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Innovative Eyewear, Inc. (LUCY)
NASDAQ:LUCY
LUCY Stock Chart & Stats
Day’s Range― - ―
52-Week Range$3.26 - $27.20
Previous CloseN/A
Volume41.13K
Average Volume (3M)26.89K
Market Cap
$11.75M
Enterprise Value$5.06M
Total Cash (Recent Filing)N/A
Total Debt (Recent Filing)N/A
Price to Earnings (P/E)―
Beta1.01
Next EarningsN/A
EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-9.61
Shares Outstanding2,442,248
10 Day Avg. Volume23,034
30 Day Avg. Volume26,888
Standard Deviation0.68
R-Squared0.03
Alpha-0.01
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)6.83
Price to Cash Flow (P/CF)-1.90
P/FCF Ratio0.00
Enterprise Value/Market Cap0.43
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit-42.43
Enterprise Value/Ebitda-0.64
Forecast
1Y Price Target
$14.00Price Target Upside191.06% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering0
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Innovative Eyewear, Inc. News
PremiumCompany Announcements
Innovative Eyewear Names Oswald Gayle Co-CFO
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Bulls Say, Bears Say
Bulls Say
Cash PositionLUCY ended 2Q24 with $5.9M in cash and equivalents, up from $2.6M in 1Q24 on $5.2M of stock sales in May.
Financial PerformanceLUCY improved costs, expanding 3Q24 gross margin to 23.4%, from 17.9% in 2Q24.
Strategic ExpansionThe combination of mass-market-ready smart-eyewear products and the launch of products under major consumer brands sets the stage for LUCY to expand distribution to address a larger opportunity.
Bears Say
Product DistributionLUCY's distribution mix is still shifting, affecting anticipated revenue performance despite product launch efforts.
Retail PartnershipsLUCY has yet to sign a major retail customer, and wholesale declined 11% y/y as the company prioritizes larger customer opportunities, which have not yet materialized.
Revenue PerformanceLUCY reported 2Q24 revenue of $0.3M, up from $0.2M in 2Q23, below the $0.9M estimate that anticipated a steeper uptake on new product launches.
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Ownership Overview
40.97% Insiders
0.62% Mutual Funds
2.21% Other Institutional Investors
56.10% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
LUCY FAQ
What was Innovative Eyewear, Inc.’s price range in the past 12 months?
Innovative Eyewear, Inc. lowest stock price was $3.26 and its highest was $27.20 in the past 12 months.
What is Innovative Eyewear, Inc.’s market cap?
Innovative Eyewear, Inc.’s market cap is $11.75M.
When is Innovative Eyewear, Inc.’s upcoming earnings report date?
The company’s upcoming earnings report date is not yet available.
How were Innovative Eyewear, Inc.’s earnings last quarter?
Innovative Eyewear, Inc. released its earnings results on Nov 13, 2024. The company reported -$0.99 earnings per share for the quarter, beating the consensus estimate of -$1.36 by $0.37.
Is Innovative Eyewear, Inc. overvalued?
According to Wall Street analysts Innovative Eyewear, Inc.’s price is currently Undervalued.
Does Innovative Eyewear, Inc. pay dividends?
Innovative Eyewear, Inc. does not currently pay dividends.
What is Innovative Eyewear, Inc.’s EPS estimate?
Innovative Eyewear, Inc.’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does Innovative Eyewear, Inc. have?
Innovative Eyewear, Inc. has 2,442,248 shares outstanding.
What happened to Innovative Eyewear, Inc.’s price movement after its last earnings report?
Innovative Eyewear, Inc. reported an EPS of -$0.99 in its last earnings report, beating expectations of -$1.36. Following the earnings report the stock price went down -1.585%.
Which hedge fund is a major shareholder of Innovative Eyewear, Inc.?
Currently, no hedge funds are holding shares in LUCY
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Company Description
Innovative Eyewear, Inc.
Innovative Eyewear Inc is engaged in developing and selling eyeglasses and sunglasses, which are designed to allow the customers to remain connected to their digital lives, while also offering prescription eyewear and sun protection. Its products Lucyd Lyte glasses enable the wearer to listen to music, take and make calls, and use voice assistants to perform many common smartphone tasks hands-free.
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LUCY Stock 12 Month Forecast
Average Price Target
$14.00
▲(191.06% Upside)
Technical Analysis
Best Analysts Covering LUCY
1 Year
1 Year Success Rate
2/6 ratings generated profit
1 Year Average Return
-16.62%
reiterated a buy rating 3 months ago
Copying Matthew Galinko's trades and holding each position for 1 Year would result in 33.33% of your transactions generating a profit, with an average return of -16.62% per trade.
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