Local Bounti Corp Stock Today
| LOCL Stock | USD 1.75 0.01 0.57% |
Performance0 of 100
| Odds Of DistressOver 82
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Local Bounti is selling for 1.75 as of the 30th of November 2024. This is a 0.57% increase since the beginning of the trading day. The stock's lowest day price was 1.72. Local Bounti has a very high chance of experiencing financial distress in the next few years of operation. It has also generated negative returns for investors over the last 90 days. Equity ratings for Local Bounti Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 1st of September 2024 and ending today, the 30th of November 2024. Click here to learn more.
Business Domain Food, Beverage & Tobacco | IPO Date 19th of April 2021 | Category Consumer Defensive | Classification Consumer Staples |
Local Bounti Corporation grows fresh greens and herbs in the United States. Local Bounti Corporation was founded in 2018 and is headquartered in Hamilton, Montana. Local Bounti operates under Farm Products classification in the United States and is traded on New York Stock Exchange. The company has 8.66 M outstanding shares of which 75.02 K shares are now shorted by private and institutional investors with about 14.3 trading days to cover. More on Local Bounti Corp
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Local Stock Highlights
| Thematic Idea | Agriculture (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Old Names | [L&G LOIM Emerging Market Local Government Bond Fundamental UCITS ETF - USD Unhedged, Freshlocal Solutions Inc] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Packaged Foods & Meats, Food, Beverage & Tobacco, Consumer Defensive, NYSE Composite, Agriculture, Consumer Staples, Food Products, Farm Products, Consumer Defensive (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Strength
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Debt LevelsLocal Bounti can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Local Bounti's financial leverage. It provides some insight into what part of Local Bounti's total assets is financed by creditors.
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Local Bounti Corp (LOCL) is traded on New York Stock Exchange in USA. It is located in 400 W. Main St., Hamilton, MT, United States, 59840 and employs 301 people. Local Bounti is listed under Packaged Foods & Meats category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with a current market capitalization of 15.15 M. Local Bounti Corp conducts business under Food Products sector and is part of Consumer Staples industry. The entity has 8.66 M outstanding shares of which 75.02 K shares are now shorted by private and institutional investors with about 14.3 trading days to cover.
Local Bounti Corp currently holds about 4.23 M in cash with (33.16 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.04.
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Ownership AllocationThe market capitalization of Local Bounti Corp is $15.15 Million. Local Bounti Corp holds significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Note, that even with negative profits, if the true value of the firm is larger than the current market value, you may still be able to generate positive returns on investment in this company.
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Local Stock Institutional Holders
| Instituion | Recorded On | Shares | |
| Global Retirement Partners, Llc. | 2024-09-30 | 3 K | |
| Tower Research Capital Llc | 2024-06-30 | 1.8 K | |
| Hanson Mcclain Inc | 2024-09-30 | 192 | |
| Wells Fargo & Co | 2024-06-30 | 115 | |
| Royal Bank Of Canada | 2024-06-30 | 114 | |
| Bank Of America Corp | 2024-06-30 | 34.0 | |
| Jpmorgan Chase & Co | 2024-06-30 | 20.0 | |
| Capital Advisors, Ltd. Llc | 2024-06-30 | 16.0 | |
| Van Eck Associates Corporation | 2024-06-30 | 0.0 | |
| Cresset Asset Management, Llc | 2024-09-30 | 428.5 K | |
| Vanguard Group Inc | 2024-09-30 | 186.7 K |
Local Bounti Historical Income Statement
Local Stock Against Markets
Local Bounti Corporate Management
| Kathleen Valiasek | Chief Officer | Profile | |
| Mark McKinney | Chief Officer | Profile | |
| Margaret McCandless | General Secretary | Profile | |
| Bimal Patel | Chief Officer | Profile | |
| Gary Hilberg | Chief Officer | Profile | |
| Brian Cook | President | Profile | |
| David Vosburg | Chief Officer | Profile |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Local Bounti Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Is Packaged Foods & Meats space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Local Bounti. If investors know Local will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Local Bounti listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (18.11) | Revenue Per Share 3.835 | Quarterly Revenue Growth 0.315 | Return On Assets (0.1) | Return On Equity (4.25) |
The market value of Local Bounti Corp is measured differently than its book value, which is the value of Local that is recorded on the company's balance sheet. Investors also form their own opinion of Local Bounti's value that differs from its market value or its book value, called intrinsic value, which is Local Bounti's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Local Bounti's market value can be influenced by many factors that don't directly affect Local Bounti's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Local Bounti's value and its price as these two are different measures arrived at by different means. Investors typically determine if Local Bounti is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Local Bounti's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.