How to Buy Innovative Eyewear Stock
Innovative Eyewear Inc
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.
Innovative Eyewear stock last closed at $1.89, down 5.03% from the previous day, and has decreased 60.77% in one year. It has underperformed other stocks in the Medical Instruments & Supplies industry by 0.19 percentage points. Innovative Eyewear stock is currently +20.38% from its 52-week low of $1.57, and -93.05% from its 52-week high of $27.20.
There are currently 2.45M shares of LUCY outstanding. The market capitalization of LUCY is $4.64M. In the past 24 hours, 1.84M LUCY shares were traded.
How to Buy Innovative Eyewear Stock
Not sure how to invest in Innovative Eyewear stock? Here's how.
- Decide where to buy Innovative Eyewear stock: You need to choose an online brokerage, but don't worry - we've tested dozens of online stock brokerages and apps to help you figure out where to buy Innovative Eyewear stock.
- Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Deposit money your brokerage account: Select your payment method and add your information.
- Evaluate Innovative Eyewear stock: The Innovative Eyewear ticker symbol is LUCY. Is Innovative Eyewear stock a good investment? Should you buy shares of LUCY? How do LUCY's underlying business fundamentals look? Do top analysts think Innovative Eyewear is a good buy? Why has LUCY's stock price moved recently? (Hint: Our stock research website can help you evaluate if LUCY is a good stock to buy).
- Execute your LUCY trade: Decide if you will purchase LUCY shares at the current market price or use a limit order to buy LUCY shares at a particular price.
- Keep an eye on your LUCY investment: Create a watchlist to get live updates on your new investment in Innovative Eyewear shares.
Step 1: Decide where to buy Innovative Eyewear stock
You need a brokerage account to access the NASDAQ market and buy LUCY shares.
Our favorite brokerage: eToro
Based on our analysis, eToro is the best stock brokerage. eToro gives you:
- Invest in stocks with 0% commissions: Invest without commissions.
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- Social investing: eToro offers a community with more than 20 million users around the world. Talk to, learn from, and copy the crypto trades of top investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other assets: Such as ETFs and cryptos.
Get $10 towards your stock purchase by creating an account with eToro today. This offer is only for US users.
Open eToro AccountStep 2: Open a brokerage account
Now that you've picked your brokerage, you'll need to fill out some personal info so you can buy LUCY today.
How to Open a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal info to open a new brokerage account.
- Submit your details by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit money your brokerage account
Now that you have opened your account on the best free stock trading app, you need to deposit funds:
Watch this video walkthrough to see the process of depositing funds into your brokerage account.
Step 4: Evaluate Innovative Eyewear stock
Once you have identified the best place to buy Innovative Eyewear stock, it's important to evaluate their stock prior to investing, so you can wrap your head around the risk as well as the upside.
Innovative Eyewear shares at a glance
LUCY Due Diligence Score
WallStreetZen was built to help everyday investors perform more in-depth fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on LUCY's stock page.
How is LUCY stock valued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge LUCY's fair value.
Using relative valuations measures:
- LUCY could be undervalued based on its P/B ratio of 0.51x, relative to Medical Instruments & Supplies industry P/B ratio of 3.73x
You can do more valuation research on LUCY's stock here.
LUCY Financial Summary
Positive Health Checks:
- There are more short-term assets than short-term liabilities on the LUCY balance sheet.
- LUCY has a low debt to equity ratio of 0.08.
- LUCY has cash burn of 6801833. It has sufficient cash and short-term investments to cover this for at least one year.
- There are more short-term assets than long-term liabilities on the LUCY balance sheet.
Negative Health Checks:
- LUCY profit margin has gone up by 1.04 percentage points in the past year, but the company is still unprofitable.
- LUCY has $7.52M in cash and short term investments. This is not enough to cover its annual cash burn of $6.80M.
LUCY Technical Indicators
LUCY Performance Numbers
Last year, LUCY revenue was $1.64M. In the last four year, LUCY's revenue has grown by 131.48% per year. This was faster than the Medical Instruments & Supplies industry average of 9.11%.
Learn more about LUCY's earnings and revenue performance here.
Are LUCY insiders buying or selling the stock?
In the past year, executives and large shareholders at LUCY have bought more shares than they have sold.
Vladimir Galkin, 10% Owner of LUCY, was the latest LUCY insider to buy. They bought $286,480.53 worth of LUCY shares on Sep 23, 2024.
Dig into more about who owns LUCY shares here.
Can I rely on LUCY as an income stream?
No, Innovative Eyewear doesn't provide an income stream by paying out dividends.
What others are saying about LUCY
One of the major reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Execute your LUCY trade
You have two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are usually the easiest way to buy. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at a given dollar amount, use a limit order.
Press the Open Trade button and your broker will place your order.
If you want more info about buying stocks on eToro, click the how to video below:
Step 6: Keep an eye on your LUCY investment
Now that you own some shares in LUCY, you'll want to keep up with your new investment.
Add LUCY to a watchlist to get notified of important updates regarding your LUCY stock.
LUCY Feed
How to Buy Stock in Innovative Eyewear
To reiterate, here are the 6 steps to buy Innovative Eyewear stock:
- Decide where to buy Innovative Eyewear stock
- Open a brokerage account
- Deposit money your brokerage account
- Evaluate Innovative Eyewear stock
- Execute your LUCY trade
- Keep an eye on your LUCY investment
If you require a online brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you want to get the latest scoop on your new investment in Innovative Eyewear, click below.
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