Innovative Eyewear (NASDAQ:LUCY – Get Free Report) and Verano (OTCMKTS:VRNOF – Get Free Report) are both small-cap healthcare companies, but which is the superior business? We will compare the two companies based on the strength of their dividends, risk, analyst recommendations, earnings, valuation, profitability and institutional ownership.
Profitability
This table compares Innovative Eyewear and Verano’s 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% |
| Verano | -41.68% | -9.54% | -4.51% |
Valuation & Earnings
This table compares Innovative Eyewear and Verano”s top-line revenue, earnings per share (EPS) and valuation.
| Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
| Innovative Eyewear | $2.66 million | 2.70 | -$7.59 million | ($1.29) | -0.65 |
| Verano | $878.59 million | 0.52 | -$341.86 million | ($0.98) | -1.29 |
Innovative Eyewear has higher earnings, but lower revenue than Verano. Verano is trading at a lower price-to-earnings ratio than Innovative Eyewear, indicating that it is currently the more affordable of the two stocks.
Insider & Institutional Ownership
1.0% of Innovative Eyewear shares are owned by institutional investors. Comparatively, 9.0% of Verano shares are owned by institutional investors. 1.7% of Innovative Eyewear shares are owned by insiders. Comparatively, 9.1% of Verano shares are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock is poised for long-term growth.
Analyst Ratings
This is a breakdown of current ratings and price targets for Innovative Eyewear and Verano, as provided by MarketBeat.com.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| Innovative Eyewear | 1 | 1 | 0 | 0 | 1.50 |
| Verano | 1 | 0 | 0 | 1 | 2.50 |
Volatility and Risk
Innovative Eyewear has a beta of 2.76, suggesting that its share price is 176% more volatile than the S&P 500. Comparatively, Verano has a beta of 0.87, suggesting that its share price is 13% less volatile than the S&P 500.
Summary
Verano beats Innovative Eyewear on 9 of the 13 factors compared between the two stocks.
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.
About Verano
Verano Holdings Corp. operates as a vertically integrated multi-state cannabis operator in the United States. The company engages in the cultivation, processing, wholesale, and retail distribution of cannabis in Arizona, Arkansas, Connecticut, Florida, Illinois, Maryland, Massachusetts, Michigan, Nevada, New Jersey, Ohio, Pennsylvania, and West Virginia. It offers cannabis products under the Encore, Avexia, MUV, Savvy, BITS, and Verano brands for medical and adult-use markets. The company is headquartered in Chicago, Illinois.
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