Analyzing Innovative Eyewear (LUCY) and The Competition

Innovative Eyewear (NASDAQ:LUCY) is one of 511 public companies in the “Healthcare Equipment & Supplies” industry, but how does it compare to its peers? We will compare Innovative Eyewear to similar businesses based on the strength of its earnings, valuation, institutional ownership, analyst recommendations, dividends, profitability and risk.

Valuation and Earnings

This table compares Innovative Eyewear and its peers gross revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Innovative Eyewear	$3.41 million	-$7.59 million	-0.69
Innovative Eyewear Competitors	$1.89 billion	$135.83 million	5.86

Innovative Eyewear’s peers have higher revenue and earnings than Innovative Eyewear. Innovative Eyewear is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.

Profitability

This table compares Innovative Eyewear and its peers’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Innovative Eyewear	-216.76%	-102.66%	-92.20%
Innovative Eyewear Competitors	-304.20%	-315.07%	-22.11%

Insider and Institutional Ownership

1.0% of Innovative Eyewear shares are held by institutional investors. Comparatively, 40.5% of shares of all “Healthcare Equipment & Supplies” companies are held by institutional investors. 1.8% of Innovative Eyewear shares are held by insiders. Comparatively, 14.9% of shares of all “Healthcare Equipment & Supplies” companies are held by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.

Analyst Ratings

This is a breakdown of recent recommendations for Innovative Eyewear and its peers, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Innovative Eyewear	1	1	0	0	1.50
Innovative Eyewear Competitors	4291	10579	18360	831	2.46

As a group, “Healthcare Equipment & Supplies” companies have a potential upside of 20.39%. Given Innovative Eyewear’s peers stronger consensus rating and higher probable upside, analysts clearly believe Innovative Eyewear has less favorable growth aspects than its peers.

Volatility & Risk

Innovative Eyewear has a beta of 2.75, meaning that its share price is 175% more volatile than the S&P 500. Comparatively, Innovative Eyewear’s peers have a beta of 2.57, meaning that their average share price is 157% more volatile than the S&P 500.

Summary

Innovative Eyewear peers beat Innovative Eyewear on 10 of the 13 factors compared.

About Innovative Eyewear

Innovative Eyewear, Inc. is a technology and eyewear company that develops and sells smart glasses designed to combine traditional eyewear with wireless audio and hands-free digital functionality. Its products generally incorporate speakers, microphones and Bluetooth connectivity, allowing users to listen to music, make calls and interact with voice assistants while keeping their hands free. The company markets products under the Lucyd brand, including prescription-capable eyewear, sunglasses and blue-light-filtering styles.