Kopin (NASDAQ:KOPN) Stock Jumps 7.1% - Still a Buy?

Key Points

• Kopin shares rose 7.1% to $3.525, although trading volume was 84% below the stock’s average session volume.
• Analyst sentiment is broadly positive: six analysts rate the stock a Buy and two rate it a Hold, producing a “Moderate Buy” consensus and an average price target of $7.17.
• Kopin develops microdisplays, optical systems and wearable-computing components for defense, aerospace, medical, industrial and consumer applications; institutional investors own approximately 30.96% of its shares.

Kopin Corporation (NASDAQ:KOPN - Get Free Report)'s stock price was up 7.1% on Monday. The stock traded as high as $3.46 and last traded at $3.5250. Approximately 824,351 shares changed hands during trading, a decline of 84% from the average session volume of 5,139,846 shares. The stock had previously closed at $3.29.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Canaccord Genuity Group lifted their target price on shares of Kopin from $6.25 to $6.50 and gave the stock a "buy" rating in a research report on Friday, August 14th. Stifel Nicolaus set a $6.50 price objective on shares of Kopin in a research note on Friday, September 25th. Oppenheimer assumed coverage on Kopin in a research report on Thursday, September 17th. They set an "outperform" rating and a $7.00 price objective for the company. Wall Street Zen upgraded Kopin from a "sell" rating to a "hold" rating in a research report on Saturday, August 15th. Finally, Weiss Ratings raised Kopin from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Thursday, October 8th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $7.17.

Kopin Price Performance

The business's 50-day moving average price is $4.60 and its two-hundred day moving average price is $4.32. The firm has a market cap of $658.92 million, a price-to-earnings ratio of 88.65 and a beta of 3.59.

Institutional Trading of Kopin

Hedge funds and other institutional investors have recently bought and sold shares of the company. Meeder Asset Management Inc. purchased a new position in shares of Kopin during the 2nd quarter worth $33,000. Quantbot Technologies LP purchased a new position in Kopin during the second quarter worth about $39,000. Allworth Financial LP purchased a new position in Kopin during the second quarter worth about $41,000. Pension & Wealth Management Advisors Inc. acquired a new stake in Kopin in the 3rd quarter worth about $46,000. Finally, Capstone Financial Advisors Inc. acquired a new stake in Kopin in the 2nd quarter worth about $45,000. 30.96% of the stock is owned by hedge funds and other institutional investors.

Kopin Company Profile

Kopin Corporation NASDAQ: KOPN develops and supplies wearable computing technologies, including microdisplays, optical systems and related components. Its products are designed for applications that require compact, high-resolution displays and hands-free access to information.

The company's offerings have included liquid crystal, OLED and other microdisplay technologies, as well as display modules, lenses and customized optical systems. Kopin serves defense and aerospace, industrial, medical and consumer electronics markets, with products intended for applications such as head-mounted displays, night vision, thermal imaging, training systems and wearable computing devices.

Founded in 1984, Kopin is headquartered in Westborough, Massachusetts, and sells its technologies to customers and partners in the United States and international markets.

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