Innovative Eyewear (NASDAQ:LUCY) Price Target Cut to $1.00 by Analysts at Maxim Group

Innovative Eyewear (NASDAQ:LUCY) had its price target decreased by Maxim Group from $1.75 to $1.00 in a research report report published on Tuesday morning, Benzinga reports. Maxim Group currently has a buy rating on the stock.

Innovative Eyewear Trading Down 4.3 %

Shares of LUCY opened at $0.27 on Tuesday. Innovative Eyewear has a one year low of $0.27 and a one year high of $5.50. The company has a 50-day moving average of $0.38 and a two-hundred day moving average of $0.44.

Institutional Trading of Innovative Eyewear

An institutional investor recently bought a new position in Innovative Eyewear stock. Renaissance Technologies LLC bought a new stake in Innovative Eyewear, Inc. (NASDAQ:LUCY) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 35,900 shares of the company’s stock, valued at approximately $58,000. Renaissance Technologies LLC owned about 0.47% of Innovative Eyewear as of its most recent SEC filing. Institutional investors and hedge funds own 0.96% of the company’s stock.

Innovative Eyewear Company Profile

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.