TerrAscend (OTCMKTS:TSNDF – Get Free Report) and Local Bounti (NYSE:LOCL – Get Free Report) are both small-cap medical companies, but which is the better business? We will compare the two companies based on the strength of their valuation, institutional ownership, earnings, profitability, risk, analyst recommendations and dividends.
This table compares TerrAscend and Local Bounti’s net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
This is a breakdown of recent recommendations and price targets for TerrAscend and Local Bounti, as provided by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
Earnings & Valuation
This table compares TerrAscend and Local Bounti’s revenue, earnings per share and valuation.
|Gross Revenue||Price/Sales Ratio||Net Income||Earnings Per Share||Price/Earnings Ratio|
|TerrAscend||$247.83 million||2.48||-$329.91 million||N/A||N/A|
|Local Bounti||$19.47 million||1.09||-$111.07 million||($12.14)||-0.21|
Local Bounti has lower revenue, but higher earnings than TerrAscend.
Institutional and Insider Ownership
0.0% of TerrAscend shares are owned by institutional investors. Comparatively, 15.6% of Local Bounti shares are owned by institutional investors. 32.9% of TerrAscend shares are owned by company insiders. Comparatively, 36.0% of Local Bounti shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.
Volatility and Risk
TerrAscend has a beta of 2.59, suggesting that its share price is 159% more volatile than the S&P 500. Comparatively, Local Bounti has a beta of 1.53, suggesting that its share price is 53% more volatile than the S&P 500.
TerrAscend beats Local Bounti on 6 of the 11 factors compared between the two stocks.
TerrAscend Corp. cultivates, processes, and sells medical and adult use cannabis in Canada and the United States. The company produces and distributes hemp-derived wellness products to retail locations; and manufactures cannabis-infused artisan edibles. It also operates retail dispensaries under the Apothecarium brand name in California, Pennsylvania, and New Jersey. In addition, the company owns various synergistic businesses under Gage Growth, Pinnacle, TerrAscend NJ, Ilera Healthcare, HMS Health and HMS Processing, Valhalla Confections, State Flower, Arise Bioscience Inc., and TerrAscend Canada brands. It serves medical and legal adult-use markets. The company was incorporated in 2017 and is headquartered in Mississauga, Canada.
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.
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