Innovative Eyewear, Inc. (LUCY)

Market Cap	16.70M
Revenue (ttm)	1.56M
Net Income (ttm)	-8.03M
Shares Out	2.44M
EPS (ttm)	-8.28
PE Ratio	n/a
Forward PE	n/a
Dividend	n/a
Ex-Dividend Date	n/a

Volume	27,294
Open	6.94
Previous Close	6.98
Day's Range	6.63 - 7.09
52-Week Range	3.26 - 27.20
Beta	2.79
Analysts	Strong Buy
Price Target	20.00 (+192.4%)
Earnings Date	Nov 12, 2024

About LUCY

Innovative Eyewear, Inc. develops and sells smart eyeglasses and sunglasses. The company’s flagship product is Lucyd Lyte glasses that enable the wearer to listen to music, take and make calls, and use voice assistants and ChatGPT to perform various smartphone tasks hands-free. It also offers smart eyewear under the Lyte XL brand; and Nautica Powered by Lucyd smart eyewear collection and various branded accessories, including a power brick, cleaning cloth, and a slipcase adorned. In addition, the company provides Vyrb, a social media applicatio...

• Industry: Medical Instruments & Supplies
• Sector: Healthcare
• IPO Date: Aug 15, 2022
• Employees: 11
• Stock Exchange: NASDAQ
• Ticker Symbol: LUCY
• Website: https://www.lucyd.co

Financial Performance

In 2023, Innovative Eyewear's revenue was $1.15 million, an increase of 74.67% compared to the previous year's $659,788. Losses were -$6.66 million, 17.3% more than in 2022.

Analyst Forecast

According to one analyst, the rating for LUCY stock is "Strong Buy" and the 12-month stock price forecast is $20.0.

Price Target

$20.0

(192.40% upside)

Analyst Consensus: Strong Buy