Kopin (NASDAQ:KOPN) Shares Pass Above 200-Day Moving Average - Time to Sell?

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.

Kopin Corporation (NASDAQ:KOPN - Get Free Report)'s stock price 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 traded.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on KOPN. Wall Street Zen upgraded Kopin from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. Canaccord Genuity Group dropped their price target on Kopin from $2.50 to $2.25 and set a "buy" rating on the stock in a research note on Monday, April 21st.

Kopin Trading Up 1.6%

The business has a 50 day moving average of $1.72 and a 200-day moving average of $1.47. The stock has a market cap of $312.58 million, a PE ratio of -17.45 and a beta of 2.74.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. O Connor Financial Group LLC purchased a new position in shares of Kopin in the 2nd quarter valued at approximately $32,000. One68 Global Capital LLC purchased a new position in shares of Kopin in the 4th quarter valued at approximately $30,000. Prudential Financial Inc. purchased a new position in shares of Kopin in the 4th quarter valued at approximately $37,000. Tower Research Capital LLC TRC grew its stake in shares of Kopin by 271.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 30,530 shares of the company's stock valued at $42,000 after purchasing an additional 22,316 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey purchased a new position in shares of Kopin in the 2nd quarter valued at approximately $49,000. 30.96% of the stock is currently owned by hedge funds and other institutional investors.

Kopin Company Profile

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.