LOCL Stock Price, Local Bounti Corporation Quote, Chart

Market Summary

USD2.93-0.07

Delayed

-2.33%

LOCL Stock Price

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LOCL RSI Chart

LOCL Valuation

Market Cap

24.7M

Price/Earnings (Trailing)

-0.2

Price/Sales (Trailing)

0.9

EV/EBITDA

-3.44

Price/Free Cashflow

-0.13

LOCL Price/Sales (Trailing)

LOCL Profitability

EBT Margin

-203.55%

Return on Equity

-811.99%

Return on Assets

-32.49%

Free Cashflow Yield

-790.48%

LOCL Fundamentals

LOCL Revenue

Revenue (TTM)

27.6M

Rev. Growth (Yr)

3.43%

Rev. Growth (Qtr)

0.82%

LOCL Earnings

Earnings (TTM)

-124.0M

Earnings Growth (Yr)

-147.08%

Earnings Growth (Qtr)

-170.24%

Breaking Down LOCL Revenue

Last 7 days

17.7%

Last 30 days

0.3%

Last 90 days

32.0%

How does LOCL drawdown profile look like?

LOCL Financial Health

Current Ratio

0.84

Debt/Equity

18.2

Debt/Cashflow

-0.12

LOCL Investor Care

Shares Dilution (1Y)

5.23%

Diluted EPS (TTM)

-15.59

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
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
Apr 25, 2024	valiasek kathleen	acquired	-	-	91,363	chief financial officer
Apr 25, 2024	mccandless margaret	acquired	-	-	25,000	general counsel & secretary
Apr 25, 2024	hurlbert craig m.	acquired	-	-	120,000	chief executive officer
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
Jan 02, 2024	valiasek kathleen	sold (taxes)	-24,884	2.15	-11,574	chief financial officer

Which funds bought or sold LOCL recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 25, 2024	Allworth Financial LP	unchanged	-	161	559	-%
Apr 23, 2024	Global Retirement Partners, LLC	added	22.58	5,605	10,269	-%
Apr 18, 2024	Capital Advisors, Ltd. LLC	new	-	-	-	-%
Mar 11, 2024	VANGUARD GROUP INC	added	55.13	91,587	386,403	-%
Feb 15, 2024	JANE STREET GROUP, LLC	sold off	-100	-994	-	-%
Feb 14, 2024	TENOR CAPITAL MANAGEMENT Co., L.P.	sold off	-100	-669	-	-%
Feb 14, 2024	FLOW TRADERS U.S. LLC	reduced	-4.29	-	-	-%
Feb 14, 2024	MILLENNIUM MANAGEMENT LLC	sold off	-100	-72,829	-	-%
Feb 14, 2024	BRIDGEWAY CAPITAL MANAGEMENT, LLC	unchanged	-	-6,284	34,234	-%

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
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
Apr 09, 2024	PRE 14A	PRE 14A
Apr 05, 2024	8-K	Current Report
Apr 03, 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	30.6B	93.9B	-4.59%	-22.96%	8.8	0.33	-7.50%	-19.75%
BG	14.9B	61.3B	0.27%	10.80%	7.7	0.25	-8.91%	30.43%
CAG	14.9B	12.1B	5.36%	-18.02%	15.6	1.23	-0.78%	18.26%
CPB	13.4B	9.3B	1.77%	-18.42%	17.45	1.44	1.02%	-5.78%
ACI	11.6B	79.2B	-5.93%	-3.87%	8.94	0.15	2.05%	-14.37%
MID-CAP
BRBR	7.4B	1.7B	-4.18%	55.33%	44.67	4.25	21.49%	39.64%
FLO	5.2B	5.1B	3.79%	-10.64%	42.01	1.02	5.93%	-45.96%
FRPT	5.1B	766.9M	-8.07%	57.07%	-152.82	6.7	28.82%	43.50%
CALM	2.8B	2.4B	-3.02%	18.14%	10.04	1.17	-22.17%	-63.60%
CENT	2.8B	3.3B	-3.69%	44.26%	20.48	0.83	0.37%	-0.15%
SMALL-CAP
ANDE	1.9B	14.8B	-0.85%	28.92%	19	0.13	-14.86%	-22.80%
BGS	869.6M	2.1B	-3.41%	-27.40%	-13.14	0.42	-4.65%	-482.22%
BYND	413.9M	343.4M	-22.80%	-52.77%	-1.22	1.21	-18.04%	7.65%
ALCO	217.8M	106.3M	-2.62%	20.24%	4.54	2.05	34.67%	5930.90%
AQB	7.5M	2.5M	-2.01%	261.11%	-0.27	3.04	-21.18%	-24.37%

