Should You Sell Innovative Eyewear Inc (LUCY) And Go Away This Year?

Innovative Eyewear Inc (NASDAQ:LUCY) currently has a daily average trading volume of 1.09M but it saw 38409976 shares traded in last market. With a market cap of 8.98M USD, the company’s current market price of $2.90 came rising about 46.46 while comparing to the previous closing price of $1.98. In past 52 weeks, the stock remained buoying in the range of price level as high as $27.20 and as low as $1.57.

Taking a look at 20-day trading activity of Innovative Eyewear Inc (LUCY) gives us an average price of $1.9300, while its current price level is -89.34% below from 52-week high level whereas it is 84.69% 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 $2.6300 while that of 200 days or SMA-200 reads an average of $5.1100. A closer look into the stock’s movement over the week reveals that its volatility is standing at 14.08% during that period while stretching the period over a month that decreases to 13.37%. 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 62.70 which implies that the stock is in neutral territory.

Over the week, LUCY’s stock price is moving 61.11% up while it is 36.79% when we observe its performance for the past one month. Year-to-date it is -41.06% down and over the past year, the stock is showing a downside performance of -27.57%.

Currently, Innovative Eyewear Inc’s total number of outstanding shares is 2.45M with 52.87% of that held by the insiders while 0.65% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -101.07% and return on equity (ROE) at -132.93%. It has a 4.20 of forward P/E ratio. Stock’s beta reads 3.36. Stock has a price to book (P/B) ratio of 0.95 while price to sale or P/S ratio amounts to 5.25. Its return on asset (ROA) is -118.77% on average.