Local Bounti Corporation (LOCL)

NYSE: LOCL · IEX Real-Time Price · USD
2.96
+0.15 (5.16%)
Oct 4, 2022 1:43 PM EDT - Market open
5.16%
Market Cap 281.36M
Revenue (ttm) 7.02M
Net Income (ttm) -96.54M
Shares Out 95.21M
EPS (ttm) -1.19
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 82,437
Open 2.93
Previous Close 2.81
Day's Range 2.85 - 3.16
52-Week Range 2.22 - 12.87
Beta n/a
Analysts Buy
Price Target 10.40 (+251.9%)
Earnings Date Aug 15, 2022

About LOCL

Local Bounti Corporation grows fresh greens and herbs 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...]

Industry Farm Products
Founded 2021
Employees 111
Stock Exchange NYSE
Ticker Symbol LOCL
Full Company Profile

Financial Performance

In 2021, Local Bounti's revenue was $638,000, an increase of 678.05% compared to the previous year's $82,000. Losses were -$56.09 million, 567.1% more than in 2020.

Financial Statements

Analyst Forecast

According to 11 analysts, the average rating for LOCL stock is "Buy." The 12-month stock price forecast is 10.4, which is an increase of 251.95% from the latest price.

Price Target
$10.4
(251.95% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Local Bounti Named Global Sustainability Leader by Business Intelligence Group

Innovative Stack & Flow Technology™ Wins Award for Achieving Significant Sustainability Breakthroughs in Farming HAMILTON, Mont. , Sept. 6, 2022 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL, LOC...

4 weeks ago - PRNewsWire

Local Bounti Announces Second Quarter 2022 Financial Results

Second quarter revenue of $6.3 million, compared to $0.1 million in the prior year period Georgia facility commenced commercial operations in July 2022 Announces Texas as location of next facility Reaff...

1 month ago - PRNewsWire

Local Bounti to Release Second Quarter 2022 Financial Results on Monday, August 15, 2022

HAMILTON, Mont. , Aug. 8, 2022 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL) (NYSE: LOCL WS) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best ...

1 month ago - PRNewsWire

Local Bounti Completes Construction of and Opens New High-Tech Controlled Environment Agriculture Facility in Georgia...

Innovative new CEA facility combines vertical and greenhouse technologies to grow sustainable produce year-round that lasts 3-5 times longer while using 90% less water and land Enhances East Coast prese...

2 months ago - PRNewsWire

Local Bounti Joins the Russell 2000® Index

HAMILTON, Mont. , June 27, 2022 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL, LOCL.WT) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best aspect...

3 months ago - PRNewsWire

Local Bounti to Participate in the Cowen 2nd Annual Sustainability & Energy Transition Summit

HAMILTON, Mont. , June 1, 2022 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL, LOCL.WT) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best aspects...

4 months ago - PRNewsWire

Local Bounti to Participate in the BMO Global Farm to Market Conference

HAMILTON, Mont., May 11, 2022 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL, LOCL.WT) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best aspects ...

4 months ago - PRNewsWire

Local Bounti Announces First Quarter 2022 Financial Results

Georgia facility expected to commence operations in July 2022 Pasco, Washington facility advancing forward Reaffirms full year 2022 guidance HAMILTON, Mont. , May 9, 2022 /PRNewswire/ -- Local Bounti Co...

4 months ago - PRNewsWire

Local Bounti® Issues Full Year 2021 Sustainability Report

HAMILTON, Mont. , April 28, 2022 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL, LOCL WS) ("Local Bounti®" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best aspe...

5 months ago - PRNewsWire

Local Bounti® to Release First Quarter 2022 Financial Results on Monday, May 9, 2022

HAMILTON, Mont. , April 25, 2022 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL, LOCL WS) ("Local Bounti®" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best aspe...

5 months ago - PRNewsWire

Local Bounti® Closes Acquisition of Pete's®

HAMILTON, Mont. , April 5, 2022 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL, LOCL WS) ("Local Bounti®" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best aspec...

5 months ago - PRNewsWire

Local Bounti to Participate in the J.P. Morgan Global ESG Conference

HAMILTON, Mont , March 17, 2022 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL, LOCL.WT) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best aspect...

6 months ago - PRNewsWire

Local Bounti Announces Full Year 2021 Results

Transformative acquisition of Pete's will immediately open distribution to approximately 10,000 retail doors Full year 2021 gross margin of 32% Provides full year 2022 sales guidance of at least $20 mil...

6 months ago - PRNewsWire

Local Bounti® to Acquire Pete's® for $122.5 Million Creating Leading CEA Operator with Largest National Retail Distri...

De-risks near-term operational execution, expanding upon existing market presence and creating a coast-to-coast footprint covering existing relationships at approximately 10,000 retail grocery doors. En...

6 months ago - PRNewsWire

Local Bounti® to Release Fiscal Full Year 2021 Financial Results on Tuesday, March 15, 2022

HAMILTON, Mont., March 14, 2022 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL, LOCL WS) ("Local Bounti®" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best aspec...

6 months ago - PRNewsWire

8 Stocks To Play The Plant-Based Food Trend

Plant-based products are fast becoming a popular alternative to regular meat and dairy products, with companies such as Tyson Foods TSN and Kellogg K entering the space. Restaurants and grocery stores a...

7 months ago - Benzinga

Local Bounti Issues Inaugural Corporate Sustainability Report

HAMILTON, Mont., Jan. 5, 2022 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL)(Local Bounti), a breakthrough U.S. indoor agriculture company, today announced the issuance of its inaugural Corporate...

8 months ago - PRNewsWire

Deutsche Bank Is Bullish On This Agriculture Company

Deutsche Bank analyst Christopher Barnes initiated coverage of Local Bounti Corp (NYSE:LOCL) with a Buy rating and $9 price target, implying a 25.6% upside. The analyst sees Local as a well-positioned c...

9 months ago - Benzinga