Kopin (NASDAQ:KOPN) Hits New 1-Year High - What's Next?

Key Points

• New 52-week high: Kopin shares traded as high as $4.88 (last $4.47) on heavy volume (~15.3M) and are trading well above their 50‑day ($2.56) and 200‑day ($2.68) moving averages.
• Analyst sentiment is cautiously bullish: Multiple upgrades (including Zacks and JonesTrading) leave a MarketBeat consensus of "Moderate Buy" with an average price target of $5.15.
• Insiders have been selling: CEO and COO executed pre‑arranged 10b5‑1 sales (total insider sales of 464,780 shares valued at ~$1.47M over 90 days), with insiders now owning about 2.8% of the stock.

Shares of Kopin Corporation (NASDAQ:KOPN - Get Free Report) hit a new 52-week high on Tuesday . The stock traded as high as $4.88 and last traded at $4.47, with a volume of 15298317 shares traded. The stock had previously closed at $4.30.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Zacks Research upgraded Kopin from a "hold" rating to a "strong-buy" rating in a report on Monday, April 27th. JonesTrading assumed coverage on Kopin in a report on Monday, April 27th. They issued a "buy" rating and a $6.00 target price for the company. Wall Street Zen upgraded Kopin from a "strong sell" rating to a "sell" rating in a report on Saturday. Weiss Ratings reiterated a "sell (e+)" rating on shares of Kopin in a report on Thursday, January 22nd. Finally, Lake Street Capital reiterated a "buy" rating and issued a $5.00 target price on shares of Kopin in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $5.15.

Kopin Stock Performance

The stock has a market capitalization of $819.63 million, a PE ratio of 447.45 and a beta of 3.40. The business has a 50 day moving average of $2.56 and a two-hundred day moving average of $2.68.

Kopin (NASDAQ:KOPN - Get Free Report) last issued its quarterly earnings data on Monday, April 13th. The company reported $0.04 earnings per share for the quarter, topping analysts' consensus estimates of ($0.02) by $0.06. The firm had revenue of $8.37 million during the quarter, compared to analysts' expectations of $12.98 million. Kopin had a return on equity of 8.53% and a net margin of 6.63%. On average, equities analysts expect that Kopin Corporation will post -0.02 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Michael Andrew Murray sold 96,800 shares of the company's stock in a transaction on Friday, April 17th. The stock was sold at an average price of $3.01, for a total transaction of $291,368.00. Following the completion of the sale, the chief executive officer directly owned 2,771,122 shares in the company, valued at $8,341,077.22. This represents a 3.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Paul Christopher Baker sold 116,860 shares of the company's stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $3.95, for a total value of $461,597.00. Following the sale, the chief operating officer owned 480,005 shares of the company's stock, valued at $1,896,019.75. This trade represents a 19.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 464,780 shares of company stock valued at $1,469,373 over the last 90 days. 2.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Kopin

Hedge funds have recently made changes to their positions in the stock. EWA LLC purchased a new stake in shares of Kopin during the 4th quarter worth $25,000. Prudential Financial Inc. purchased a new stake in shares of Kopin during the 2nd quarter worth $25,000. Legal & General Group Plc purchased a new stake in Kopin in the second quarter valued at about $25,000. Cibc World Markets Corp purchased a new stake in Kopin in the fourth quarter valued at about $28,000. Finally, Principal Financial Group Inc. raised its stake in Kopin by 30.7% in the first quarter. Principal Financial Group Inc. now owns 13,815 shares of the company's stock valued at $31,000 after buying an additional 3,243 shares during the last quarter. 30.96% of the stock is currently owned by hedge funds and other institutional investors.

About Kopin

Kopin Corporation NASDAQ: KOPN is a technology company specializing in the development and manufacture of high-resolution microdisplays and optical components for wearable electronics. Headquartered in Westborough, Massachusetts, Kopin designs both liquid crystal on silicon (LCOS) and organic light-emitting diode (OLED) microdisplays, as well as complete display engines and optical modules tailored for use in augmented reality (AR), virtual reality (VR), industrial, medical, and defense applications.

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