Innovative Eyewear (NASDAQ:LUCY) Trading Up 3.6% – Time to Buy?

Shares of Innovative Eyewear, Inc. (NASDAQ:LUCY) were up 3.6% on Wednesday . The company traded as high as $5.35 and last traded at $5.21. Approximately 32,204 shares were traded during trading, a decline of 12% from the average daily volume of 36,578 shares. The stock had previously closed at $5.03.

Innovative Eyewear Stock Up 2.3 %

The company has a 50-day moving average price of $5.81 and a two-hundred day moving average price of $6.06. The stock has a market capitalization of $11.83 million, a P/E ratio of -0.50 and a beta of 2.68.

Innovative Eyewear (NASDAQ:LUCY) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($0.99) earnings per share for the quarter, beating the consensus estimate of ($1.60) by $0.61. The firm had revenue of $0.25 million for the quarter. Innovative Eyewear had a negative return on equity of 115.86% and a negative net margin of 514.01%.

Innovative Eyewear Company Profile

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.