Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Local Bounti's share price for the quarter that ended in Mar. 2024 was $2.91. Local Bounti's Shares Outstanding (EOP) for the quarter that ended in Mar. 2024 was 8.44 Mil. Therefore, Local Bounti's market cap for the quarter that ended in Mar. 2024 was $24.55 Mil.
Local Bounti's quarterly market cap
declined
from Sep. 2023 ($20.26 Mil) to Dec. 2023 ($17.20 Mil) but then
increased
from Dec. 2023 ($17.20 Mil) to Mar. 2024 ($24.55 Mil).
Local Bounti's annual market cap
declined
from Dec. 2021 ($556.92 Mil) to Dec. 2022 ($144.14 Mil) and
declined
from Dec. 2022 ($144.14 Mil) to Dec. 2023 ($17.20 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Local Bounti's Enterprise Value for Today is $347.08 Mil.
Local Bounti Market Cap Historical Data
The historical data trend for Local Bounti's Market Cap can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Local Bounti's Market Cap
For the Farm Products subindustry, Local Bounti's Market Cap, along with its competitors' market caps and Market Cap data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Local Bounti's Market Cap Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Local Bounti's Market Cap distribution charts can be found below:
* The bar in red indicates where Local Bounti's Market Cap falls into.
Local Bounti Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Local Bounti's Market Cap for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Local Bounti (NYSE:LOCL) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Local Bounti Market Cap Related Terms
Thank you for viewing the detailed overview of Local Bounti's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Local Bounti Corp is a controlled environment agriculture company. Its business model is based on building local facilities, operated by local teams, to deliver fresh and quality produce to local communities while maintaining a limited carbon footprint. Using proprietary technology to grow leafy greens and herbs in smart greenhouses with a cultivation process that uses less water and land than conventional agriculture, free from herbicides or pesticides, it delivers products that have a longer shelf life, and are good in taste.
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