NASDAQ:LUCY

Innovative Eyewear (LUCY) Stock Price, News & Analysis

$0.23
+0.01 (+4.55%)
(As of 05/3/2024 ET)
Today's Range
$0.22
$0.24
50-Day Range
$0.20
$0.39
52-Week Range
$0.18
$3.13
Volume
332,223 shs
Average Volume
145,199 shs
Market Capitalization
$2.97 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$1.00

Innovative Eyewear MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
334.8% Upside
$1.00 Price Target
Short Interest
Healthy
0.47% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.39mentions of Innovative Eyewear in the last 14 days
Based on 4 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.

2.64 out of 5 stars

LUCY stock logo

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

LUCY Stock News Headlines

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Innovative Eyewear Inc. Reports 2023 Financial Results
See More Headlines
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Company Calendar

Last Earnings
3/25/2024
Today
5/05/2024
Next Earnings (Estimated)
6/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Medical
Industry
Ophthalmic goods
Sub-Industry
N/A
Current Symbol
NASDAQ:LUCY
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
+334.8%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$-6,660,000.00
Net Margins
-578.05%
Pretax Margin
-578.39%

Debt

Sales & Book Value

Annual Sales
$1.15 million
Book Value
$0.43 per share

Miscellaneous

Free Float
11,496,000
Market Cap
$2.97 million
Optionable
Not Optionable
Beta
0.63
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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

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 Wall Street analysts have issued twelve-month target prices for Innovative Eyewear's shares. Their LUCY share price targets range from $1.00 to $1.00. On average, they expect the company's share price to reach $1.00 in the next year. This suggests a possible upside of 334.8% 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 on January 1st, 2024. Since then, LUCY shares have decreased by 45.5% and is now trading at $0.23.
View the best growth stocks for 2024 here
.

Are investors shorting Innovative Eyewear?

Innovative Eyewear saw a drop in short interest in the month of April. As of April 15th, there was short interest totaling 37,000 shares, a drop of 66.8% from the March 31st total of 111,300 shares. Based on an average daily trading volume, of 117,500 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.5% of the company's shares are sold short.
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 for the quarter. The company had revenue of $0.62 million for 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 5/5/2024 by MarketBeat.com Staff

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