Innovative Eyewear Inc (NASDAQ: LUCY) On Tuesday, plunged -10.74% from the previous trading day, before settling in for the closing price of $5.03. Within the past 52 weeks, LUCY’s price has moved between $3.26 and $27.20.
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A company in the Healthcare sector has jumped its sales by 393.99% annually for the last half of the decade. The company achieved an average annual earnings per share of 40.94%. With a float of $1.22 million, this company’s outstanding shares have now reached $1.57 million.
In an organization with 11 employees, it is important to assess its efficiency. In terms of profitability, gross margin is -2.46%, operating margin of -367.43%, and the pretax margin is -514.09%.
Innovative Eyewear Inc (LUCY) Insider Updates
Observing investor behavior towards Medical Instruments & Supplies industry stocks is more important than anything else. The insider ownership of Innovative Eyewear Inc is 22.36%, while institutional ownership is 1.26%. The most recent insider transaction that took place on Aug 19 ’24, was worth 1,840. In this transaction Chief Executive Officer of this company bought 500 shares at a rate of $3.68, taking the stock ownership to the 500 shares.
Innovative Eyewear Inc (LUCY) Performance Highlights and Predictions
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported -2.4 earnings per share (EPS) for the period topping the consensus outlook (set at -2.8) by 0.4. Wall Street market experts anticipate that the next fiscal year will bring earnings of -1.6 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 40.94% per share during the next fiscal year.
Innovative Eyewear Inc (NASDAQ: LUCY) Trading Performance Indicators
Innovative Eyewear Inc (LUCY) is currently performing well based on its current performance indicators. A quick ratio of 12.71 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.61.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -11.02 and is forecasted to reach -2.78 in one year’s time.
Technical Analysis of Innovative Eyewear Inc (LUCY)
Let’s dig in a bit further. During the last 5-days, its volume was 17.92 million. That was better than the volume of 1.27 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 42.51%. Additionally, its Average True Range was 0.81.
During the past 100 days, Innovative Eyewear Inc’s (LUCY) raw stochastic average was set at 5.14%, which indicates a significant decrease from 32.89% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 193.56% in the past 14 days, which was lower than the 359.31% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.60, while its 200-day Moving Average is $7.19. However, in the short run, Innovative Eyewear Inc’s stock first resistance to watch stands at $4.72. Second resistance stands at $4.95. The third major resistance level sits at $5.31. If the price goes on to break the first support level at $4.13, it is likely to go to the next support level at $3.77. Assuming the price breaks the second support level, the third support level stands at $3.54.
Innovative Eyewear Inc (NASDAQ: LUCY) Key Stats
Market capitalization of the company is 7.05 million based on 23,476K outstanding shares. Right now, sales total 1,150 K and income totals -6,660 K. The company made 310 K in profit during its latest quarter, and -1,950 K in sales during its previous quarter.
