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 $0.24, up 1.24% from the previous day, and has decreased 90.32% in one year. It has underperformed other stocks in the Medical Instruments & Supplies industry by 0.79 percentage points. Innovative Eyewear stock is currently +6.09% from its 52-week low of $0.23, and -92.2% from its 52-week high of $3.13.
There are currently 12.93M shares of LUCY outstanding. The market capitalization of LUCY is $3.16M. In the past 24 hours, 53,721 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.
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 Zen 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 0.57x, relative to Medical Instruments & Supplies industry P/B ratio of 3.53x
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 0.12.
- 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 2.83 percentage points in the past year, but the company is still unprofitable.
- LUCY has cash burn of 5842816. It does not have sufficient cash and short-term investments to cover this.
- LUCY has $4.29M in cash and short term investments. This is not enough to cover its annual cash burn of $5.84M.
Is it a good time to buy Innovative Eyewear stock, according to Wall Street analysts?
Out of 1 sell side analysts who give forecasts on LUCY, the consensus analyst rating on LUCY is a Strong Buy
Please note that analyst ratings are not recommendations, nor are they financial advice.
You can dive deeper into what analysts are projecting on the Innovative Eyewear stock forecast page.
LUCY Technicals
Is LUCY Growing Revenue?
Last year, LUCY revenue was $1.15M. In the last 3 year, LUCY's revenue has increased by 267.87% per year. This was faster than the Medical Instruments & Supplies industry average of 9.46%.
You can analyze LUCY's earnings and revenue performance here.
What are LUCY insiders up to?
In the last 12 months, insiders at LUCY have not bought or sold any shares.
Learn more about who owns LUCY stock here.
Can I get consistent income from LUCY stock?
No, Innovative Eyewear doesn't provide an income stream by paying out dividends.
What do other traders have to say about LUCY?
One of the biggest reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other traders have to say.
Step 5: Execute your LUCY trade
There are two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are generally sufficient. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a specific dollar amount, place a limit order.
Press the Open Trade button and eToro will place the order.
If you need additional assistance investing in stocks on eToro, click the how to video below:
Step 6: Keep an eye on your LUCY investment
Now that you own some LUCY shares, you'll want to stay up-to-date on your stock purchase.
Start a watchlist to see the latest developments about your LUCY stock.
LUCY Feed
How to Buy Stock in Innovative Eyewear
To summarize, here are the 6 steps you need to take to buy Innovative Eyewear stock right now:
- 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 brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you would like to keep track of your investment in Innovative Eyewear, create a watchlist today.
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