Kopin's (KOPN) Sell (E+) Rating Reaffirmed at Weiss Ratings

Key Points

• Kopin's stock has been reaffirmed with a "sell (e+)" rating by Weiss Ratings, highlighting ongoing concerns among analysts regarding its performance.
• Despite a recent price target increase to $3.00 from Canaccord Genuity and Lake Street Capital, the stock has mixed ratings with three buys and one sell, resulting in a consensus rating of "Moderate Buy."
• In its latest earnings report, Kopin posted a loss of ($0.03) per share, missing analysts' expectations and generating significantly lower revenue than anticipated.

Kopin (NASDAQ:KOPN - Get Free Report)'s stock had its "sell (e+)" rating reissued by investment analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

A number of other equities research analysts have also commented on KOPN. Wall Street Zen lowered shares of Kopin from a "hold" rating to a "sell" rating in a research note on Saturday, August 16th. Canaccord Genuity Group upped their price objective on shares of Kopin from $2.50 to $3.00 and gave the company a "buy" rating in a research note on Tuesday, September 16th. Finally, Lake Street Capital upped their price objective on shares of Kopin from $2.50 to $3.00 and gave the company a "buy" rating in a research note on Tuesday, September 16th. Three investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $3.00.

Kopin Price Performance

KOPN opened at $3.56 on Wednesday. Kopin has a fifty-two week low of $0.65 and a fifty-two week high of $3.69. The firm has a market capitalization of $579.60 million, a price-to-earnings ratio of -39.56 and a beta of 2.98. The company's 50 day moving average price is $2.25 and its two-hundred day moving average price is $1.70.

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). Kopin had a negative return on equity of 66.91% and a negative net margin of 29.47%.The business had revenue of $8.46 million for the quarter, compared to the consensus estimate of $10.57 million. As a group, equities research analysts predict that Kopin will post -0.14 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of KOPN. Bank of America Corp DE lifted its position in shares of Kopin by 11,517.4% during the 4th quarter. Bank of America Corp DE now owns 179,489 shares of the company's stock valued at $244,000 after acquiring an additional 177,944 shares during the period. FNY Investment Advisers LLC acquired a new position in Kopin during the first quarter worth $88,000. Cerity Partners LLC acquired a new position in Kopin during the first quarter worth $201,000. AMG National Trust Bank raised its holdings in Kopin by 16.0% during the first quarter. AMG National Trust Bank now owns 145,000 shares of the company's stock worth $135,000 after buying an additional 20,000 shares during the last quarter. Finally, Royce & Associates LP raised its holdings in Kopin by 3.3% during the first quarter. Royce & Associates LP now owns 7,981,832 shares of the company's stock worth $7,441,000 after buying an additional 255,450 shares during the last quarter. Institutional investors and hedge funds own 30.96% of the company's stock.

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.

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