Innovative Eyewear develops and sells eyeglasses and sunglasses, while also providing prescription eyewear and sun protection. Co. licensed the exclusive rights to the Lucyd® brand, from Lucyd Ltd., which includes the exclusive use of all of Lucyd Ltd.'s intellectual property, including its main product, Lucyd Lyte® glasses. Co. has launched its commercial product, Lucyd Lyte. These styles are each available with different lens types, resulting in variations of products available. All of Co.'s products are designed in Miami, manufactured in China and sold through multiple ecommerce channels, including on its website (Lucyd.co), BestBuy.com and Amazon.com, or through optical retailers. We show 6 historical shares outstanding datapoints in our LUCY shares outstanding history coverage, used to compute LUCY market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing LUCY market cap history over the course of time is important for investors
interested in comparing LUCY's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of LUCY versus a peer is one thing; comparing
LUCY market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like LUCY can fluctuate over the course of history.
With this page we aim to empower investors researching LUCY by allowing them to research the LUCY market cap history. |
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Video: The Importance of Market Cap
