Local Bounti (NYSE:LOCL – Get Rating) is one of 34 publicly-traded companies in the “Agricultural production – crops” industry, but how does it contrast to its peers? We will compare Local Bounti to similar businesses based on the strength of its earnings, risk, valuation, dividends, institutional ownership, profitability and analyst recommendations.
Profitability
This table compares Local Bounti and its peers’ 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% |
Valuation and Earnings
This table compares Local Bounti and its peers revenue, earnings per share (EPS) 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 | 0.65 |
Analyst Recommendations
This is a summary of current ratings and price targets for Local Bounti and its peers, as provided by MarketBeat.com.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| Local Bounti | 0 | 1 | 4 | 0 | 2.80 |
| Local Bounti Competitors | 103 | 172 | 491 | 23 | 2.55 |
Local Bounti currently has a consensus price target of $2.85, suggesting a potential upside of 448.71%. As a group, “Agricultural production – crops” companies have a potential upside of 57.27%. Given Local Bounti’s stronger consensus rating and higher possible upside, equities research analysts plainly believe Local Bounti is more favorable than its peers.
Risk and Volatility
Local Bounti has a beta of 1.71, suggesting that its stock price is 71% more volatile than the S&P 500. Comparatively, Local Bounti’s peers have a beta of -23.30, suggesting that their average stock price is 2,430% less volatile than the S&P 500.
Insider & Institutional Ownership
65.3% of Local Bounti shares are held by institutional investors. Comparatively, 27.4% of shares of all “Agricultural production – crops” companies are held by institutional investors. 36.3% of Local Bounti shares are held by company insiders. Comparatively, 17.2% of shares of all “Agricultural production – crops” companies are held by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth.
Summary
Local Bounti peers beat Local Bounti on 7 of the 13 factors compared.
Local Bounti Company Profile
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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