Local Bounti Corporation is an indoor agriculture company. Co. utilizes its patented Stack & Flow Technology to grow food sustainably. Its proprietary process is a hybrid, utilizing vertical farming in early plant growth, followed by greenhouse farming for final grow out. Co. operates advanced indoor growing facilities across the U.S., servicing approximately 13,000 retail doors. It uses 90% less water, 90% less land, and significantly less pesticides and herbicides than traditional outdoor agriculture operations. It has approximately 27 stock keeping units (SKUs) across living and loose leaf lettuce, organic and conventional, cress and value add product lines. We show 12 historical shares outstanding datapoints in our coverage of LOCL's shares outstanding history.
Understanding the changing numbers of LOCL shares outstanding — and
comprehending the concept of differing number of shares outstanding in general comparing companies like LOCL versus peers —
is critical for investors. Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies.
Furthermore, via issuance of new shares over time, or the repurchase of existing shares, the number of shares outstanding can fluctuate over the course of history.
With this page we aim to empower investors researching LOCL by allowing them to research LOCL shares outstanding history
as well as any other stock in our coverage universe. |
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Video: Shares Outstanding Importance
