Local Bounti Corporation (LOCL)

Market Cap	17.72M
Revenue (ttm)	31.50M
Net Income (ttm)	-139.13M
Shares Out	8.64M
EPS (ttm)	-16.94
PE Ratio	n/a
Forward PE	n/a
Dividend	n/a
Ex-Dividend Date	n/a

Volume	14,595
Open	2.060
Previous Close	2.170
Day's Range	2.030 - 2.150
52-Week Range	1.170 - 6.330
Beta	2.54
Analysts	Hold
Price Target	1.00 (-51.22%)
Earnings Date	Oct 28, 2024

About 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.

• Industry: Farm Products
• Sector: Consumer Staples
• Founded: 2021
• Employees: 301
• Stock Exchange: NYSE
• Ticker Symbol: LOCL
• Website: https://localbounti.com

Financial Performance

In 2023, Local Bounti's revenue was $27.56 million, an increase of 41.51% compared to the previous year's $19.47 million. Losses were -$124.02 million, 11.7% more than in 2022.

Analyst Forecast

According to one analyst, the rating for LOCL stock is "Hold" and the 12-month stock price forecast is $1.0.

Price Target

$1.0

(-51.22% downside)

Analyst Consensus: Hold