Innovative Eyewear (NASDAQ:LUCY – Get Free Report) issued its earnings results on Monday. The company reported ($0.27) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.08, Zacks reports. Innovative Eyewear had a negative return on equity of 88.90% and a negative net margin of 225.26%. The firm had revenue of $1.01 million for the quarter, compared to the consensus estimate of $2.00 million.
Innovative Eyewear Stock Up 0.8%
Shares of LUCY stock traded up $0.01 during mid-day trading on Tuesday, reaching $0.84. The company’s stock had a trading volume of 25,932 shares, compared to its average volume of 3,234,828. The company’s 50 day simple moving average is $0.88 and its 200-day simple moving average is $0.96. Innovative Eyewear has a 12-month low of $0.65 and a 12-month high of $2.02. The firm has a market capitalization of $7.33 million, a PE ratio of -0.66 and a beta of 2.75.
Wall Street Analysts Forecast Growth
LUCY has been the subject of several recent research reports. Wall Street Zen raised Innovative Eyewear to a “hold” rating in a report on Saturday, September 26th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Innovative Eyewear in a report on Thursday, October 15th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Reduce”.
Read Our Latest Analysis on Innovative Eyewear
About Innovative Eyewear
Innovative Eyewear, Inc is a technology and eyewear company that develops and sells smart glasses designed to combine traditional eyewear with wireless audio and hands-free digital functionality. Its products generally incorporate speakers, microphones and Bluetooth connectivity, allowing users to listen to music, make calls and interact with voice assistants while keeping their hands free.
The company markets products under the Lucyd brand, including prescription-capable eyewear, sunglasses and blue-light-filtering styles.
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