Local Bounti Corp Stock Price on April 4, 2024
| LOCL Stock | USD 1.67 0.08 4.57% |
If you're considering investing in Local Stock, it is important to understand the factors that can impact its price. As of today, the current price of Local Bounti stands at 1.67, as last reported on the 22nd of November, with the highest price reaching 1.80 and the lowest price hitting 1.62 during the day. Local Bounti Corp has Sharpe Ratio of -0.15, which conveys that the firm had a -0.15% return per unit of risk over the last 3 months. Local Bounti exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Local Bounti's Standard Deviation of 4.26, mean deviation of 2.89, and Risk Adjusted Performance of (0.09) to check out the risk estimate we provide.
At this time, Local Bounti's Liabilities And Stockholders Equity is quite stable compared to the past year. Stock Based Compensation is expected to rise to about 17.3 M this year, although the value of Total Stockholder Equity will most likely fall to about 14.5 M. . At this time, Local Bounti's Price Book Value Ratio is quite stable compared to the past year. Price To Book Ratio is expected to rise to 1.13 this year, although the value of Price Earnings Ratio will most likely fall to (0.14). Local Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Local |
Sharpe Ratio = -0.1489
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| Negative Returns | LOCL |
Estimated Market Risk
| 4.31 actual daily | 38 62% of assets are more volatile |
Expected Return
| -0.64 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.15 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Local Bounti is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Local Bounti by adding Local Bounti to a well-diversified portfolio.
Price Book 0.4605 | Enterprise Value Ebitda (1.77) | Price Sales 0.4808 | Shares Float 4.1 M | Wall Street Target Price 8 |
Local Bounti Valuation on April 4, 2024
It is possible to determine the worth of Local Bounti on a given historical date. On April 4, 2024 Local was worth 2.95 at the beginning of the trading date compared to the closed value of 2.84. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Local Bounti stock. Still, in general, we apply an absolute valuation method to find Local Bounti's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Local Bounti where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Local Bounti's related companies.
| Open | High | Low | Close | Volume | |
| 2.95 | 2.96 | 2.76 | 2.89 | 14,693 | |
04/04/2024 | 2.95 | 2.95 | 2.70 | 2.84 | 10,510 |
| 2.90 | 2.90 | 2.51 | 2.56 | 16,097 |
| Backtest Local Bounti | | | Local Bounti History | | | Local Bounti Valuation | Previous | Next |
Local Bounti Trading Date Momentum on April 4, 2024
| On April 05 2024 Local Bounti Corp was traded for 2.56 at the closing time. The top price for the day was 2.90 and the lowest listed price was 2.51 . The trading volume for the day was 16.1 K. The trading history from April 5, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 9.86% . The trading delta at closing time against the current closing price is 15.49% . |
Local Bounti Corp Fundamentals Correlations and Trends
By evaluating Local Bounti's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Local Bounti's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Local financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Local Bounti Stock history
Local Bounti investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Local is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Local Bounti Corp will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Local Bounti stock prices may prove useful in developing a viable investing in Local Bounti
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 7.9 M | 7.3 M | |
| Net Loss | -100 M | -95 M |
Local Bounti Stock Technical Analysis
Local Bounti technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Local Bounti Period Price Range
Low | November 22, 2024
| High |
0.00 | 0.00 |
Local Bounti Corp cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Local Bounti November 22, 2024 Market Strength
Market strength indicators help investors to evaluate how Local Bounti stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Local Bounti shares will generate the highest return on investment. By undertsting and applying Local Bounti stock market strength indicators, traders can identify Local Bounti Corp entry and exit signals to maximize returns
Local Bounti Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Local Bounti's price direction in advance. Along with the technical and fundamental analysis of Local Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Local to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.66) | |||
| Total Risk Alpha | (1.14) | |||
| Treynor Ratio | (0.68) |
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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Local Bounti Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Is Packaged Foods & Meats space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Local Bounti. If investors know Local will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Local Bounti listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (18.11) | Revenue Per Share 3.835 | Quarterly Revenue Growth 0.315 | Return On Assets (0.1) | Return On Equity (4.25) |
The market value of Local Bounti Corp is measured differently than its book value, which is the value of Local that is recorded on the company's balance sheet. Investors also form their own opinion of Local Bounti's value that differs from its market value or its book value, called intrinsic value, which is Local Bounti's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Local Bounti's market value can be influenced by many factors that don't directly affect Local Bounti's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Local Bounti's value and its price as these two are different measures arrived at by different means. Investors typically determine if Local Bounti is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Local Bounti's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.