LOCL Stock Price, Local Bounti Corporation Quote, Chart

Market Summary

USD3.00+0.04

Delayed

1.35%

LOCL Stock Price

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LOCL RSI Chart

LOCL Valuation

Market Cap

25.5M

Price/Earnings (Trailing)

-0.2

Price/Sales (Trailing)

0.87

EV/EBITDA

-4.58

Price/Free Cashflow

-0.13

LOCL Price/Sales (Trailing)

LOCL Profitability

EBT Margin

-191.82%

Return on Equity

1.3K%

Return on Assets

-30.12%

Free Cashflow Yield

-773.54%

LOCL Fundamentals

LOCL Revenue

Revenue (TTM)

29.2M

Rev. Growth (Yr)

25.16%

Rev. Growth (Qtr)

22.09%

LOCL Earnings

Earnings (TTM)

-124.5M

Earnings Growth (Yr)

-2.22%

Earnings Growth (Qtr)

63.31%

Breaking Down LOCL Revenue

Last 7 days

3.5%

Last 30 days

36.4%

Last 90 days

16.3%

How does LOCL drawdown profile look like?

LOCL Financial Health

Current Ratio

0.8

Debt/Equity

-34.91

Debt/Cashflow

-0.1

LOCL Investor Care

Shares Dilution (1Y)

4.51%

Diluted EPS (TTM)

-15.49

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	29.2M	0	0	0
2023	25.9M	26.8M	27.3M	27.6M
2022	863.0K	7.0M	13.2M	19.5M
2021	221.0K	360.0K	499.0K	638.0K
2020	0	0	0	82.0K

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Tracking the Latest Insider Buys and Sells of Local Bounti Corporation

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
May 01, 2024	valiasek kathleen	sold (taxes)	-9,525	2.83	-3,366	chief financial officer
Apr 25, 2024	valiasek kathleen	acquired	-	-	91,363	chief financial officer
Apr 25, 2024	hurlbert craig m.	acquired	-	-	120,000	chief executive officer
Apr 25, 2024	mccandless margaret	acquired	-	-	25,000	general counsel & secretary
Apr 15, 2024	nelson mark joseph	sold	-1,527	2.315	-660	-
Apr 01, 2024	mccandless margaret	sold (taxes)	-6,906	2.84	-2,432	general counsel & secretary
Apr 01, 2024	valiasek kathleen	sold (taxes)	-10,553	2.84	-3,716	chief financial officer
Mar 13, 2024	nelson mark joseph	sold	-1,159	2.5937	-447	-
Mar 01, 2024	mccandless margaret	sold (taxes)	-2,165	2.72	-796	general counsel & secretary
Feb 01, 2024	joyner travis m.	back to issuer	-	-	-46,154	chief technology officer

Which funds bought or sold LOCL recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	Garner Asset Management Corp	sold off	-100	-34.00	-	-%
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	sold off	-100	-971	-	-%
May 15, 2024	LMR Partners LLP	sold off	-100	-5,068	-	-%
May 15, 2024	Royal Bank of Canada	reduced	-98.16	-3,000	-	-%
May 15, 2024	BRIDGEWAY CAPITAL MANAGEMENT, LLC	unchanged	-	13,892	48,126	-%
May 15, 2024	FLOW TRADERS U.S. LLC	sold off	-100	-	-	-%
May 15, 2024	Tower Research Capital LLC (TRC)	added	187	5,274	7,007	-%
May 15, 2024	Phoenix Holdings Ltd.	sold off	-100	-1.00	-	-%
May 15, 2024	Caption Management, LLC	sold off	-100	-155	-	-%
May 15, 2024	Cresset Asset Management, LLC	reduced	-	179,956	623,418	-%

Are Funds Buying or Selling LOCL?

