Kopin (NASDAQ:KOPN) Lowered to Sell Rating by Wall Street Zen

Key Points

• Kopin's rating has been downgraded from "hold" to "sell" by Wall Street Zen, indicating a negative outlook from analysts.
• Canaccord Genuity Group has reduced its price target for Kopin from $2.50 to $2.25 while maintaining a "buy" rating.
• Kopin's recent earnings report revealed a loss of ($0.03) per share, falling short of the consensus estimate and highlighting operational challenges.

Kopin (NASDAQ:KOPN - Get Free Report) was downgraded by analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report released on Saturday.

Separately, Canaccord Genuity Group decreased their price objective on shares of Kopin from $2.50 to $2.25 and set a "buy" rating on the stock in a research note on Monday, April 21st. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $2.63.

Kopin Trading Down 8.0%

NASDAQ:KOPN traded down $0.1550 during mid-day trading on Friday, hitting $1.7850. The company's stock had a trading volume of 1,819,470 shares, compared to its average volume of 3,773,114. Kopin has a fifty-two week low of $0.5610 and a fifty-two week high of $2.50. The company has a market capitalization of $290.61 million, a price-to-earnings ratio of -19.83 and a beta of 2.74. The stock has a fifty day moving average of $1.78 and a 200-day moving average of $1.48.

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Prudential Financial Inc. acquired a new position in shares of Kopin during the 2nd quarter worth about $25,000. Legal & General Group Plc bought a new stake in shares of Kopin during the 2nd quarter worth about $25,000. One68 Global Capital LLC bought a new stake in shares of Kopin during the 4th quarter worth about $30,000. O Connor Financial Group LLC bought a new stake in shares of Kopin during the 2nd quarter worth about $32,000. Finally, Virtu Financial LLC bought a new stake in shares of Kopin during the 1st quarter worth about $36,000. 30.96% of the stock is currently owned by institutional investors and hedge funds.

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.