.01 (-0.34%) (As of 04:37 PM ET) Add Compare Share Share Today's Range$2.72▼$2.9650-Day Range$1.74▼$3.0052-Week Range$1.17▼$10.51Volume36,813 shsAverage Volume13,800 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 ($10.60) to ($9.35) 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.3.12 out of 5 starsConsumer Staples Sector87th out of 133 stocksAgricultural Production - Crops Industry5th 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 0.59 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 ($10.60) to ($9.35) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Local Bounti is -0.26, 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 -0.26, 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 Crypto 101 MediaCrypto Market Preps For Trillions Worth of Inflows! Bitcoin is rapidly approaching new ALL-TIME HIGHS… The market is buzzing after recent approval of spot Bitcoin exchange-traded funds (ETF). Top analysts predict these ETFs will attract trillions of dollars worth of inflows over the next few years… And as Bitcoin rallies, we could see other smaller coins rise to heights never seen before.Click to join the Crypto Community Summit Free Online Event 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 28, 2024 | MarketBeat (Ad)Your $200 account credit is about to expireUpdate to MarketBeat All Access and Save $300 on Your Annual SubscriptionMarch 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 28, 2024 | Crypto 101 Media (Ad)Altcoin FRENZY Alert…Bitcoin recently crossed the highest price in its 15-year history… Less than 2 years after one of the most vicious crypto market meltdowns we've ever seen! Bitcoin's BOOM also sent shockwaves through the altcoin market, with select coins seeing HUGE moves in a matter of days… Like Fetch.ai, that gained over 350% in just the last 30 days… 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 Today3/28/2024Next 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+1,034.4%Consensus RatingModerate Buy Rating Score (0-4)2.75 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)($11.2621) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-111,070,000.00 Net Margins-311.00% Pretax Margin-311.00% Return on Equity-84.66% Return on Assets-25.78% Debt Debt-to-Equity Ratio2.79 Current Ratio1.12 Quick Ratio0.94 Sales & Book Value Annual Sales$19.47 million Price / Sales1.24 Cash FlowN/A Price / Cash FlowN/A Book Value$15.22 per share Price / Book0.19Miscellaneous Outstanding Shares8,270,000Free Float5,294,000Market Cap$24.15 million OptionableNo Data Beta2.65 Investing Strategies To Help Grow Your Retirement IncomeNeed to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.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 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 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 brokerages have issued 12 month target prices for Local Bounti's shares. 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 year. 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 at the beginning of 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 decrease in short interest during 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 days-to-cover ratio is presently 4.8 days. Approximately 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 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 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 a variety of 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 3/28/2024 by MarketBeat.com Staff From Our PartnersTrump’s “Tax Free” Retirement Strategy Gold Safe ExchangeGrab 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 MediaThis AI Trade Machine Made 1,729%* (With 89% Wins)Prosper Trading Academy“The Stock Market’s Bull Run is Far from Over” -BarronsVertical Research AdvisoryMost important medical advance in 100 yearsThe Oxford ClubFed launches fourth dollar overhaulStansberry Research Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Local Bounti Co. Please log in to your account or sign up in order to add this asset to your watchlist. 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