The stock of Innovative Eyewear Inc (LUCY) has gone down by -24.73% for the week, with a 69.35% rise in the past month and a 7.51% rise in the past quarter. The volatility ratio for the week is 13.54%, and the volatility levels for the past 30 days are 52.49% for LUCY. The simple moving average for the past 20 days is -46.69% for LUCY’s stock, with a -24.82% simple moving average for the past 200 days.
Is It Worth Investing in Innovative Eyewear Inc (NASDAQ: LUCY) Right Now?
Company’s 36-month beta value is 2.63.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for LUCY is 15.12M, and currently, short sellers hold a 37.68% ratio of that floaft. The average trading volume of LUCY on June 25, 2024 was 30.59M shares.
LUCY) stock’s latest price update
The stock price of Innovative Eyewear Inc (NASDAQ: LUCY) has plunged by -7.11 when compared to previous closing price of 0.34, but the company has seen a -24.73% decline in its stock price over the last five trading sessions. prnewswire.com reported 2024-06-14 that MIAMI, June 14, 2024 /PRNewswire/ — Innovative Eyewear Inc. (“Innovative Eyewear” or the “Company”) (NASDAQ: LUCY; LUCYW), the developer of smart eyewear under the Lucyd®, Nautica®, Eddie Bauer ® and Reebok® brands, is pleased to provide a sales and marketing update. Strategic Partnerships and Market Expansions Industry Presence.
LUCY Trading at -14.81% from the 50-Day Moving Average
After a stumble in the market that brought LUCY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -76.84% of loss for the given period.
Volatility was left at 52.49%, however, over the last 30 days, the volatility rate increased by 13.54%, as shares sank -67.71% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +15.80% upper at present.
During the last 5 trading sessions, LUCY fell by -24.16%, which changed the moving average for the period of 200-days by -49.92% in comparison to the 20-day moving average, which settled at $0.5576. In addition, Innovative Eyewear Inc saw -25.34% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for LUCY
Current profitability levels for the company are sitting at:
- -3.41 for the present operating margin
- -0.09 for the gross margin
The net margin for Innovative Eyewear Inc stands at -5.18. The total capital return value is set at -1.21. Equity return is now at value -170.47, with -145.15 for asset returns.
Based on Innovative Eyewear Inc (LUCY), the company’s capital structure generated -0.01 points at debt to capital in total, while cash flow to debt ratio is standing at 136.63. The debt to equity ratio resting at -0.01. The interest coverage ratio of the stock is 1.56.
Currently, EBITDA for the company is -6.77 million with net debt to EBITDA at 0.45. When we switch over and look at the enterprise to sales, we see a ratio of 3.38. The receivables turnover for the company is 26.36for trailing twelve months and the total asset turnover is 0.29. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.65.
Conclusion
In a nutshell, Innovative Eyewear Inc (LUCY) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
