Innovative Eyewear Inc [NASDAQ: LUCY] stock went on an upward path that rose over 1.46% on Wednesday, amounting to a one-week price increase of more than 10.05%.
Over the last 12 months, LUCY stock dropped by -57.72%. The one-year Innovative Eyewear Inc stock forecast points to a potential upside of 58.4. The average equity rating for LUCY stock is currently 1.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $9.52 million, with 4.57 million shares outstanding and 1.67 million shares in the current float. Compared to the average trading volume of 240.87K shares, LUCY stock reached a trading volume of 8899694 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Innovative Eyewear Inc [LUCY]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for LUCY shares is $5.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on LUCY stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
The Price to Book ratio for the last quarter was 0.84, with the Price to Cash per share for the same quarter was set at 1.95.
LUCY Stock Performance Analysis:
Innovative Eyewear Inc [LUCY] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 10.05. With this latest performance, LUCY shares gained by 5.05% in over the last four-week period, additionally sinking by -31.58% over the last 6 months – not to mention a drop of -57.72% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for LUCY stock in for the last two-week period is set at 57.57, with the RSI for the last a single of trading hit 0.14, and the three-weeks RSI is set at 0.13 for Innovative Eyewear Inc [LUCY]. The present Moving Average for the last 50 days of trading for this stock 2.00, while it was recorded at 2.03 for the last single week of trading, and 3.27 for the last 200 days.
Insight into Innovative Eyewear Inc Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Innovative Eyewear Inc [LUCY] shares currently have an operating margin of -404.93% and a Gross Margin at 18.25%. Innovative Eyewear Inc’s Net Margin is presently recorded at -390.88%.
Innovative Eyewear Inc (LUCY) Capital Structure & Debt Analysis
According to recent financial data for Innovative Eyewear Inc. ( LUCY), the Return on Equity (ROE) stands at -83.04%, highlighting a negative impact on investor capital. The Return on Assets (ROA) is -78.12%, reflecting the company’s efficiency in generating profits from its assets. Additionally, Innovative Eyewear Inc’s Return on Invested Capital (ROIC) is -68.24%, showcasing its effectiveness in deploying capital for earnings.
Innovative Eyewear Inc (LUCY) Efficiency & Liquidity Metrics
Based on Innovative Eyewear Inc’s (LUCY) latest financial statements, the Debt-to-Equity Ratio is 0.01%, indicating its reliance on debt financing relative to shareholder equity.
Innovative Eyewear Inc (LUCY) Efficiency & Liquidity Metrics
From an operational efficiency perspective, Innovative Eyewear Inc. (LUCY) effectively leverages its workforce, generating an average of -$702727.27 per employee. The company’s liquidity position is robust, with a Current Ratio of 18.70% and a Quick Ratio of 15.46%, indicating strong ability to cover short-term liabilities.
LUCY Stock EPS
With the latest financial reports released by the company, Innovative Eyewear Inc posted -0.99/share EPS, while the average EPS was predicted by analysts to be reported at -1.36/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.37. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for LUCY.
Innovative Eyewear Inc [LUCY] Institutonal Ownership Details
There are presently around $4.12%, or 6.25%% of LUCY stock, in the hands of institutional investors.
