Innovative Eyewear Stock Analysis
| LUCY Stock | USD 6.51 0.37 5.38% |
Innovative Eyewear is overvalued with Real Value of 4.24 and Target Price of 1.75. The main objective of Innovative Eyewear stock analysis is to determine its intrinsic value, which is an estimate of what Innovative Eyewear is worth, separate from its market price. There are two main types of Innovative Eyewear's stock analysis: fundamental analysis and technical analysis.
The Innovative Eyewear stock is traded in the USA on NASDAQ Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in the USA. Innovative Eyewear is usually not traded on Juneteenth Holiday, Independence Day, Labour Day, Thanksgiving Day, Christmas Day, New Year 's Day, Dr . Martin Luther King Jr 's Birthday, Washington 's Birthday, Good Friday, Memorial Day. Innovative Stock trading window is adjusted to America/New York timezone.
Innovative |
Innovative Stock Analysis Notes
About 52.0% of the company outstanding shares are owned by corporate insiders. The company has price-to-book ratio of 1.45. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Innovative Eyewear recorded a loss per share of 10.1. The entity had not issued any dividends in recent years. The firm had 1:20 split on the 18th of July 2024. 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. It employs 9 people. To find out more about Innovative Eyewear contact Harrison Gross at 954 826 0329 or learn more at https://www.lucyd.co.Innovative Eyewear Quarterly Total Revenue |
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Innovative Eyewear Investment Alerts
| Innovative Eyewear is way too risky over 90 days horizon | |
| Innovative Eyewear appears to be risky and price may revert if volatility continues | |
| 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. | |
| The entity reported the previous year's revenue of 1.15 M. Net Loss for the year was (6.66 M) with profit before overhead, payroll, taxes, and interest of 148.25 K. | |
| Innovative Eyewear currently holds about 34.88 K in cash with (5.77 M) of positive cash flow from operations. | |
| Innovative Eyewear has a poor financial position based on the latest SEC disclosures | |
| Roughly 52.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from MacroaxisInsider: Acquisition by David Cohen of 70000 shares of Innovative Eyewear at 0.45 subject to Rule 16b-3 |
Innovative Eyewear Upcoming and Recent Events
Earnings reports are used by Innovative Eyewear to provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period..
| 13th of February 2024 Upcoming Quarterly Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View |
Innovative Largest EPS Surprises
Earnings surprises can significantly impact Innovative Eyewear's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2024-05-14 | 2024-03-31 | -0.17 | -0.15 | 0.02 | 11 | ||
2023-11-14 | 2023-09-30 | -0.14 | -0.12 | 0.02 | 14 | ||
2024-03-25 | 2023-12-31 | -0.14 | -0.19 | -0.05 | 35 |
Innovative Eyewear Environmental, Social, and Governance (ESG) Scores
Innovative Eyewear's ESG score is a quantitative measure that evaluates Innovative Eyewear's performance and commitment regarding environmental, social, and governance (ESG) factors. These scores are becoming increasingly crucial in investment decision-making processes, providing insights into non-financial aspects of Innovative Eyewear's operations that may have significant financial implications and affect Innovative Eyewear's stock price as well as guide investors towards more socially responsible investments.
Innovative Market Capitalization
The company currently falls under 'Micro-Cap' category with a current market capitalization of 15.9 M.Innovative Profitablity
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (1.14) | (1.20) | |
| Return On Capital Employed | (1.23) | (1.30) | |
| Return On Assets | (1.07) | (1.13) | |
| Return On Equity | (1.20) | (1.26) |
Management Efficiency
Innovative Eyewear has return on total asset (ROA) of (0.5258) % which means that it has lost $0.5258 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.8651) %, meaning that it created substantial loss on money invested by shareholders. Innovative Eyewear's management efficiency ratios could be used to measure how well Innovative Eyewear manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to drop to -1.2 in 2024. Return On Capital Employed is likely to drop to -1.3 in 2024. At this time, Innovative Eyewear's Total Assets are fairly stable compared to the past year. Net Tangible Assets is likely to rise to about 57.7 K in 2024, whereas Non Currrent Assets Other are likely to drop slightly above 67.4 K in 2024.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 10.57 | 11.10 | |
| Tangible Book Value Per Share | 9.82 | 10.31 | |
| Enterprise Value Over EBITDA | (0.02) | (0.02) | |
| Price Book Value Ratio | 0.80 | 0.76 | |
| Enterprise Value Multiple | (0.02) | (0.02) | |
| Price Fair Value | 0.80 | 0.76 | |
| Enterprise Value | 6.2 M | 5.9 M |
Innovative Eyewear showcases strong leadership that adapts to market changes and drives innovation. Our analysis explores how this adaptability affects the stock's investment appeal.
