Innovative Designs, Inc. (IVDN) Stock

About Innovative Designs, Inc.

Innovative Designs, Inc. (IVDN) specializes in the creation and distribution of high-performance apparel and construction materials engineered for frigid conditions, serving clientele throughout the United States and Canada. The company's operations are divided into two main divisions: Apparel and House Wrap. Its Apparel segment encompasses the Arctic Armor collection, which includes jackets, bibs, and gloves, specifically designed for a broad spectrum of users, from recreational enthusiasts such as ice fishermen and snowmobilers, to industrial personnel like utility, oil/gas pipeline, railroad, construction, and ski resort workers, as well as essential service providers including police and first responders. This division further offers treatments to restore the waterproof qualities of its Arctic Armor line, alongside a selection of cold-weather headgear and base layer insulation garments. The House Wrap division provides critical products for the building construction sector, such as barrier protection, moisture vapor transmission membranes, insulation, and various tapes. Additionally, Innovative Designs supplies its proprietary INSULTEX material in bulk to customers who are not direct competitors. The company's offerings reach consumers through an extensive network of independent sales agents, agencies, retailers, and distributors, supplemented by direct sales conducted via its online platform. Founded in 2002, the firm is headquartered in Pittsburgh, Pennsylvania.

Innovative Designs, Inc. is headquartered in US.

Innovative Designs, Inc. (IVDN) stock trades at $0.24 with a market capitalization of $9.39M. The stock is valued at a price-to-earnings (P/E) ratio of 11.09, price-to-book of 4.04, price-to-sales of 3.28. Over the past 52 weeks the stock has ranged between $0.13 and $0.42, and currently trades 42.9% below its 52-week high.

On profitability, Innovative Designs, Inc. generates a return on equity (ROE) of 28.31% — well above the market average, a sign of a high-quality business, return on capital employed of 22.48%, an operating margin of 18.36%, a net profit margin of 18.21%.

Official website: www.idigear.com