Kopin (NASDAQ:KOPN) Stock Crosses Above Two Hundred Day Moving Average - What's Next?

Key Points

• Kopin Corporation shares have crossed above their 200-day moving average, reaching a high of $2.04 before closing at $2.00 with significant trading volume of 2,662,845 shares.
• Equities analysts have shown mixed sentiments, with Wall Street Zen upgrading the stock from a "sell" to a "hold" rating, while Canaccord Genuity reduced the target price from $2.50 to $2.25, maintaining a "buy" rating.
• The company's recent earnings report indicated a missing EPS estimate by $0.01 and a revenue of $14.65 million, surpassing the consensus estimate of $12.41 million.

Shares of Kopin Corporation (NASDAQ:KOPN - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.46 and traded as high as $2.04. Kopin shares last traded at $2.00, with a volume of 2,662,845 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on KOPN shares. Canaccord Genuity Group reduced their price target on shares of Kopin from $2.50 to $2.25 and set a "buy" rating for the company in a research report on Monday, April 21st. Wall Street Zen raised shares of Kopin from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st.

Kopin Trading Up 1.6%

The stock has a market capitalization of $312.58 million, a PE ratio of -17.45 and a beta of 2.74. The company's 50 day simple moving average is $1.71 and its 200 day simple moving average is $1.47.

Kopin (NASDAQ:KOPN - Get Free Report) last released its earnings results on Tuesday, May 13th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The firm had revenue of $14.65 million during the quarter, compared to analysts' expectations of $12.41 million. Kopin had a negative return on equity of 87.81% and a negative net margin of 28.70%. During the same period in the previous year, the firm posted ($0.06) earnings per share. As a group, analysts predict that Kopin Corporation will post -0.14 EPS for the current year.

Institutional Trading of Kopin

Several institutional investors have recently made changes to their positions in KOPN. One68 Global Capital LLC purchased a new stake in shares of Kopin during the 4th quarter valued at $30,000. O Connor Financial Group LLC purchased a new stake in shares of Kopin during the 2nd quarter valued at $32,000. Virtu Financial LLC purchased a new stake in shares of Kopin during the 1st quarter valued at $36,000. Prudential Financial Inc. purchased a new stake in shares of Kopin during the 4th quarter valued at $37,000. Finally, Tower Research Capital LLC TRC grew its stake in shares of Kopin by 271.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 30,530 shares of the company's stock valued at $42,000 after buying an additional 22,316 shares during the period. 30.96% of the stock is owned by hedge funds and other institutional investors.

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.