Innovative Eyewear Inc (LUCY): Investing In A Time Of Crisis

Innovative Eyewear Inc (NASDAQ:LUCY) currently has a daily average trading volume of 27.46K but it saw 14321660 shares traded in last market. With a market cap of 12.14M USD, the company’s current market price of $4.95 came rising about 102.04 while comparing to the previous closing price of $2.45. In past 52 weeks, the stock remained buoying in the range of price level as high as $27.20 and as low as $1.70. In the recent trading on the day, stock has struck highest price mark of $2.16 while lowest mark touched by it was $5.56.

Taking a look at 20-day trading activity of Innovative Eyewear Inc (LUCY) gives us an average price of $2.94, while its current price level is -81.80% below from 52-week high level whereas it is 191.18% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $3.89 while that of 200 days or SMA-200 reads an average of $5.73. A closer look into the stock’s movement over the week reveals that its volatility is standing at 49.46% during that period while stretching the period over a month that decreases to 18.56%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 69.54 which implies that the stock is in neutral territory.

Over the week, LUCY’s stock price is moving 115.21% up while it is 30.26% when we observe its performance for the past one month. Year-to-date it is 0.61% up and over the past year, the stock is showing a downside performance of -12.58%.

The company is expected to be releasing its next quarterly report on 2025-Mar-23, for which analysts forecasted an EPS of -0.73 while estimate for next year EPS is -2.4. In next quarter, company is expected to be making quarterly sales of $1.5M as analysts are expecting the sales for current fiscal year at $10.3M and seeing the company making $25.6M in sales next year. Moreover, analysts are in estimates of $1M for current-quarter revenue.

Currently, Innovative Eyewear Inc’s total number of outstanding shares is 2.45M with 51.37% of that held by the insiders while 0.88% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -85.39% and return on equity (ROE) at -106.00%. It has a 7.17 of forward P/E ratio. Stock’s beta reads 3.00. Stock has a price to book (P/B) ratio of 1.33 while price to sale or P/S ratio amounts to 7.40. Its return on asset (ROA) is -96.74% on average.