Kopin (NASDAQ:KOPN) Trading Up 9.8% - Should You Buy?

Key Points

• Kopin shares rose 9.8% to approximately $5.30 in mid-day trading, though volume was 75% below the average session level.
• Analyst sentiment is mixed but leans positive: five analysts rate the stock Buy, one Hold, and one Sell, producing a “Moderate Buy” consensus and an average price target of $7.20.
• Kopin’s latest quarterly revenue of $10.55 million exceeded estimates, but its $0.02-per-share loss was wider than expected. The company operates in AR/VR, wearable electronics, medical, industrial, and defense display technologies.

Kopin Corporation (NASDAQ:KOPN - Get Free Report)'s share price rose 9.8% during mid-day trading on Friday . The stock traded as high as $5.40 and last traded at $5.3030. Approximately 1,426,502 shares were traded during mid-day trading, a decline of 75% from the average session volume of 5,596,794 shares. The stock had previously closed at $4.83.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on KOPN shares. Wall Street Zen upgraded shares of Kopin from a "strong sell" rating to a "sell" rating in a research report on Saturday, May 2nd. Zacks Research cut shares of Kopin from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 26th. Canaccord Genuity Group set a $6.50 price target on shares of Kopin in a research note on Friday. JonesTrading started coverage on shares of Kopin in a report on Monday, April 27th. They set a "buy" rating and a $6.00 price target on the stock. Finally, Weiss Ratings raised shares of Kopin from a "sell (d)" rating to a "sell (d+)" rating in a research note on Wednesday. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $7.20.

Kopin Price Performance

The company has a market capitalization of $975.88 million, a P/E ratio of 131.86 and a beta of 3.51. The stock has a 50-day moving average price of $4.22 and a 200-day moving average price of $3.57.

Kopin (NASDAQ:KOPN - Get Free Report) last announced its earnings results on Tuesday, May 12th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The company had revenue of $10.55 million during the quarter, compared to the consensus estimate of $9.96 million. Kopin had a net margin of 18.26% and a return on equity of 16.34%. Sell-side analysts anticipate that Kopin Corporation will post -0.02 EPS for the current fiscal year.

Institutional Investors Weigh In On Kopin

A number of institutional investors have recently modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Kopin during the second quarter worth $66,205,000. State Street Corp lifted its holdings in Kopin by 224.0% in the fourth quarter. State Street Corp now owns 11,119,885 shares of the company's stock valued at $26,021,000 after buying an additional 7,687,358 shares during the period. Telemark Asset Management LLC lifted its holdings in Kopin by 40.0% in the fourth quarter. Telemark Asset Management LLC now owns 7,000,000 shares of the company's stock valued at $16,380,000 after buying an additional 2,000,000 shares during the period. Geode Capital Management LLC boosted its position in 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, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Kopin during the second quarter valued at $6,368,000. 30.96% of the stock is owned by 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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