Operating Margin (6.95) | Beta 2.794 | Return On Assets (0.53) | Return On Equity (0.87) |
Technical Drivers
As of the 28th of November, Innovative Eyewear retains the Downside Deviation of 6.61, market risk adjusted performance of 0.6578, and Risk Adjusted Performance of 0.1095. Concerning fundamental indicators, the technical analysis model lets you check existing technical drivers of Innovative Eyewear, as well as the relationship between them.Innovative Eyewear Price Movement Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. Innovative Eyewear middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for Innovative Eyewear. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.
Innovative Eyewear Insider Trading Activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Innovative Eyewear insiders, such as employees or executives, is commonly permitted as long as it does not rely on Innovative Eyewear's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Innovative Eyewear insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Innovative Eyewear Predictive Daily Indicators
Innovative Eyewear intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Innovative Eyewear stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Innovative Eyewear Corporate Filings
13A | 13th of November 2024 An amended filing to the original Schedule 13G | ViewVerify |
10Q | 12th of November 2024 Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations | ViewVerify |
F3 | 25th of October 2024 The report used by insiders such as officers, directors, and major shareholders (beneficial owners holding more than 10% of any class of the company's equity securities) to declare their ownership of a company's stock | ViewVerify |
8K | 17th of October 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
| 15th of October 2024 Other Reports | ViewVerify | |
F3 | 4th of October 2024 An amendment to the original Schedule 13D filing | ViewVerify |
S1 | 2nd of October 2024 Report filed by companies planning on going public to register their securities with the U.S. Securities and Exchange Commission (SEC) | ViewVerify |
| 27th of September 2024 Other Reports | ViewVerify |
Innovative Eyewear Forecast Models
Innovative Eyewear's time-series forecasting models are one of many Innovative Eyewear's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Innovative Eyewear's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.About Innovative Stock Analysis
Stock analysis is the technique used by a trader or investor to examine and evaluate how Innovative Eyewear prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Innovative shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Innovative Eyewear. By using and applying Innovative Stock analysis, traders can create a robust methodology for identifying Innovative entry and exit points for their positions.
| Last Reported | Projected for Next Year | ||
| Pretax Profit Margin | (5.78) | (6.07) | |
| Operating Profit Margin | (5.99) | (6.29) | |
| Net Loss | (5.78) | (6.07) | |
| Gross Profit Margin | (0.10) | (0.11) |
Current Innovative Analysis - Recommendations
We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Innovative analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Innovative analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
| Target Price | Advice | # of Analysts | |
| 1.75 | Buy | 1 | Odds |
Most Innovative analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Innovative stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Innovative Eyewear, talking to its executives and customers, or listening to Innovative conference calls.
Innovative Stock Analysis Indicators
Innovative Eyewear stock analysis indicators help investors evaluate how Innovative Eyewear stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading Innovative Eyewear shares will generate the highest return on investment. By understating and applying Innovative Eyewear stock analysis, traders can identify Innovative Eyewear position entry and exit signals to maximize returns.
| Begin Period Cash Flow | 3.6 M | |
| Total Stockholder Equity | 5.6 M | |
| Property Plant And Equipment Net | 132.8 K | |
| Cash And Short Term Investments | 4.3 M | |
| Net Invested Capital | 5.6 M | |
| Shares Float | 734.7 K | |
| Cash | 4.3 M | |
| 200 Day M A | 6.7886 | |
| 50 Day M A | 7.6136 | |
| Net Interest Income | -3036.00 | |
| Total Current Liabilities | 624.5 K | |
| Investments | -198.8 K | |
| Interest Expense | 3036.00 | |
| Stock Based Compensation | 936.8 K | |
| Common Stock Shares Outstanding | 525.8 K | |
| Free Cash Flow | -6 M | |
| Operating Income | -6.9 M | |
| Other Current Assets | 379.4 K | |
| Accounts Payable | 582 K | |
| Net Debt | -4.3 M | |
| Depreciation | 85.3 K | |
| Other Operating Expenses | 8 M | |
| Non Current Assets Total | 602 K | |
| Liabilities And Stockholders Equity | 6.2 M | |
| Non Currrent Assets Other | 72.6 K |
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.