Local Bounti Co. (NYSE:LOCL – Get Free Report) rose 1.5% during mid-day trading on Wednesday . The company traded as high as $3.01 and last traded at $2.98. Approximately 8,211 shares changed hands during trading, a decline of 33% from the average daily volume of 12,259 shares. The stock had previously closed at $2.93.
Local Bounti Price Performance
The company has a debt-to-equity ratio of 18.20, a quick ratio of 0.64 and a current ratio of 0.80. The company has a 50-day simple moving average of $2.80 and a 200-day simple moving average of $2.61. The company has a market cap of $25.26 million, a price-to-earnings ratio of -0.19 and a beta of 2.56.
Local Bounti (NYSE:LOCL – Get Free Report) last issued its quarterly earnings data on Thursday, May 9th. The company reported ($2.89) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.76) by ($0.13). Local Bounti had a negative return on equity of 273.85% and a negative net margin of 425.89%. The firm had revenue of $8.38 million for the quarter, compared to analyst estimates of $8.40 million. During the same period in the prior year, the firm posted ($2.99) earnings per share. As a group, research analysts predict that Local Bounti Co. will post -12.08 earnings per share for the current year.
Institutional Inflows and Outflows
Local Bounti Company Profile
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.
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