Should I buy or sell Innovative Eyewear stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Innovative Eyewear in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" LUCY shares. View LUCY analyst ratings or view top-rated stocks .

What is Innovative Eyewear's stock price target for 2024?

1 equities research analysts have issued 1-year price targets for Innovative Eyewear's shares. Their LUCY share price targets range from $1.00 to $1.00. On average, they anticipate the company's share price to reach $1.00 in the next year. This suggests a possible upside of 305.4% from the stock's current price. View analysts price targets for LUCY or view top-rated stocks among Wall Street analysts .

How have LUCY shares performed in 2024?

Innovative Eyewear's stock was trading at $0.4219 at the beginning of 2024. Since then, LUCY stock has decreased by 41.5% and is now trading at $0.2467. View the best growth stocks for 2024 here .

Are investors shorting Innovative Eyewear?

Innovative Eyewear saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 111,300 shares, an increase of 18,450.0% from the March 15th total of 600 shares. Based on an average daily volume of 142,600 shares, the days-to-cover ratio is presently 0.8 days. Currently, 1.4% of the company's stock are short sold. View Innovative Eyewear's Short Interest .

When is Innovative Eyewear's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, June 24th 2024. View our LUCY earnings forecast .

How were Innovative Eyewear's earnings last quarter?

Innovative Eyewear, Inc. (NASDAQ:LUCY) issued its earnings results on Monday, March, 25th. The company reported ($0.19) earnings per share (EPS) for the quarter. The firm earned $0.62 million during the quarter. Innovative Eyewear had a negative trailing twelve-month return on equity of 99.83% and a negative net margin of 578.05%.

When did Innovative Eyewear IPO?

Innovative Eyewear (LUCY) raised $8 million in an initial public offering on the week of August 15th 2022. The company issued 900,000 shares at a price of $7.50-$9.50 per share. Maxim Group served as the underwriter for the IPO.

How do I buy shares of Innovative Eyewear?

Shares of LUCY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:LUCY

Innovative Eyewear (LUCY) Stock Price, News & Analysis

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$0.25

-0.01 (-5.41%)

(As of 02:13 PM ET)

Compare

Today's Range: $0.24
▼
$0.26
50-Day Range: $0.25
▼
$0.42
52-Week Range: $0.23
▼
$3.29

Volume: 32,758 shs
Average Volume: 142,910 shs
Market Capitalization: $3.19 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $1.00

Get Innovative Eyewear alerts:

Innovative Eyewear MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 305.4% Upside
$1.00 Price Target
Short Interest: Healthy
1.39% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.55
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.22 out of 5 stars

3.5

Analyst's Opinion

Consensus Rating
Innovative Eyewear has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Innovative Eyewear has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
1.39% of the float of Innovative Eyewear has been sold short.
Short Interest Ratio / Days to Cover
Innovative Eyewear has a short interest ratio ("days to cover") of 0.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Innovative Eyewear has recently increased by 18,450.00%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Innovative Eyewear does not currently pay a dividend.
Dividend Growth
Innovative Eyewear does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for LUCY.

3.1

News and Social Media Coverage

News Sentiment
Innovative Eyewear has a news sentiment score of 0.55. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Medical companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Innovative Eyewear this week, compared to 0 articles on an average week.
Search Interest
4 people have searched for LUCY on MarketBeat in the last 30 days.
MarketBeat Follows
2 people have added Innovative Eyewear to their MarketBeat watchlist in the last 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Innovative Eyewear insiders have not sold or bought any company stock.
Percentage Held by Insiders
11.12% of the stock of Innovative Eyewear is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 0.96% of the stock of Innovative Eyewear is held by institutions.

0.6

Earnings and Valuation

Price to Book Value per Share Ratio
Innovative Eyewear has a P/B Ratio of 0.57. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Innovative Eyewear Stock (NASDAQ:LUCY)

Innovative Eyewear, Inc. develops and sells smart eyeglasses and sunglasses. The company's flagship product is Lucyd Lyte glasses that enable the wearer to listen to music, take and make calls, and use voice assistants to perform various smartphone tasks hands-free. It also offers Vyrb, a social media application that enables the user to receive and send posts through Lucyd Lyte smart glasses with voice. In addition, the company launches an application, Lucyd app for iOS/Android users. It sells its products through various e-commerce, and retail store and distribution channels. Innovative Eyewear, Inc. has a license agreement with Lucyd Ltd. The company was incorporated in 2019 and is headquartered in North Miami, Florida. Innovative Eyewear, Inc. is a subsidiary of Lucyd Ltd.

