In the last trading session, 11.45 million shares of the Innovative Eyewear Inc (NASDAQ:LUCY) were traded, and its beta was 2.83. Most recently the company’s share price was $7.71, and it changed around $1.73 or 28.93% from the last close, which brings the market valuation of the company to $12.10M. LUCY currently trades at a discount to its 52-week high of $27.20, offering almost -252.79% off that amount. The share price’s 52-week low was $3.26, which indicates that the current value has risen by an impressive 57.72% since then. We note from Innovative Eyewear Inc’s average daily trading volume that its 10-day average is 1.19 million shares, with the 3-month average coming to 1.58 million.
Innovative Eyewear Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended LUCY as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Innovative Eyewear Inc is expected to report earnings per share of -1.6 for the current quarter.
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Innovative Eyewear Inc (NASDAQ:LUCY) trade information
Instantly LUCY has showed a green trend with a performance of 28.93% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 10.40 on recent trading dayincreased the stock’s daily price by 25.87%. The company’s shares are currently down -8.63% year-to-date, but still up 10.30% over the last five days. On the other hand, Innovative Eyewear Inc (NASDAQ:LUCY) is -7.66% down in the 30-day period. We can see from the shorts that 51476.0 shares have been sold at a short interest cover period of 0.15 day(s).
Innovative Eyewear Inc (LUCY) estimates and forecasts
Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 33.30% in revenue this quarter, and will report an increase of 57.90% in the next quarter. The year-over-year growth rate is expected to be 238.50%, up from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 900k in revenue for the current quarter. 1 analysts expect Innovative Eyewear Inc to make 1.2M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 221k and 616k respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 307.20%. Forecasts for the next quarter put sales growth at 94.80%.
LUCY Dividends
Innovative Eyewear Inc’s next quarterly earnings report is expected to be released in November.
Innovative Eyewear Inc (NASDAQ:LUCY)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 83.53% of Innovative Eyewear Inc shares, and 1.26% of them are in the hands of institutional investors. The stock currently has a share float of 7.67%.
