Investors Purchase Large Volume of Call Options on Kopin (NASDAQ:KOPN)

Key Points

• Investors showed significant interest in Kopin Corporation (NASDAQ:KOPN), with a 327% increase in call options volume, totaling 19,139 options acquired on Monday.
• The company recently reported a net loss of ($0.03) per share for its latest quarter, falling short of analysts’ expectations, with revenue of $8.46 million.
• Kopin’s stock has a market capitalization of $573.91 million and is currently rated as a "Moderate Buy" with an average target price of $3.00 from analysts.

Kopin Corporation (NASDAQ:KOPN - Get Free Report) was the target of some unusual options trading activity on Monday. Stock traders acquired 19,139 call options on the company. This is an increase of approximately 327% compared to the typical volume of 4,482 call options.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Prudential Financial Inc. bought a new position in Kopin in the 2nd quarter worth about $25,000. Legal & General Group Plc bought a new stake in shares of Kopin during the 2nd quarter valued at about $25,000. O Connor Financial Group LLC bought a new stake in shares of Kopin during the 2nd quarter valued at about $32,000. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Kopin during the 2nd quarter valued at about $49,000. Finally, Virtu Financial LLC bought a new stake in shares of Kopin during the 1st quarter valued at about $36,000. Institutional investors own 30.96% of the company's stock.

Kopin Price Performance

Shares of Kopin stock traded up $0.71 during trading hours on Monday, hitting $3.53. 9,309,913 shares of the company's stock traded hands, compared to its average volume of 3,894,728. Kopin has a 12-month low of $0.65 and a 12-month high of $3.50. The stock has a market capitalization of $573.91 million, a price-to-earnings ratio of -39.06 and a beta of 2.98. The company has a fifty day simple moving average of $2.15 and a 200-day simple moving average of $1.66.

Kopin (NASDAQ:KOPN - Get Free Report) last announced its quarterly earnings data on Tuesday, August 12th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.02). Kopin had a negative return on equity of 66.91% and a negative net margin of 29.47%.The firm had revenue of $8.46 million during the quarter, compared to analysts' expectations of $10.57 million. On average, analysts forecast that Kopin will post -0.14 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on KOPN shares. Canaccord Genuity Group increased their target price on shares of Kopin from $2.50 to $3.00 and gave the company a "buy" rating in a research report on Tuesday, September 16th. Lake Street Capital increased their price target on Kopin from $2.50 to $3.00 and gave the stock a "buy" rating in a report on Tuesday, September 16th. Weiss Ratings restated a "sell (e+)" rating on shares of Kopin in a report on Saturday, September 27th. Finally, Wall Street Zen cut Kopin from a "hold" rating to a "sell" rating in a report on Saturday, August 16th. Three analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $3.00.

Kopin Company Profile

Kopin Corporation, together with its subsidiaries, invents, develops, manufactures, and sells microdisplays, subassemblies, and related components for defense, enterprise, industrial, and consumer products in the United States, the Asia-Pacific, Europe, and internationally. It offers miniature active-matrix liquid crystal displays, liquid crystal on silicon displays/spatial light modulators, organic light emitting diode displays, microLED display technologies, application specific integrated circuits, backlights, and optical lenses; and head-mounted and hand-held VR products.

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