Innovative Eyewear (NASDAQ:LUCY) Trading Down 8.8%

Innovative Eyewear, Inc. (NASDAQ:LUCYGet Free Report)’s share price was down 8.8% during trading on Wednesday . The company traded as low as $0.45 and last traded at $0.46. Approximately 3,042,581 shares traded hands during mid-day trading, a decline of 83% from the average daily volume of 18,422,863 shares. The stock had previously closed at $0.50.

Analyst Ratings Changes

Separately, Maxim Group decreased their target price on Innovative Eyewear from $1.75 to $1.00 and set a “buy” rating for the company in a report on Tuesday, March 26th.

View Our Latest Stock Report on Innovative Eyewear

Innovative Eyewear Stock Performance

The firm’s 50 day simple moving average is $0.41 and its 200-day simple moving average is $0.38.

Innovative Eyewear (NASDAQ:LUCYGet Free Report) last posted its earnings results on Tuesday, May 14th. The company reported ($0.15) earnings per share for the quarter. Innovative Eyewear had a negative net margin of 517.55% and a negative return on equity of 110.60%. The business had revenue of $0.38 million for the quarter.

About Innovative Eyewear

(Get Free Report)

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.

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