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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3
Revenue	0.8%	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	67.9%	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	208.8%	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	21.3%	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	-20.4%	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	-0.2%	-2.37	-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	-10.8%	-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	0.8%	-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	-170.2%	-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	-44.7%	-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	-2.4%	-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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2021Q1	2021Q1	2020Q4	2019Q4
Assets	1.1%	382	377	364	299	279	262	264	126	144	44.00	276	277	278	143	9.00	6.00
Current Assets	-2.9%	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	-12.6%	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	-6.3%	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	-100.0%	-	38.00	38.00	38.00	38.00	38.00	37.00	38.00	-	-	-	-	-	-	-	-
Liabilities	22.3%	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	29.0%	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	28.1%	278	217	179	122	120	114	105	11.00	11.00	16.00	-	-	-	-	0.00	2.00
LT Debt, Non Current	28.1%	278	217	179	122	120	114	105	11.00	11.00	16.00	-	-	-	-	0.00	2.00
Shareholder's Equity	-80.4%	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	-27.6%	-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	1.0%	319	316	312	307	301	272	261	181	170	15.00	-	-	-	0.00	10.00	6.00
Shares Outstanding	0.5%	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	1.00
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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2021Q1	2020Q4	2020Q3	2019Q4
Cashflow From Operations	27.6%	-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	-19.9%	2,616	3,265	4,434	5,959	5,550	10,907	11,696	11,013	12,953	-	-	4,942	-	-	-	-
Cashflow From Investing	-9.7%	-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	75.8%	50,747	28,869	84,718	23,045	28,045	7,470	109,539	-	106,586	5,314	17,302	21,604	-	-	-	-

LOCL Income Statement

2023-12-31

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

12 Months Ended

Dec. 31, 2023

Dec. 31, 2022

Income Statement [Abstract]

Sales

$ 27,557

$ 19,474

Cost of goods sold

^[1],[2],[3]

25,341

17,259

Gross profit

2,216

2,215

Operating expenses:

Research and development

^[1],[2]

16,086

14,059

Selling, general and administrative

^[1],[2]

64,559

82,682

Goodwill impairment

38,481

0

Total operating expenses

119,126

96,741

Loss from operations

(116,910)

(94,526)

Other income (expense):

Change in fair value of warrant liability

18,483

0

Interest expense, net

(25,745)

(16,734)

Other income

157

189

Net loss

$ (124,015)

$ (111,071)

Net loss applicable to common stockholders per basic common share:

Basic (in dollars per share)

^[4]

$ (15.61)

$ (16.57)

Diluted (in dollars per share)

^[4]

$ (15.61)

$ (16.57)

Weighted average common shares outstanding:

Basic (in shares)

^[4]

7,943,874

6,701,126

Diluted (in shares)

^[4]

7,943,874

6,701,126

[1]

Amounts include depreciation and amortization as follows:


	Year Ended December 31,
	2023		2022
Cost of goods sold	$	3,513	$	2,957
Research and development	2,505		1,304
Selling, general and administrative	7,114		6,166
Total depreciation and amortization	$	13,132	$	10,427

[2]

Amounts include stock-based compensation as follows:


	Year Ended December 31,
	2023		2022
Cost of goods sold	$	123	$	104
Research and development	1,464		2,057
Selling, general and administrative	14,687		37,005
Total stock-based compensation expense, net of amounts capitalized	$	16,274	$	39,166

[3]

Amounts include the impact for non-cash increase in cost of goods sold attributable to the fair value basis adjustment to inventory in connection with the Pete's Acquisition (as defined below) as follows:


	Year Ended December 31,
	2023		2022
Cost of goods sold	$	—	$	1,042
Total business combination fair value basis adjustment to inventory	$	—	$	1,042

[4]

Prior comparative period share and per share amounts have been retroactively adjusted to reflect the June 15, 2023 Reverse Stock Split (as defined below). See Note 12, Stockholders' Equity, for additional detail.

.

LOCL Balance Sheet

2023-12-31

CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands

Dec. 31, 2023

Dec. 31, 2022

Current assets

Cash and cash equivalents

$ 10,326

$ 13,666

Restricted cash

6,569

11,272

Accounts receivable, net

3,078

2,691

Inventory, net

4,210

3,594

Prepaid expenses and other current assets

2,805

2,881

Total current assets

26,988

34,104

Property and equipment, net

313,166

157,844

Operating lease right-of-use assets

172

137

Goodwill

0

38,481

Intangible assets, net

41,353

47,273

Other assets

73

901

Total assets

381,752

278,740

Current liabilities

Accounts payable

14,640

13,757

Accrued liabilities

17,204

9,426

Operating lease liabilities

97

84

Total current liabilities

31,941

23,267

Long-term debt, net of debt issuance costs

277,985

119,814

Financing obligation

49,225

14,139

Operating lease liabilities, noncurrent

114

187

Warrant liability

7,214

0

Total liabilities

366,479

157,407

Commitments and contingencies (Note 16)

Stockholders' equity

Common stock, $0.0001 par value, 400,000,000 shares authorized, 8,311,229 and 7,976,980 issued and outstanding as of December 31, 2023 and December 31, 2022, respectively(1)

^[1]

1

Additional paid-in capital

318,600

300,645

Accumulated deficit

(303,328)

(179,313)

Total stockholders' equity

15,273

121,333

Total liabilities and stockholders' equity

$ 381,752

$ 278,740

[1]	Prior comparative period share amounts issued and outstanding have been retroactively adjusted to reflect the June 15, 2023 Reverse Stock Split (as defined below). See Note 12, Stockholders' Equity, for additional detail.

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 Apr 26 2024, market cap of Local Bounti Corporation is 24.72 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 Apr 26 2024, LOCL's PE ratio (Price to Earnings) is -0.2 and Price to Sales (PS) ratio is 0.9. 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.