The stock of Innovative Eyewear Inc (LUCY) has gone down by -25.22% for the week, with a 49.11% rise in the past month and a -25.64% drop in the past quarter. The volatility ratio for the week is 14.41%, and the volatility levels for the past 30 days are 17.39% for LUCY. The simple moving average for the past 20 days is 5.60% for LUCY’s stock, with a 6.41% simple moving average for the past 200 days.
Is It Worth Investing in Innovative Eyewear Inc (NASDAQ: LUCY) Right Now?
The stock has a 36-month beta value of 2.80. Opinions on the stock are mixed, with 1 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 0.26M, and at present, short sellers hold a 35.79% of that float. On October 02, 2024, the average trading volume of LUCY was 1.68M shares.
LUCY) stock’s latest price update
Innovative Eyewear Inc (NASDAQ: LUCY)’s stock price has dropped by -10.18 in relation to previous closing price of 8.35. Nevertheless, the company has seen a loss of -25.22% in its stock price over the last five trading days. InvestorPlace reported 2024-05-29 that Innovative Eyewear (NASDAQ: LUCY ) stock is rocketing higher on Wednesday after the smartglasses company announced a partnership to launch a new line of Eddie Bauer devices. Innovative Eyewear is launching this new line as the Eddie Bauer Smart Eyewear collection.
LUCY Trading at 40.75% 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 -72.43% of loss for the given period.
Volatility was left at 17.39%, however, over the last 30 days, the volatility rate increased by 14.41%, as shares surge +67.04% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +52.44% upper at present.
During the last 5 trading sessions, LUCY fell by -25.22%, which changed the moving average for the period of 200-days by -18.12% in comparison to the 20-day moving average, which settled at $7.25. In addition, Innovative Eyewear Inc saw -11.12% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at LUCY starting from Galkin Vladimir, who purchase 200,792 shares at the price of $9.08 back on Sep 23 ’24. After this action, Galkin Vladimir now owns 1,000,000 shares of Innovative Eyewear Inc, valued at $1,822,973 using the latest closing price.
Galkin Vladimir, the 10% Owner of Innovative Eyewear Inc, purchase 70,000 shares at $10.31 during a trade that took place back on Sep 20 ’24, which means that Galkin Vladimir is holding 813,245 shares at $721,472 based on the most recent closing price.
Stock Fundamentals for LUCY
Current profitability levels for the company are sitting at:
- -3.67 for the present operating margin
- -0.02 for the gross margin
The net margin for Innovative Eyewear Inc stands at -5.14. The total capital return value is set at -0.76. Equity return is now at value -96.53, with -91.45 for asset returns.
Based on Innovative Eyewear Inc (LUCY), the company’s capital structure generated 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at -5806586.0. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is 1.85.
Currently, EBITDA for the company is -6.77 million with net debt to EBITDA at 0.89. When we switch over and look at the enterprise to sales, we see a ratio of 3.85. The receivables turnover for the company is 24.83for trailing twelve months and the total asset turnover is 0.19. The liquidity ratio also appears to be rather interesting for investors as it stands at 14.73.
Conclusion
To sum up, Innovative Eyewear Inc (LUCY) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
