Kopin (NASDAQ:KOPN) Sees Unusually-High Trading Volume - Should You Buy?

Key Points

• Kopin saw unusually-high trading volume of about 3.84 million shares mid-day (down 4% from the prior session) and last traded at $4.6460 versus a prior close of $4.30.
• Analysts are mixed but lean positive — one Strong Buy, five Buy and one Sell — giving an average rating of Moderate Buy and an average price target of $5.15, with recent upgrades from Zacks and a $6 target from JonesTrading.
• The company reported a quarterly EPS beat ($0.04 vs. -$0.02 consensus) but missed on revenue ($8.37M vs. $12.98M), and the stock carries a very high PE ratio of 447.45 with a market cap around $820M.

Kopin Corporation (NASDAQ:KOPN - Get Free Report) saw unusually-high trading volume on Monday . Approximately 3,835,437 shares changed hands during mid-day trading, a decline of 4% from the previous session's volume of 3,987,896 shares.The stock last traded at $4.6460 and had previously closed at $4.30.

Analyst Ratings Changes

KOPN has been the topic of several recent analyst reports. Zacks Research upgraded Kopin from a "hold" rating to a "strong-buy" rating in a report on Monday, April 27th. JonesTrading initiated coverage on Kopin in a report on Monday, April 27th. They issued a "buy" rating and a $6.00 price target on the stock. Weiss Ratings reiterated a "sell (e+)" rating on shares of Kopin in a report on Thursday, January 22nd. Wall Street Zen upgraded Kopin from a "strong sell" rating to a "sell" rating in a report on Saturday. Finally, Lake Street Capital reiterated a "buy" rating and issued a $5.00 price target on shares of Kopin in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $5.15.

Kopin Stock Performance

The firm has a fifty day simple moving average of $2.56 and a 200 day simple moving average of $2.68. The company has a market capitalization of $819.62 million, a PE ratio of 447.45 and a beta of 3.40.

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

Insider Buying and Selling at Kopin

In other Kopin news, CEO Michael Andrew Murray sold 187,920 shares of the firm's stock in a transaction on Monday, April 13th. The stock was sold at an average price of $2.80, for a total transaction of $526,176.00. Following the transaction, the chief executive officer directly owned 2,931,122 shares in the company, valued at $8,207,141.60. This trade represents a 6.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Paul Christopher Baker sold 116,860 shares of the firm'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 transaction, the chief operating officer owned 480,005 shares in the company, valued at $1,896,019.75. The trade was a 19.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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 worth $1,469,373 over the last 90 days. 2.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of KOPN. Herald Investment Management Ltd increased its holdings in shares of Kopin by 30.3% in the 3rd quarter. Herald Investment Management Ltd now owns 2,000,000 shares of the company's stock valued at $4,860,000 after acquiring an additional 465,000 shares during the period. Tudor Investment Corp ET AL purchased a new position in shares of Kopin in the 3rd quarter valued at $976,000. Telemark Asset Management LLC increased its holdings in shares of Kopin by 25.0% in the 3rd quarter. Telemark Asset Management LLC now owns 5,000,000 shares of the company's stock valued at $12,150,000 after acquiring an additional 1,000,000 shares during the period. DNB Asset Management AS increased its holdings in shares of Kopin by 144.1% in the 3rd quarter. DNB Asset Management AS now owns 579,945 shares of the company's stock valued at $1,409,000 after acquiring an additional 342,389 shares during the period. Finally, Wesbanco Bank Inc. purchased a new position in shares of Kopin in the 3rd quarter valued at $729,000. 30.96% of the stock is currently owned by hedge funds and other institutional investors.

Kopin Company Profile

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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