Kopin (NASDAQ:KOPN) Earns "Buy" Rating from HC Wainwright

Kopin (NASDAQ:KOPN - Get Free Report)'s stock had its "buy" rating reiterated by HC Wainwright in a note issued to investors on Wednesday, Benzinga reports. They currently have a $3.00 price target on the stock. HC Wainwright's price objective suggests a potential upside of 263.02% from the company's previous close.

Separately, StockNews.com upgraded shares of Kopin to a "sell" rating in a research note on Friday, April 26th.

Kopin Stock Down 0.4 %

Shares of Kopin stock traded down $0.00 on Wednesday, reaching $0.83. The stock had a trading volume of 1,661,976 shares, compared to its average volume of 2,086,208. The stock has a market capitalization of $97.87 million, a P/E ratio of -4.36 and a beta of 2.56. The company has a 50 day moving average price of $1.50 and a 200 day moving average price of $1.77. Kopin has a 1 year low of $0.67 and a 1 year high of $2.82.

Kopin (NASDAQ:KOPN - Get Free Report) last issued its quarterly earnings results on Tuesday, May 14th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.01). The business had revenue of $10.03 million for the quarter, compared to analyst estimates of $8.96 million. Kopin had a negative return on equity of 55.35% and a negative net margin of 48.89%. During the same period in the previous year, the company posted ($0.03) earnings per share. On average, analysts forecast that Kopin will post -0.1 earnings per share for the current fiscal year.

Institutional Trading of Kopin

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. EntryPoint Capital LLC acquired a new stake in shares of Kopin in the first quarter valued at about $26,000. Staley Capital Advisers Inc. acquired a new stake in Kopin in the 1st quarter worth about $32,000. Sound View Wealth Advisors Group LLC purchased a new stake in Kopin during the 4th quarter worth approximately $32,000. Atria Wealth Solutions Inc. acquired a new position in shares of Kopin during the fourth quarter valued at approximately $35,000. Finally, O Connor Financial Group LLC purchased a new position in shares of Kopin in the first quarter valued at approximately $36,000. 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.