The company's fundamentals are relatively very healthy. Its valuation is considered fairly valued,and institutional recognition is very high. Over the past 30 days, multiple analysts have rated the company as a Buy. Despite a good stock market performance and outperforming fundamentals, the technicals don't support the current trend. The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Score
Industry at a Glance
Industry Ranking
114 / 207
Overall Ranking
259 / 4720
Industry
Healthcare Equipment & Supplies
Support & Resistance
No Data
Score Analysis
Current score
Previous score
Analyst Rating
Based on
1
analysts
Buy
Current Rating
5.000
Target Price
+160.42%
Upside Space
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
Company Highlights
StrengthsRisks
Innovative Eyewear, Inc. is a developer of ChatGPT enabled smart eyewear, under the Lucyd, Nautica, Eddie Bauer and Reebok brands. The Company develops and sells smart eyeglasses and sunglasses, which are designed to allow its customers to remain connected to their digital lives, while also offering prescription eyewear and sun protection. Its first commercial product, Lucyd Lyte, enables the wearer to remain connected to their digital lives. Its product offering consists of 29 different models, which offers a similar amount of style variety as many traditional eyewear collections. All styles are each available with 80+ different lens types, resulting in thousands of variations of products available. The Company has over 100 licensed patents and applications. The Company’s smartglasses enable the wearer to listen to music, take and make calls, and use voice assistants to perform many common smartphone tasks hands-free.
High Growth
The company's revenue has grown steadily over the past 3 years, averaging 148.03% year-on-year.
Growing
The company is in a growing phase, with the latest annual income totaling USD 1.64M.
High Profit Growth
The company's net income leads the industry, with the latest annual income totaling USD 36.69.
Overvalued
The company’s latest PE is 0.02, at a high 3-year percentile range.
Institutional Selling
The latest institutional holdings are 1.33M shares, decreasing 1.72% quarter-over-quarter.
Innovative Eyewear, Inc. is a developer of ChatGPT enabled smart eyewear, under the Lucyd, Nautica, Eddie Bauer and Reebok brands. The Company develops and sells smart eyeglasses and sunglasses, which are designed to allow its customers to remain connected to their digital lives, while also offering prescription eyewear and sun protection. Its first commercial product, Lucyd Lyte, enables the wearer to remain connected to their digital lives. Its product offering consists of 29 different models, which offers a similar amount of style variety as many traditional eyewear collections. All styles are each available with 80+ different lens types, resulting in thousands of variations of products available. The Company has over 100 licensed patents and applications. The Company’s smartglasses enable the wearer to listen to music, take and make calls, and use voice assistants to perform many common smartphone tasks hands-free.