Are funds buying LOCL calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own LOCL

No. of Funds

Unveiling Local Bounti Corporation's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2024	fmr llc	-	0	SC 13G/A
Jan 26, 2024	leo investors iii lp	0.98%	81,789	SC 13G/A
Nov 08, 2023	mcleod management co., llc	13.1%	1,078,653	SC 13D/A
Nov 08, 2023	wheat wind farms, llc	14.3%	1,177,386	SC 13D/A

Recent SEC filings of Local Bounti Corporation

View All Filings

Date Filed	Form Type	Document
May 10, 2024	10-Q	Quarterly Report
May 09, 2024	8-K	Current Report
May 03, 2024	4	Insider Trading
Apr 26, 2024	4	Insider Trading
Apr 26, 2024	4	Insider Trading
Apr 26, 2024	4	Insider Trading
Apr 19, 2024	ARS	ARS
Apr 19, 2024	DEF 14A	DEF 14A
Apr 19, 2024	DEFA14A	DEFA14A
Apr 17, 2024	4	Insider Trading

Peers (Alternatives to Local Bounti Corporation)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
ADM	30.5B	91.7B	1.99%	-15.35%	10.02	0.33	-10.07%	-31.73%
BG	15.0B	61.3B	-2.21%	16.07%	7.7	0.25	-8.91%	30.43%
CAG	14.7B	12.1B	1.62%	-14.16%	15.43	1.21	-0.78%	18.26%
CPB	13.8B	9.3B	7.27%	-12.09%	18.08	1.49	1.02%	-5.78%
ACI	11.9B	79.2B	0.88%	1.68%	9.19	0.15	2.05%	-14.37%
MID-CAP
BRBR	7.5B	1.8B	5.71%	59.23%	39.11	4.06	23.06%	29.48%
FRPT	6.1B	823.2M	20.41%	92.18%	627.36	7.45	30.53%	114.65%
FLO	5.2B	5.1B	4.80%	-15.22%	41.05	1.01	4.66%	-41.11%
CENT	3.0B	3.3B	17.04%	57.25%	20.35	0.91	1.49%	31.18%
CALM	2.8B	2.4B	-3.61%	21.31%	10.29	1.19	-22.17%	-63.60%
SMALL-CAP
ANDE	1.8B	13.6B	-9.19%	34.04%	14.42	0.13	-21.14%	9.65%
BGS	743.1M	2.0B	-11.49%	-26.60%	-6.76	0.37	-5.45%	-247.51%
BYND	467.2M	326.7M	11.98%	-36.95%	-1.4	1.43	-18.66%	-2.70%
ALCO	208.0M	103.1M	2.36%	17.74%	5.21	2.02	56.46%	236.17%
AQB	7.1M	2.6M	5.71%	277.55%	-0.22	2.8	-0.77%	-36.97%

