Innovative Eyewear Stock Price on October 31, 2024
| LUCY Stock | USD 6.86 0.30 4.57% |
If you're considering investing in Innovative Stock, it is important to understand the factors that can impact its price. As of today, the current price of Innovative Eyewear stands at 6.86, as last reported on the 26th of November, with the highest price reaching 7.33 and the lowest price hitting 6.68 during the day. Innovative Eyewear is dangerous given 3 months investment horizon. Innovative Eyewear holds Efficiency (Sharpe) Ratio of 0.15, which attests that the entity had a 0.15% return per unit of risk over the last 3 months. We were able to break down twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.71% are justified by taking the suggested risk. Use Innovative Eyewear Market Risk Adjusted Performance of 0.6908, risk adjusted performance of 0.1058, and Downside Deviation of 6.37 to evaluate company specific risk that cannot be diversified away.
At this time, Innovative Eyewear's Total Stockholder Equity is fairly stable compared to the past year. Other Stockholder Equity is likely to rise to about 23.7 M in 2024, whereas Common Stock Shares Outstanding is likely to drop slightly above 344.4 K in 2024. . Price Earnings To Growth Ratio is likely to rise to 0.03 in 2024, whereas Price To Sales Ratio is likely to drop 3.66 in 2024. Innovative Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Innovative |
Sharpe Ratio = 0.1509
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Estimated Market Risk
| 11.35 actual daily | 96 96% of assets are less volatile |
Expected Return
| 1.71 actual daily | 34 66% of assets have higher returns |
Risk-Adjusted Return
| 0.15 actual daily | 11 89% of assets perform better |
Based on monthly moving average Innovative Eyewear is performing at about 11% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Innovative Eyewear by adding it to a well-diversified portfolio.
Price Book 1.4657 | Enterprise Value Ebitda (0.04) | Price Sales 10.2601 | Shares Float 734.7 K | Wall Street Target Price 14 |
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Innovative Eyewear Valuation on October 31, 2024
It is possible to determine the worth of Innovative Eyewear on a given historical date. On October 31, 2024 Innovative was worth 8.19 at the beginning of the trading date compared to the closed value of 8.2. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Innovative Eyewear stock. Still, in general, we apply an absolute valuation method to find Innovative Eyewear's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Innovative Eyewear where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Innovative Eyewear's related companies.
| Open | High | Low | Close | Volume | |
| 7.22 | 8.35 | 7.10 | 7.82 | 484,810 | |
10/31/2024 | 8.19 | 8.37 | 7.84 | 8.20 | 222,698 |
| 8.20 | 8.25 | 7.32 | 7.32 | 85,587 |
| Backtest Innovative Eyewear | | | Innovative Eyewear History | | | Innovative Eyewear Valuation | Previous | Next |
Innovative Eyewear Trading Date Momentum on October 31, 2024
| On November 01 2024 Innovative Eyewear was traded for 7.32 at the closing time. The top price for the day was 8.25 and the lowest listed price was 7.32 . The trading volume for the day was 85.6 K. The trading history from November 1, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 10.73% . The trading delta at closing time against the current closing price is 10.98% . |
Innovative Eyewear Fundamentals Correlations and Trends
By evaluating Innovative Eyewear's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Innovative Eyewear's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Innovative financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Innovative Eyewear Stock history
Innovative Eyewear investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Innovative is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Innovative Eyewear will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Innovative Eyewear stock prices may prove useful in developing a viable investing in Innovative Eyewear
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 525.8 K | 344.4 K | |
| Net Loss | -2.9 M | -2.8 M |
Innovative Eyewear Stock Technical Analysis
Innovative Eyewear technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Innovative Eyewear Period Price Range
Low | November 26, 2024
| High |
0.00 | 0.00 |
Innovative Eyewear cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Innovative Eyewear November 26, 2024 Market Strength
Market strength indicators help investors to evaluate how Innovative Eyewear stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Innovative Eyewear shares will generate the highest return on investment. By undertsting and applying Innovative Eyewear stock market strength indicators, traders can identify Innovative Eyewear entry and exit signals to maximize returns
Innovative Eyewear Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Innovative Eyewear's price direction in advance. Along with the technical and fundamental analysis of Innovative Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Innovative to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1058 | |||
| Jensen Alpha | 1.14 | |||
| Total Risk Alpha | (0.36) | |||
| Sortino Ratio | 0.1996 | |||
| Treynor Ratio | 0.6808 |
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Additional Tools for Innovative Stock Analysis
When running Innovative Eyewear's price analysis, check to measure Innovative Eyewear's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Innovative Eyewear is operating at the current time. Most of Innovative Eyewear's value examination focuses on studying past and present price action to predict the probability of Innovative Eyewear's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Innovative Eyewear's price. Additionally, you may evaluate how the addition of Innovative Eyewear to your portfolios can decrease your overall portfolio volatility.