Local Bounti Co. (NYSE:LOCL – Get Free Report)’s stock price was up 0.8% on Thursday . The company traded as high as $2.54 and last traded at $2.51. Approximately 2,903 shares changed hands during trading, a decline of 70% from the average daily volume of 9,698 shares. The stock had previously closed at $2.49.
Local Bounti Stock Performance
The stock has a market cap of $21.70 million, a PE ratio of -0.15 and a beta of 2.51. The stock’s 50-day moving average is $2.48 and its two-hundred day moving average is $2.72.
Local Bounti (NYSE:LOCL – Get Free Report) last issued its quarterly earnings results on Tuesday, August 13th. The company reported ($3.00) EPS for the quarter, beating the consensus estimate of ($3.19) by $0.19. Local Bounti had a negative net margin of 441.65% and a negative return on equity of 1,095.76%. The company had revenue of $9.44 million during the quarter, compared to analysts’ expectations of $11.30 million. During the same quarter last year, the company posted ($1.35) EPS. Analysts forecast that Local Bounti Co. will post -11.24 EPS for the current year.
About Local Bounti
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.
Further Reading
- Five stocks we like better than Local Bounti
- What is a Bond Market Holiday? How to Invest and Trade
- Gilead’s Stock Surge: What’s Fueling the Momentum?
- How to Invest in Tech Stocks and Top Tech Stocks to Consider
- Breakout Alert: Qualcomm Just Hit The Rally Button
- What is the FTSE 100 index?
- Mercado Libre Shares Go on Sale: Is Now the Time to Buy?
Receive News & Ratings for Local Bounti Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Local Bounti and related companies with MarketBeat.com's FREE daily email newsletter.