Local Bounti Corporation News

Latest updates

Local Bounti Corporation Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

Income Statement (Quarterly)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3
Revenue	22.1%	8,383,000	6,866,000	6,810,000	7,183,000	6,698,000	6,638,000	6,285,000	6,269,000	282,000	314,000	159,000	108,000	57,000	-	-
Gross Profit	15.6%	786,000	680,000	405,000	852,000	279,000	911,500	1,270,000	-12,000	48,000	163,000	4,000	27,000	12,000	-	-
Operating Expenses	-81.5%	11,085,000	59,932,000	19,407,000	20,230,000	19,557,000	23,064,500	23,258,000	26,214,000	24,207,000	26,825,000	5,687,000	3,685,000	8,726,000	-	-
S&GA Expenses	-56.5%	7,598,000	17,468,000	14,406,000	16,704,000	15,981,000	17,492,000	20,239,000	23,141,000	22,259,000	25,973,000	4,269,000	2,962,000	8,294,000	-	-
R&D Expenses	-12.5%	3,487,000	3,983,000	5,001,000	3,526,000	3,576,000	5,572,500	3,019,000	3,073,000	1,948,000	852,000	1,418,000	723,000	432,000	-	-
EBITDA Margin	-1.8%	-2.54	-2.49	-2.37	-2.36	-2.40	-3.20	-4.80	-9.08	-72.83	-97.22	-17.32	-24.01	-39.11	-105	-
Interest Expenses	-22.1%	-9,608,000	-7,869,000	-7,105,000	-6,472,000	-4,299,000	-4,472,000	-5,154,000	-5,465,000	-1,643,000	-1,866,000	-3,079,000	-1,268,000	-405,000	-	-
Income Taxes	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings Before Taxes	-	-	-	-	-	-	-	-	-	-	-28,271,000	-	-	-	-	-
EBT Margin	5.8%	-1.92	-2.04	-2.05	-2.09	-2.17	-2.88	-4.27	-7.99	-65.00	-87.92	-16.85	-23.36	-38.05	-102	-
Net Income	63.3%	-24,050,000	-65,554,000	-24,258,000	-10,676,000	-23,527,000	-26,532,000	-27,104,000	-31,663,000	-25,772,000	-28,271,000	-10,834,000	-7,590,000	-9,398,000	-	-
Net Income Margin	5.4%	-4.26	-4.50	-3.11	-3.28	-4.20	-5.70	-8.58	-13.74	-83.97	-87.92	-16.85	-23.36	-38.05	-102	-
Free Cashflow	19.4%	-42,068,000	-52,190,000	-50,957,000	-51,760,000	-40,515,000	-27,088,000	-25,616,000	-27,437,000	-24,687,000	-20,301,000	-13,666,000	-11,514,000	-4,293,000	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																	(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2021Q1	2021Q1	2020Q4	2019Q4
Assets	8.3%	413	382	377	364	299	279	262	264	126	144	44.00	276	277	278	143	9.00	6.00
Current Assets	-4.9%	26.00	27.00	28.00	51.00	17.00	34.00	33.00	50.00	81.00	106	21.00	1.00	2.00	-	0.00	1.00	2.00
Cash Equivalents	42.7%	15.00	10.00	12.00	34.00	7.00	14.00	4.00	23.00	72.00	101	10.00	23.00	17.00	-	-	0.00	2.00
Inventory	17.8%	5.00	4.00	4.00	4.00	4.00	4.00	4.00	3.00	1.00	1.00	1.00	-	-	-	-	0.00	-
Net PPE	-	-	-	-	-	-	-	140	124	44.00	37.00	22.00	-	-	-	-	8.00	4.00
Goodwill	-	-	-	38.00	38.00	38.00	38.00	38.00	37.00	38.00	-	-	-	-	-	-	-	-
Liabilities	15.4%	423	366	300	266	194	157	143	129	40.00	42.00	69.00	22.00	18.00	19.00	-	12.00	3.00
Current Liabilities	0.8%	32.00	32.00	25.00	26.00	32.00	23.00	15.00	10.00	14.00	18.00	8.00	0.00	0.00	1.00	0.00	2.00	1.00
Long Term Debt	18.6%	330	278	217	179	122	120	114	105	11.00	11.00	16.00	-	-	-	-	0.00	2.00
LT Debt, Non Current	-100.0%	-	278	217	179	122	120	114	105	11.00	11.00	16.00	-	-	-	-	0.00	2.00
Shareholder's Equity	-161.9%	-9.45	15.00	78.00	98.00	104	121	119	135	87.00	102	-	5.00	5.00	5.00	0.00	-	3.00
Retained Earnings	-7.9%	-327	-303	-237	-213	-202	-179	-152	-125	-94.01	-68.24	-39.97	-20.94	-15.64	-16.96	-0.01	-12.15	-3.74
Additional Paid-In Capital	-0.2%	318	319	316	312	307	301	272	261	181	170	15.00	-	-	-	0.00	10.00	6.00
Shares Outstanding	1.5%	8.00	8.00	8.00	8.00	8.00	8.00	7.00	7.00	6.00	7.00	4.00	4.00	4.00	-	0.00	4.00	-
Float	-	-	-	-	14.00	-	-	-	175	-	-	-	271	-	-	-	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																	(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2021Q1	2020Q4	2020Q3	2019Q4
Cashflow From Operations	1.2%	-7,083	-7,166	-9,903	-8,258	-7,830	-11,931	-10,220	-16,643	-10,014	-4,828	-7,560	-4,497	-3,223	-	-	-	-
Share Based Compensation	-135.7%	-934	2,616	3,265	4,434	5,959	5,550	10,907	11,696	11,013	12,953	-	-	4,942	-	-	-	-
Cashflow From Investing	22.3%	-34,985	-45,024	-41,054	-43,502	-32,685	-15,157	-14,555	-128,000	-14,673	-15,473	-6,106	-7,017	-1,070	-	-	-	-
Cashflow From Financing	-21.4%	39,904	50,747	28,869	84,718	23,045	28,045	7,470	109,539	-	106,586	5,314	17,302	21,604	-	-	-	-

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LOCL Income Statement

2024-03-31

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands

3 Months Ended

Mar. 31, 2024

Mar. 31, 2023

Income Statement [Abstract]

