Local Bounti (LOCL) Projected to Post Earnings on Wednesday

Local Bounti (NYSE:LOCL) is expected to be posting its quarterly earnings results before the market opens on Wednesday, March 26th. Analysts expect Local Bounti to post earnings of ($3.89) per share and revenue of $10.95 million for the quarter.

Local Bounti Price Performance

Shares of NYSE:LOCL opened at $1.93 on Monday. The company has a 50 day moving average of $2.19 and a 200-day moving average of $2.19. Local Bounti has a one year low of $1.18 and a one year high of $3.33. The stock has a market cap of $16.66 million, a price-to-earnings ratio of -0.11 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.