Education
About Us
Working with TipRanks
Follow Us
Innovative Eyewear, Inc. (LUCY)
NASDAQ:LUCY
RESEARCH TOOLSreports
LUCY Stock Chart & Stats
Day’s Range― - ―
52-Week Range$1.57 - $27.20
Previous CloseN/A
Volume41.13K
Average Volume (3M)615.84K
Market Cap
$4.34M
Enterprise Value$4.54M
Total Cash (Recent Filing)$2.63M
Total Debt (Recent Filing)$0.00
Price to Earnings (P/E)―
Beta1.75
Next EarningsN/A
EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-6.77
Shares Outstanding2,452,632
10 Day Avg. Volume1,812,478
30 Day Avg. Volume615,842
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)5.27
Price to Cash Flow (P/CF)-1.50
P/FCF Ratio0.00
Enterprise Value/Market Cap1.05
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit0.02
Enterprise Value/Ebitda-0.59
Forecast
1Y Price Target
$9.00Price Target Upside381.28% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
---
Innovative Eyewear, Inc. News
PremiumCompany Announcements
Innovative Eyewear Names Oswald Gayle Co-CFO---
Bulls Say, Bears Say
Bulls Say
Product ExpansionThe company continues to expand its portfolio of products, with new launches expected in 2025, and noted it expects at least one major chain or buying group will onboard LUCY products in 2025.
Revenue GrowthFull year 2024 revenue of $1.6M, increased 42.0% y/y and gross margin of 13.1% compared to negative gross margin in 2023 and 2022, reflecting efforts to improve costs.
Strategic PartnershipsLUCY shifted focus to distribution in large optical retail in 2024; the partnership with Windsor Eyes (private), announced in April 2024, kicked off in late-Q2/early-Q3 2024, with 4Q24 revenue growing 172% sequentially.
Bears Say
Decline In WholesaleWholesale declined 27% y/y as the company prioritizes larger customer opportunities, which have not yet materialized.
Delays In Product LaunchThe company's Reebok collection launches appear to be delayed, now expecting 2Q25 and 4Q25 (previously 1Q25 and a second in mid-2025).
Lack Of Major Retail CustomerLUCY 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.
---
Ownership Overview
40.79% Insiders
0.61% Mutual Funds
2.20% Other Institutional Investors
56.29% 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 $1.57 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 $4.34M.
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 2,452,632 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 -3.492%.
Which hedge fund is a major shareholder of Innovative Eyewear, Inc.?
Currently, no hedge funds are holding shares in LUCY
---
Company Description
Innovative Eyewear, Inc.
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. The company sells its products through various e-commerce and retail distribution channels. Innovative Eyewear, Inc. has a partnership with Lucyd. The company was founded in 2019 and is headquartered in North Miami, Florida. Innovative Eyewear, Inc. operates as a subsidiary of Lucyd Ltd.
---
LUCY Stock 12 Month Forecast
Average Price Target
$9.00
▲(381.28% Upside)
Technical Analysis
PharmaCyte Biotech
―
Eyenovia
―
Alzamend Neuro
―
Acurx Pharmaceuticals
―
Bluejay Diagnostics
―
Best Analysts Covering LUCY
1 Year
1 Year Success Rate
0/7 ratings generated profit
1 Year Average Return
-59.36%
reiterated a buy rating last month
Copying Matthew Galinko's trades and holding each position for 1 Year would result in 0.00% of your transactions generating a profit, with an average return of -59.36% per trade.
---