Innovative Eyewear (LUCY) to Release Quarterly Earnings on Tuesday

Innovative Eyewear (NASDAQ:LUCY) is expected to be posting its results before the market opens on Tuesday, March 31st. Analysts expect Innovative Eyewear to post earnings of ($0.43) per share and revenue of $1.20 million for the quarter.

Innovative Eyewear Stock Performance

Shares of LUCY opened at $1.10 on Tuesday. The company has a 50 day moving average price of $1.18 and a 200-day moving average price of $1.49. Innovative Eyewear has a fifty-two week low of $0.95 and a fifty-two week high of $5.56. The stock has a market capitalization of $5.89 million, a PE ratio of -0.51 and a beta of 3.23.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Virtu Financial LLC acquired a new position in shares of Innovative Eyewear during the fourth quarter worth $33,000. Citadel Advisors LLC acquired a new stake in shares of Innovative Eyewear in the 3rd quarter worth $45,000. Finally, Cetera Investment Advisers purchased a new position in Innovative Eyewear during the 2nd quarter worth $331,000. Institutional investors own 0.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Innovative Eyewear in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Innovative Eyewear currently has a consensus rating of “Sell”.

About Innovative Eyewear

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 to perform various smartphone tasks hands-free. It also offers Vyrb, a social media application that enables the user to receive and send posts through Lucyd Lyte smart glasses with voice. In addition, the company launches an application, Lucyd app for iOS/Android users. It sells its products through various e-commerce, and retail store and distribution channels.