The 36-month beta value for LUCY is also noteworthy at 2.83. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for LUCY is 1.02M, and at present, short sellers hold a 2.70% of that float. The average trading volume of LUCY on July 30, 2024 was 1.95M shares.
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LUCY) stock’s latest price update
Innovative Eyewear Inc (NASDAQ: LUCY)’s stock price has plunge by 0.66relation to previous closing price of 4.58. Nevertheless, the company has seen a -6.68% plunge in its stock price over the last five trading sessions. newsfilecorp.com reported 2024-07-18 that Miami, Florida–(Newsfile Corp. – July 18, 2024) – Innovative Eyewear Inc. (NASDAQ: LUCY) (NASDAQ: LUCYW) (“Innovative Eyewear” or “the Company”), the developer of smart eyewear under the Lucyd®, Nautica®, Eddie Bauer® and Reebok® brands, today announced the debut of a new Walkie-Talkie feature on all Lucyd Eyewear. The new update to the Lucyd app for iOS and Android, released this week, enables Lucyd users worldwide to speak to each other through walkie-talkie style communication channels on their glasses.
LUCY’s Market Performance
LUCY’s stock has fallen by -6.68% in the past week, with a monthly drop of -53.43% and a quarterly drop of -4.32%. The volatility ratio for the week is 11.96% while the volatility levels for the last 30 days are 17.05% for Innovative Eyewear Inc The simple moving average for the last 20 days is -36.49% for LUCY stock, with a simple moving average of -40.85% for the last 200 days.
LUCY Trading at -46.90% 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 -83.05% of loss for the given period.
Volatility was left at 17.05%, however, over the last 30 days, the volatility rate increased by 11.96%, as shares sank -52.76% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +24.25% upper at present.
During the last 5 trading sessions, LUCY rose by +0.61%, which changed the moving average for the period of 200-days by -44.90% in comparison to the 20-day moving average, which settled at $6.98. In addition, Innovative Eyewear Inc saw -45.37% 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 2.61. 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 summary, Innovative Eyewear Inc (LUCY) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. 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.