LUCY Stock Price History

30 days | 90 days | 365 days | Advanced Chart

LUCY Stock News Headlines

April 18, 2024 | prnewswire.com

Innovative Eyewear, Inc. Signs UK Football Legend and Media Personality Micah Richards as Brand Ambassador

April 17, 2024 | finance.yahoo.com

Innovative Eyewear, Inc. Signs Distribution Partnership with Windsor Eyes, Inc.

April 19, 2024 | Gold Safe Exchange (Ad)

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Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.

April 17, 2024 | prnewswire.com

Innovative Eyewear, Inc. Signs Distribution Partnership with Windsor Eyes, Inc.

March 25, 2024 | finance.yahoo.com

Innovative Eyewear Inc. Reports 2023 Financial Results

March 16, 2024 | msn.com

Please Look Up: Eyewear Is Upscaling and Getting Pricier

February 1, 2024 | finance.yahoo.com

Innovative Eyewear, Inc. Commences Shipping of Nautica Smart Eyewear Collection

January 22, 2024 | finance.yahoo.com

Diamond Equity Research to Host Spotlight Emerging Growth Invitational Virtual Investor Conference on January 23, 2024

April 19, 2024 | Gold Safe Exchange (Ad)

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Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.

January 10, 2024 | finanznachrichten.de

Innovative Eyewear Inc.: Innovative Eyewear, Inc. Receives Notice of Allowance for Fourteen Patent Applications

January 10, 2024 | finance.yahoo.com

Innovative Eyewear, Inc. Receives Notice of Allowance for Fourteen Patent Applications

January 5, 2024 | benzinga.com

Innovative Eyewear's (NASDAQ: LUCY) Smart Glasses Partnership With Nautica® Launches In January

December 18, 2023 | bizjournals.com

Miami Dolphins player is brand ambassador for ChatGPT-enabled glasses

December 14, 2023 | finance.yahoo.com

Innovative Eyewear, Inc. Signs Professional Football Player Emmanuel Ogbah as Brand Ambassador

December 13, 2023 | finanznachrichten.de

Financialnewsmedia.com: Global Smart Eyewear Market Size Expected to Reach $10.6 Billion By 2024

December 12, 2023 | finance.yahoo.com

Innovative Eyewear, Inc. Announces the 2.0 Release of its Android ChatGPT App for Smart Eyewear

August 2, 2023 | proactiveinvestors.com

Innovative Eyewear CEO says company is leading innovation in smart...Innovative Eyewear CEO says company is leading innovation in smart eyewear;...

August 1, 2023 | finance.yahoo.com

Innovative Eyewear, Inc. Launches the Lucyd Blueshift Lens for Enhanced Eye Protection and Comfort

June 30, 2023 | finance.yahoo.com

Innovative Eyewear, Inc. Announces Miami Swim Week Runway Show and New Summer Lens Collection

June 28, 2023 | finance.yahoo.com

Innovative Eyewear, Inc. Announces Partnership with PRIVATO Duty Free

June 26, 2023 | finance.yahoo.com

Innovative Eyewear Announces Closing of $4.7 Million Public Offering

June 22, 2023 | msn.com

Innovative Eyewear Shares Are Tumbling: What's Going On?

June 20, 2023 | msn.com

Innovative Eyewear stock spikes on Reebok partnership

June 20, 2023 | finance.yahoo.com

Innovative Eyewear, Inc. Announces Multi-Year, Global Licensing Agreement With Authentic Brands Group for Reebok® Smart Eyewear

April 14, 2023 | finance.yahoo.com

Innovative Eyewear Inc. Hosts Its First Smart Eyewear Fashion Show in Miami to Introduce Lucyd® Lyte 2.0 Collection With ChatGPT Integration

April 12, 2023 | finance.yahoo.com

Innovative Eyewear, Inc. Files Patent For ChatGPT Enabled Smart Eyewear

April 11, 2023 | msn.com

Why Is Innovative Eyewear Stock Skyrocketing Today?

