Head-To-Head Survey: Local Bounti (LOCL) and Its Rivals

Posted by Defense World Staff on Apr 28th, 2023

Local Bounti (NYSE:LOCL – Get Rating) is one of 34 publicly-traded companies in the “Agricultural production – crops” industry, but how does it weigh in compared to its competitors? We will compare Local Bounti to similar companies based on the strength of its dividends, analyst recommendations, valuation, earnings, profitability, institutional ownership and risk.

Earnings and Valuation

This table compares Local Bounti and its competitors top-line revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Local Bounti	$19.47 million	-$111.07 million	-0.41
Local Bounti Competitors	$1.63 billion	$21.77 million	0.40

Local Bounti’s competitors have higher revenue and earnings than Local Bounti. Local Bounti is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.

Insider and Institutional Ownership

65.3% of Local Bounti shares are owned by institutional investors. Comparatively, 29.1% of shares of all “Agricultural production – crops” companies are owned by institutional investors. 41.5% of Local Bounti shares are owned by company insiders. Comparatively, 17.3% of shares of all “Agricultural production – crops” companies are owned by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.

Profitability

This table compares Local Bounti and its competitors’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Local Bounti	-570.35%	-95.94%	-47.68%
Local Bounti Competitors	-339.13%	-25.58%	-15.99%

Analyst Recommendations

This is a summary of recent ratings for Local Bounti and its competitors, as reported by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Local Bounti	0	1	4	0	2.80
Local Bounti Competitors	102	172	491	23	2.55

Local Bounti currently has a consensus target price of $2.85, indicating a potential upside of 448.29%. As a group, “Agricultural production – crops” companies have a potential upside of 57.78%. Given Local Bounti’s stronger consensus rating and higher probable upside, research analysts plainly believe Local Bounti is more favorable than its competitors.

Risk & Volatility

Local Bounti has a beta of 1.75, meaning that its stock price is 75% more volatile than the S&P 500. Comparatively, Local Bounti’s competitors have a beta of -23.30, meaning that their average stock price is 2,430% less volatile than the S&P 500.

Summary

Local Bounti competitors beat Local Bounti on 7 of the 13 factors compared.

Local Bounti Company Profile

(Get Rating)

Local Bounti Corporation grows fresh greens and herbs 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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