Innovative Eyewear Inc.

Company Profile

Innovative Eyewear Inc. had its IPO on 2022-08-15 under the ticker symbol LUCY.

The company operates in the Healthcare sector and Medical Instruments & Supplies industry. Innovative Eyewear Inc. has a staff strength of 9 employees.

Stock update

Shares of Innovative Eyewear Inc. opened at $0.72 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $0.68 - $0.72, and closed at $0.68.

This is a -3.94% slip from the previous day's closing price.

A total volume of 28,257 shares were traded at the close of the day’s session.

In the last one week, shares of Innovative Eyewear Inc. have increased by +6.73%.

Innovative Eyewear Inc.'s Key Ratios

Innovative Eyewear Inc. has a market cap of $8.25 million, indicating a price to book ratio of 0 and a price to sales ratio of 0.

In the last 12-months Innovative Eyewear Inc.’s revenue was $533875 with a gross profit of $148254 and an EBITDA of $-5938066. The EBITDA ratio measures Innovative Eyewear Inc.'s overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Innovative Eyewear Inc.’s operating margin was -1124.86% while its return on assets stood at -71.9% with a return of equity of -157.92%.

In Q2, Innovative Eyewear Inc.’s quarterly earnings growth was a positive 0% while revenue growth was a negative 17%.

Innovative Eyewear Inc.’s PE and PEG Ratio

Forward PE

0

Trailing PE

0

PEG

Its diluted EPS in the last 12-months stands at $-0.83 per share while it has a forward price to earnings multiple of 0 and a PEG multiple of . A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Innovative Eyewear Inc.’s profitability.

Innovative Eyewear Inc. stock is trading at a EV to sales ratio of 0 and a EV to EBITDA ratio of 0. Its price to sales ratio in the trailing 12-months stood at 0.

Innovative Eyewear Inc. stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.

Balance sheet and cash flow metrics

Total Assets

$9.34 million

Total Liabilities

$330594.00

Operating Cash Flow

$0

Capital Expenditure

$29097

Dividend Payout Ratio

0%

Innovative Eyewear Inc. ended 2024 with $9.34 million in total assets and $0 in total liabilities. Its intangible assets were valued at $9.34 million while shareholder equity stood at $8.95 million.

Innovative Eyewear Inc. ended 2024 with $0 in deferred long-term liabilities, $330594.00 in other current liabilities, 129.00 in common stock, $-13024599.00 in retained earnings and $0 in goodwill. Its cash balance stood at $5.36 million and cash and short-term investments were $7.31 million. The company’s total short-term debt was $0 while long-term debt stood at $0.

Innovative Eyewear Inc.’s total current assets stands at $8.77 million while long-term investments were $0 and short-term investments were $1.95 million. Its net receivables were $130655.00 compared to accounts payable of $148982.00 and inventory worth $659867.00.

In 2024, Innovative Eyewear Inc.'s operating cash flow was $0 while its capital expenditure stood at $29097.

Comparatively, Innovative Eyewear Inc. paid $0 in dividends in 2024.

Other key metrics

Current Trading Price

$0.68

52-Week High

$5.5

52-Week Low

$0.58

Analyst Target Price

$

Innovative Eyewear Inc. stock is currently trading at $0.68 per share. It touched a 52-week high of $5.5 and a 52-week low of $5.5. Analysts tracking the stock have a 12-month average target price of $.

Its 50-day moving average was $0.75 and 200-day moving average was $1.53 The short ratio stood at 0.45 indicating a short percent outstanding of 0%.

Around 4017.2% of the company’s stock are held by insiders while 69.2% are held by institutions.