See More Headlines

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Company Calendar

Last Earnings: 3/25/2024
Today: 4/19/2024
Next Earnings (Estimated): 6/24/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Medical
Industry: Ophthalmic goods
Sub-Industry: N/A
Current Symbol: NASDAQ:LUCY
CUSIP: N/A
CIK: 1808377
Web: www.lucyd.co
Phone: 786-785-5178
Fax: N/A
Employees: 11
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $1.00
High Stock Price Target: $1.00
Low Stock Price Target: $1.00
Potential Upside/Downside: +305.4%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-6,660,000.00
Net Margins: -578.05%
Pretax Margin: -578.39%
Return on Equity: -99.83%
Return on Assets: -92.59%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 9.00
Quick Ratio: 7.63

Sales & Book Value

Annual Sales: $1.15 million
Price / Sales: 2.77
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $0.43 per share
Price / Book: 0.57

Miscellaneous

Outstanding Shares: 12,930,000
Free Float: 11,496,000
Market Cap: $3.19 million
Optionable: Not Optionable
Beta: 0.44

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Key Executives

Mr. Harrison Reed Gross (Age 31)
Co-Founder, CEO & Director
Comp: $159.65k
Mr. Konrad Dabrowski (Age 41)
Co-Founder & CFO
Comp: $105.44k
Mr. David Eric Cohen (Age 51)
Co-Founder & CTO
Comp: $147.54k
Mr. Jaoquin Abondano (Age 40)
Chief Operating Officer
Mr. Ekene Ofodile
Senior VP Sales & Marketing

Key Competitors

View All Competitors

LUCY Stock Analysis - Frequently Asked Questions

Should I buy or sell Innovative Eyewear stock right now?: 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Innovative Eyewear in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" LUCY shares.
View LUCY analyst ratings or view top-rated stocks.
What is Innovative Eyewear's stock price target for 2024?: 1 equities research analysts have issued 1-year price targets for Innovative Eyewear's shares. Their LUCY share price targets range from $1.00 to $1.00. On average, they anticipate the company's share price to reach $1.00 in the next year. This suggests a possible upside of 305.4% from the stock's current price.
View analysts price targets for LUCY or view top-rated stocks among Wall Street analysts.
How have LUCY shares performed in 2024?: Innovative Eyewear's stock was trading at $0.4219 at the beginning of 2024. Since then, LUCY stock has decreased by 41.5% and is now trading at $0.2467.
View the best growth stocks for 2024 here.
Are investors shorting Innovative Eyewear?: Innovative Eyewear saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 111,300 shares, an increase of 18,450.0% from the March 15th total of 600 shares. Based on an average daily volume of 142,600 shares, the days-to-cover ratio is presently 0.8 days. Currently, 1.4% of the company's stock are short sold.
View Innovative Eyewear's Short Interest.

When is Innovative Eyewear's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, June 24th 2024.
View our LUCY earnings forecast.
How were Innovative Eyewear's earnings last quarter?: Innovative Eyewear, Inc. (NASDAQ:LUCY) issued its earnings results on Monday, March, 25th. The company reported ($0.19) earnings per share (EPS) for the quarter. The firm earned $0.62 million during the quarter. Innovative Eyewear had a negative trailing twelve-month return on equity of 99.83% and a negative net margin of 578.05%.
When did Innovative Eyewear IPO?: Innovative Eyewear (LUCY) raised $8 million in an initial public offering on the week of August 15th 2022. The company issued 900,000 shares at a price of $7.50-$9.50 per share. Maxim Group served as the underwriter for the IPO.
How do I buy shares of Innovative Eyewear?: Shares of LUCY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:LUCY) was last updated on 4/19/2024 by MarketBeat.com Staff

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Innovative Eyewear (LUCY) Stock Price, News & Analysis

Innovative Eyewear MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Innovative Eyewear Stock (NASDAQ:LUCY)

LUCY Stock Price History

LUCY Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

LUCY Stock Analysis - Frequently Asked Questions

Overall MarketRank^™