Local Bounti (LOCL) to Release Quarterly Earnings on Wednesday

Local Bounti (NYSE:LOCL) will likely be issuing its quarterly earnings data before the market opens on Wednesday, March 26th. Analysts expect the company to announce earnings of ($3.89) per share and revenue of $10.95 million for the quarter.

Local Bounti Trading Down 10.3 %

LOCL stock opened at $1.87 on Wednesday. The firm has a 50 day moving average of $2.20 and a 200-day moving average of $2.21. Local Bounti has a 12-month low of $1.18 and a 12-month high of $3.33. The company has a market cap of $16.14 million, a price-to-earnings ratio of -0.10 and a beta of 2.20.

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.