Kopin (NASDAQ:KOPN) Shares Gap Up - Should You Buy?

Key Points

• Kopin Corporation's stock price gapped up from $2.99 to $3.21 before the market opened, with a last traded price of $3.20 and a trading volume of over 1.3 million shares.
• Analyst ratings show a mixed sentiment, with three firms rating it a "buy" and one firm downgrading to "sell," resulting in an average rating of "Moderate Buy" and a price target of $3.00.
• Kopin reported a loss of $0.03 per share for the last quarter, missing expectations, and revealed revenue of $8.46 million, which was below the consensus estimate of $10.57 million.

Kopin Corporation (NASDAQ:KOPN - Get Free Report)'s stock price gapped up before the market opened on Monday . The stock had previously closed at $2.99, but opened at $3.21. Kopin shares last traded at $3.20, with a volume of 1,306,225 shares traded.

Analyst Ratings Changes

Several research firms have recently commented on KOPN. Canaccord Genuity Group boosted their target price on shares of Kopin from $2.50 to $3.00 and gave the stock a "buy" rating in a research report on Tuesday, September 16th. Wall Street Zen cut shares of Kopin from a "hold" rating to a "sell" rating in a report on Saturday, August 16th. Lake Street Capital boosted their price target on shares of Kopin from $2.50 to $3.00 and gave the stock a "buy" rating in a report on Tuesday, September 16th. Finally, Weiss Ratings restated a "sell (e+)" rating on shares of Kopin in a report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Kopin presently has an average rating of "Moderate Buy" and an average price target of $3.00.

Kopin Stock Performance

The company has a market capitalization of $528.31 million, a PE ratio of -36.06 and a beta of 2.98. The stock's 50 day moving average is $2.31 and its 200 day moving average is $1.73.

Kopin (NASDAQ:KOPN - Get Free Report) last posted 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). The firm had revenue of $8.46 million for the quarter, compared to the consensus estimate 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 research analysts forecast that Kopin Corporation will post -0.14 EPS for the current fiscal year.

Institutional Trading of Kopin

Several institutional investors have recently added to or reduced their stakes in the business. AWM Investment Company Inc. raised its stake in shares of Kopin by 1.5% during the second quarter. AWM Investment Company Inc. now owns 9,863,887 shares of the company's stock valued at $15,092,000 after acquiring an additional 149,188 shares during the last quarter. Royce & Associates LP raised its stake in shares of Kopin by 3.3% during the first quarter. Royce & Associates LP now owns 7,981,832 shares of the company's stock valued at $7,441,000 after acquiring an additional 255,450 shares during the last quarter. Telemark Asset Management LLC raised its stake in shares of Kopin by 33.3% during the second quarter. Telemark Asset Management LLC now owns 4,000,000 shares of the company's stock valued at $6,120,000 after acquiring an additional 1,000,000 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Kopin by 106.8% during the second quarter. Geode Capital Management LLC now owns 3,497,900 shares of the company's stock valued at $5,353,000 after acquiring an additional 1,806,632 shares during the last quarter. Finally, Silverberg Bernstein Capital Management LLC raised its stake in shares of Kopin by 13.4% during the third quarter. Silverberg Bernstein Capital Management LLC now owns 1,202,009 shares of the company's stock valued at $2,921,000 after acquiring an additional 142,300 shares during the last quarter. 30.96% of the stock is currently 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.

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