Kopin (NASDAQ:KOPN) Hits New 12-Month High - Time to Buy?

Key Points

• Kopin Corporation (NASDAQ:KOPN) reached a new 52-week high of $4.12, significantly increasing from its previous close of $3.64, with a trading volume of 7,610,896 shares.
• Analyst ratings for Kopin have varied, with Canaccord Genuity and Lake Street Capital issuing "buy" ratings and raising price targets, while Wall Street Zen downgraded the stock to "sell."
• Kopin reported a revenue of $8.46 million for its latest quarter, missing analysts' expectations and experiencing negative margins, with an anticipated EPS of -0.14 for the current fiscal year.

Kopin Corporation (NASDAQ:KOPN - Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as $4.12 and last traded at $4.10, with a volume of 7610896 shares. The stock had previously closed at $3.64.

Analyst Ratings Changes

Several equities research analysts recently weighed in on KOPN shares. Canaccord Genuity Group raised their price objective on Kopin from $2.50 to $3.00 and gave the company a "buy" rating in a report on Tuesday, September 16th. Wall Street Zen lowered Kopin from a "hold" rating to a "sell" rating in a research note on Saturday, August 16th. Lake Street Capital boosted 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. Stifel Nicolaus initiated coverage on shares of Kopin in a report on Friday. They issued a "buy" rating and a $5.50 price objective for the company. Finally, Weiss Ratings reissued a "sell (e+)" rating on shares of Kopin in a report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Kopin currently has an average rating of "Moderate Buy" and a consensus target price of $3.63.

Kopin Price Performance

The stock has a 50-day moving average price of $2.53 and a 200-day moving average price of $1.85. The company has a market capitalization of $667.52 million, a P/E ratio of -45.56 and a beta of 2.98.

Kopin (NASDAQ:KOPN - Get Free Report) last released its earnings results on Tuesday, August 12th. The company reported ($0.03) earnings per share for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.02). Kopin had a negative net margin of 29.47% and a negative return on equity of 66.91%. The firm had revenue of $8.46 million for the quarter, compared to analyst estimates of $10.57 million. Sell-side analysts anticipate that Kopin Corporation will post -0.14 EPS for the current fiscal year.

Institutional Trading of Kopin

A number of institutional investors have recently bought and sold shares of the company. PEAK6 LLC raised its position in shares of Kopin by 12.5% in the 1st quarter. PEAK6 LLC now owns 71,200 shares of the company's stock worth $66,000 after acquiring an additional 7,900 shares in the last quarter. Jefferies Financial Group Inc. grew its stake in Kopin by 10.4% during the first quarter. Jefferies Financial Group Inc. now owns 104,564 shares of the company's stock worth $97,000 after purchasing an additional 9,864 shares during the period. Fisher Asset Management LLC grew its stake in Kopin by 19.0% during the second quarter. Fisher Asset Management LLC now owns 65,875 shares of the company's stock worth $101,000 after purchasing an additional 10,515 shares during the period. Bravias Capital Group LLC bought a new stake in Kopin in the third quarter worth approximately $32,000. Finally, Prudential Financial Inc. acquired a new position in Kopin in the second quarter valued at approximately $25,000. Institutional investors own 30.96% of the company's stock.

About Kopin

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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