Kopin (NASDAQ:KOPN) Shares Up 8.3% - Time to Buy?

Key Points

• Kopin shares jumped 8.3% Monday, last trading at $2.88 on a midday volume of 536,565 shares — about an 82% decline from its average session volume.
• Analyst sentiment is mixed: the consensus rating is a "Moderate Buy" (four Buys, one Sell) with a consensus target price of $4.69, though recent notes from Weiss Ratings and Wall Street Zen were bearish.
• Kopin is a specialty AR/VR microdisplay and optics supplier with a market cap near $512 million, a negative P/E (~-70), and a relatively high beta (2.73), indicating elevated volatility.

Kopin Corporation (NASDAQ:KOPN - Get Free Report) shot up 8.3% during trading on Monday . The company traded as high as $2.80 and last traded at $2.88. 536,565 shares were traded during mid-day trading, a decline of 82% from the average session volume of 2,974,256 shares. The stock had previously closed at $2.66.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on KOPN. Weiss Ratings reiterated a "sell (e+)" rating on shares of Kopin in a research note on Thursday, January 22nd. Wall Street Zen lowered shares of Kopin from a "hold" rating to a "sell" rating in a research note on Saturday, April 4th. Four research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, Kopin currently has a consensus rating of "Moderate Buy" and a consensus target price of $4.69.

Kopin Price Performance

The company has a market capitalization of $511.94 million, a PE ratio of -70.18 and a beta of 2.73. The stock's 50 day simple moving average is $2.28 and its 200-day simple moving average is $2.64.

Institutional Trading of Kopin

A number of large investors have recently made changes to their positions in KOPN. EWA LLC purchased a new stake in shares of Kopin during the fourth quarter worth approximately $25,000. Prudential Financial Inc. purchased a new stake in shares of Kopin during the second quarter worth approximately $25,000. Legal & General Group Plc purchased a new stake in shares of Kopin during the second quarter worth approximately $25,000. Cibc World Markets Corp purchased a new stake in shares of Kopin during the fourth quarter worth approximately $28,000. Finally, Bravias Capital Group LLC purchased a new stake in shares of Kopin during the third quarter worth approximately $32,000. 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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