During the last session, Local Bounti Corp (NYSE:LOCL)’s traded shares were 61003.0, with the beta value of the company hitting 1.53. At the end of the trading day, the stock’s price was $3.55, reflecting an intraday loss of -3.79% or -$0.14. The 52-week high for the LOCL share is $5.75, that puts it down -61.97 from that peak though still a striking 66.76% gain since the share price plummeted to a 52-week low of $1.18. The company’s market capitalization is $37.75M, and the average intraday trading volume over the past 10 days was 0.13 million shares, and the average trade volume was 31.62K shares over the past three months.
Local Bounti Corp (LOCL) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 1.00. LOCL has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 0 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -1.31.
Local Bounti Corp (NYSE:LOCL) trade information
Local Bounti Corp (LOCL) registered a -3.79% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -3.79% in intraday trading to $3.55, hitting a weekly high. The stock’s 5-day price performance is 1.43%, and it has moved by 84.89% in 30 days. Based on these gigs, the overall price performance for the year is 58.48%. The short interest in Local Bounti Corp (NYSE:LOCL) is 54946.0 shares and it means that shorts have 6.34 day(s) to cover.
The consensus price target of analysts on Wall Street is $1436.5, which implies an increase of 99.75% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $1436.5 and $1436.5 respectively. As a result, LOCL is trading at a discount of -40364.79% off the target high and -40364.79% off the low.
Local Bounti Corp (LOCL) estimates and forecasts
In the rating firms’ projections, revenue will increase 61.52% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 11.3M as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 13.4M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 8.38M and 9.44M respectively. In this case, analysts expect current quarter sales to grow by 34.80% and then jump by 41.90% in the coming quarter.
While earnings are projected to return 60.22% in 2025, the next five years will return 32.86% per annum.
LOCL Dividends
Local Bounti Corp is due to release its next quarterly earnings on 2025-Mar-30. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Local Bounti Corp (NYSE:LOCL)’s Major holders
Local Bounti Corp insiders own 62.01% of total outstanding shares while institutional holders control 7.27%, with the float percentage being 19.14%.
Also, the Mutual Funds coming in first place with the largest holdings of Local Bounti Corp (LOCL) shares are VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and Fidelity Select Portfolios-Technology Portfolio . Data provided on Dec 31, 2024 indicates that VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund owns about 130.22 shares. This amounts to just over 1.22 percent of the company’s overall shares, with a $0.46 million market value. The same data shows that the other fund manager holds slightly less at 118.99, or about 1.12% of the stock, which is worth about $0.42 million.