Sales

$ 8,383

$ 6,698

Cost of goods sold

^[1],[2]

7,597

6,419

Gross profit

786

279

Operating expenses:

Research and development

^[1],[2]

3,487

3,576

Selling, general and administrative

^[1],[2]

7,598

15,981

Total operating expenses

11,085

19,557

Loss from operations

(10,299)

(19,278)

Other income (expense):

Change in fair value of warrant liability

(4,180)

0

Interest expense, net

(9,608)

(4,299)

Other income

37

50

Net loss

$ (24,050)

$ (23,527)

Net loss applicable to common stockholders per basic common share:

Basic (in dollars per share)

$ (2.89)

$ (3.04)

Diluted (in dollars per share)

$ (2.89)

$ (3.04)

Weighted average common shares outstanding:

Basic (in shares)

8,325,944

7,727,866

Diluted (in shares)

8,325,944

7,727,866

[1]

Amounts include depreciation and amortization as follows:


	Three Months Ended March 31,
	2024		2023
Cost of goods sold	$	1,203	$	936
Research and development	797		566
Selling, general and administrative	1,228		1,956
Total depreciation and amortization	$	3,228	$	3,458

[2]

Amounts include stock-based compensation as follows:


	Three Months Ended March 31,
	2024		2023
Cost of goods sold	$	21	$	87
Research and development	93		738
Selling, general and administrative	(1,048)		5,134
Total stock-based compensation expense, net of amounts capitalized	$	(934)	$	5,959

LOCL Balance Sheet

2024-03-31

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current assets
Cash and cash equivalents	$ 8,242	$ 10,326
Restricted cash	6,489	6,569
Accounts receivable, net	3,360	3,078
Inventory, net	4,960	4,210
Prepaid expenses and other current assets	2,620	2,805
Total current assets	25,671	26,988
Property and equipment, net	344,112	313,166
Operating lease right-of-use assets	155	172
Intangible assets, net	40,461	41,353
Other assets	3,008	73
Total assets	413,407	381,752
Current liabilities
Accounts payable	12,778	14,640
Accrued liabilities	19,314	17,204
Financing obligation	25	0
Operating lease liabilities	76	97
Total current liabilities	32,193	31,941
Long-term debt, net of debt issuance costs	329,775	277,985
Financing obligation, noncurrent	49,397	49,225
Operating lease liabilities, noncurrent	95	114
Warrant liability	11,394	7,214
Total liabilities	422,854	366,479
Commitments and contingencies (Note 10)
Stockholders' (deficit) equity
Common stock, 0.0001 par value, 400,000,000 shares authorized, 8,437,542 and 8,311,229 issued and outstanding as of March 31, 2024 and December 31, 2023, respectively	1	1
Additional paid-in capital	317,930	318,600
Accumulated deficit	(327,378)	(303,328)
Total stockholders' (deficit) equity	(9,447)	15,273
Total liabilities and stockholders' equity	$ 413,407	$ 381,752

About Local Bounti Corporation

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.

CEO	Ms. Anna M. Fabrega
WEBSITE	https://localbounti.com
INDUSTRY	Packaged Foods
EMPLOYEES	289

Local Bounti Corporation Frequently Asked Questions

What is the ticker symbol for Local Bounti Corporation? What does LOCL stand for in stocks?

LOCL is the stock ticker symbol of Local Bounti Corporation. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Local Bounti Corporation (LOCL)?

As of Fri May 17 2024, market cap of Local Bounti Corporation is 25.46 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of LOCL stock?

You can check LOCL's fair value in chart for subscribers.

What is the fair value of LOCL stock?

You can check LOCL's fair value in chart for subscribers. The fair value of Local Bounti Corporation is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Local Bounti Corporation is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for LOCL so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Local Bounti Corporation a good stock to buy?

The fair value guage provides a quick view whether LOCL is over valued or under valued. Whether Local Bounti Corporation is cheap or expensive depends on the assumptions which impact Local Bounti Corporation's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for LOCL.

What is Local Bounti Corporation's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, LOCL's PE ratio (Price to Earnings) is -0.2 and Price to Sales (PS) ratio is 0.87. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. LOCL PE ratio will change depending on the future growth rate expectations of investors.