Innovative Eyewear Stock Today

LUCY Stock  USD 10.03  0.98  10.83%   

Performance

8 of 100

 
Weak
 
Strong
OK

Odds Of Distress

Less than 8

 
High
 
Low
Low
Innovative Eyewear is trading at 10.03 as of the 25th of September 2024; that is 10.83% up since the beginning of the trading day. The stock's open price was 9.05. Innovative Eyewear has only a 8 % chance of going through financial distress over the next few years but had a somewhat ok performance during the last 90 days. Equity ratings for Innovative Eyewear are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of June 2024 and ending today, the 25th of September 2024. Click here to learn more.
Business Domain
Health Care Equipment & Services
IPO Date
15th of August 2022
Category
Healthcare
Classification
Health Care
Innovative Eyewear, Inc. develops and sells smart eyeglasses and sunglasses. Innovative Eyewear, Inc. operates as a subsidiary of Lucyd Ltd. Innovative Eyewear operates under Medical Instruments Supplies classification in the United States and is traded on NASDAQ Exchange. The company has 1.57 M outstanding shares of which 822.53 K shares are now shorted by private and institutional investors with about 0.22 trading days to cover. More on Innovative Eyewear

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Innovative Stock Highlights

ESG Sustainability
Environmental
Governance
Social
CEO CoFounderHarrison Gross
Business ConcentrationHealth Care Equipment & Supplies, Health Care Equipment & Services, Health Care, Jakarta Stock Exchange, NASDAQ Composite, Health Care, Health Care Equipment & Supplies, Medical Instruments & Supplies, Healthcare (View all Sectors)
Average Analyst Recommendation
Financial Strength
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.180.1853
Fairly Down
Very volatile
Total Current Liabilities680 K624.5 K
Significantly Up
Slightly volatile
Innovative Eyewear can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Innovative Eyewear's financial leverage. It provides some insight into what part of Innovative Eyewear's total assets is financed by creditors.
Liquidity
Innovative Eyewear currently holds 659.94 K in liabilities. Innovative Eyewear has a current ratio of 0.33, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about Innovative Eyewear's use of debt, we should always consider it together with its cash and equity.

Capital Expenditures

147,340
Innovative Eyewear (LUCY) is traded on NASDAQ Exchange in USA. It is located in 11900 Biscayne Boulevard, North Miami, FL, United States, 33181 and employs 11 people. Innovative Eyewear is listed under Health Care Equipment & Supplies category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with a current market capitalization of 14.21 M. Innovative Eyewear conducts business under Health Care Equipment & Supplies sector and is part of Health Care industry. The entity has 1.57 M outstanding shares of which 822.53 K shares are now shorted by private and institutional investors with about 0.22 trading days to cover. Innovative Eyewear currently holds about 34.88 K in cash with (5.77 M) of positive cash flow from operations.
Check Innovative Eyewear Probability Of Bankruptcy
Ownership Allocation
The market capitalization of Innovative Eyewear is $14.21 Million. Innovative Eyewear retains 19.85 (percent) of its outstanding shares held by insiders and 1.26 (percent) owned by outside corporations. Note, that even with negative profits, if the true value of the firm is larger than the current market value, you may still be able to generate positive returns on investment in this company.
Check Innovative Ownership Details

Innovative Eyewear Historical Income Statement

At this time, Innovative Eyewear's Selling General Administrative is fairly stable compared to the past year. Total Revenue is likely to rise to about 1.2 M in 2024, whereas Net Interest Income is likely to drop (3.2 K) in 2024. View More Fundamentals

Innovative Stock Against Markets

Innovative Eyewear Corporate Executives

Elected by the shareholders, the Innovative Eyewear's board of directors comprises two types of representatives: Innovative Eyewear inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Innovative. The board's role is to monitor Innovative Eyewear's management team and ensure that shareholders' interests are well served. Innovative Eyewear's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Innovative Eyewear's outside directors are responsible for providing unbiased perspectives on the board's policies.

Additional Tools for Innovative Stock Analysis

When running Innovative Eyewear's price analysis, check to measure Innovative Eyewear's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Innovative Eyewear is operating at the current time. Most of Innovative Eyewear's value examination focuses on studying past and present price action to predict the probability of Innovative Eyewear's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Innovative Eyewear's price. Additionally, you may evaluate how the addition of Innovative Eyewear to your portfolios can decrease your overall portfolio volatility.