Head-To-Head Comparison: Innovative Eyewear (LUCY) versus Its Peers

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 analyst recommendations, earnings, institutional ownership, profitability, risk, valuation and dividends.

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	-225.26%	-88.90%	-80.34%
Innovative Eyewear Competitors	-276.78%	-149.08%	-21.73%

Analyst Recommendations

This is a breakdown of current recommendations and price targets for Innovative Eyewear and its peers, as provided 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	4281	10559	18338	829	2.46

As a group, “Healthcare Equipment & Supplies” companies have a potential upside of 19.20%. 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.

Institutional & Insider Ownership

1.0% of Innovative Eyewear shares are owned by institutional investors. Comparatively, 40.6% of shares of all “Healthcare Equipment & Supplies” companies are owned by institutional investors. 1.8% of Innovative Eyewear shares are owned by insiders. Comparatively, 15.0% of shares of all “Healthcare Equipment & Supplies” companies are owned by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth.

Risk and Volatility

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.

Earnings & Valuation

This table compares Innovative Eyewear and its peers top-line revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Innovative Eyewear	$2.66 million	-$7.59 million	-0.65
Innovative Eyewear Competitors	$1.87 billion	$138.21 million	12.54

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.

Summary

Innovative Eyewear peers beat Innovative Eyewear on 9 of the 12 factors compared.

About Innovative Eyewear

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. In addition, the company launches an application, Lucyd app for iOS/Android users. It sells its products through various e-commerce, and retail store and distribution channels. Innovative Eyewear, Inc. has a license agreement with Lucyd Ltd. The company was incorporated in 2019 and is headquartered in North Miami, Florida. Innovative Eyewear, Inc. is a subsidiary of Lucyd Ltd.