Innovative Eyewear, Inc.

Innovative Eyewear, Inc.verified

LUCY

Price:

$6.29

Market Cap:

$9.88M

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. The company sells its products through various e-commerce and retail distribution channels. Innovative Eyewear, Inc. has a partnership with Lucyd. The company was founded in 2019 and is headquartered in North Miami, Florida. Innovative Eyewear, Inc. operates as a subsidiary of Lucyd Ltd.[Read more]

Industry

Medical - Instruments & Supplies

IPO Date

2022-08-15

Stock Exchange

NASDAQ

Ticker

LUCY

The Current Ratio as of September 2024 (TTM) for Innovative Eyewear, Inc. (LUCY) is 14.73

According to Innovative Eyewear, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 14.73. This represents a change of 28.73% compared to the average of 11.44 of the last 4 quarters.

Innovative Eyewear, Inc. (LUCY) Historical Current Ratio (quarterly & annually)

How has LUCY Current Ratio performed in the past?

The mean historical Current Ratio of Innovative Eyewear, Inc. over the last ten years is 3.46. The current 14.73 Current Ratio has changed 42.50% with respect to the historical average. Over the past ten years (40 quarters), LUCY's Current Ratio was at its highest in in the June 2023 quarter at 26.53. The Current Ratio was at its lowest in in the March 2020 quarter at 0.

Quarterly (TTM)
Annual

Average

3.46

Median

1.04

Minimum

0

Maximum

8.99

Innovative Eyewear, Inc. (LUCY) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Innovative Eyewear, Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = Infinity%

Maximum Annual Current Ratio = 8.99

Minimum Annual Increase = 0%

Minimum Annual Current Ratio = 0

Quarterly (TTM)
Annual
YearCurrent RatioChange
20238.9927.26%
20227.07576.59%
20211.04464.18%
20200.19Infinity%

Innovative Eyewear, Inc. (LUCY) Average Current Ratio

How has LUCY Current Ratio performed in the past?

The current Current Ratio of Innovative Eyewear, Inc. (LUCY) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

5.70

5-year avg

3.46

10-year avg

3.46

Innovative Eyewear, Inc. (LUCY) Current Ratio vs. Peers

How is LUCY’s Current Ratio compared to its peers?

Innovative Eyewear, Inc.’s Current Ratio is greater than G Medical Innovations Holdings Ltd (0.22), greater than Sharps Technology, Inc. (1.38), greater than Jin Medical International Ltd. (2.58), greater than NEXGEL, Inc. (1.36), greater than GlucoTrack, Inc. (0.12), greater than Avinger, Inc. (1.66), greater than Microbot Medical Inc. (5.32), greater than Meihua International Medical Technologies Co., Ltd. (5.27), greater than Predictive Oncology Inc. (1.49), greater than Pro-Dex, Inc. (2.82), greater than Bionano Genomics, Inc. (1.63), greater than Intuitive Surgical, Inc. (5.15), greater than Stereotaxis, Inc. (2.28),

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