How Have Insiders Been Trading Innovative Eyewear Inc. (LUCY) Stock?

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Innovative Eyewear Inc. (NASDAQ:LUCY) saw an upside of 45.00% to $1.20 after adding $0.37 on Wednesday. The 5-day average trading volume is 4,592,823 shares of the company’s common stock. It has gained $1.7700 in the past week and touched a new high 5 times within the past 5 days. An average of 1,171,681 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 520,284.

LUCY’s 1-month performance is -28.23% or $0.1150 on its low of $0.7000 reached on 12/27/22. The company’s shares have touched a 52-week low of $0.70 and high of $7.00. However, the current price is down -82.86% from the 52-week high price.


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Valuation Metrics

Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 6.65 while the price-to-book (PB) in the most recent quarter is 1.00.

Innovative Eyewear Inc.’s quick ratio for the recent period was 6.70, with the current ratio over the same period at 7.20. In terms of profitability, the gross margin trailing 12 months is 29.90%. The firm’s gross profit as reported stood at $0.15 million against revenue of $0.69 million.

Earnings Surprise

Net income and sales went down compared to those figures reported in the previous quarter. EBITDA for the quarter stood at more than -$1.36 million. LUCY stock balance sheet for the recent quarter shows that total liabilities totaled 0.85 million, with total debt at $0.17 million. Shareholders hold equity totaling $7.31 million.

Let’s look briefly at Innovative Eyewear Inc. (LUCY) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 27 December was 70.18% to suggest the stock is trending Overbought, with historical volatility in this time period at 217.09%.

The stock’s 5-day moving average is $0.8757, reflecting a +57.53% or $0.4437 change from its current price. LUCY is currently trading +11.47% above its 20-day SMA. However, the stock’s current price level is away from the SMA50 by -35.71%.

Stochastic %K and %D was 29.73% and 16.80% and the average true range (ATR) pointed at 0.2231. The RSI (14) points at 59.16%, while the 14-day stochastic is at 48.13% with the period’s ATR at 0.1974. The stock’s 9-day MACD Oscillator is pointing at 0.0724 and 0.0462 on the 14-day charts.

Analyst Ratings

Analysts offering their rating for LUCY stock have a consensus rating for the stock as -. Currently, 0 brokerage advisors rate LUCY as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 0 have offered a “buy” rating.

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