Kopin (NASDAQ:KOPN) Stock Price Down 5.6% - Time to Sell?

Key Points

• Kopin shares fell 5.6% to about $4.31 in mid-day trading, with volume down roughly 90% from the average session.
• Analyst sentiment remains broadly positive: five analysts rate the stock Buy, one Hold and one Sell, producing a consensus “Moderate Buy” rating and a $7.20 price target.
• Kopin specializes in microdisplays and optical components for AR, VR, medical, industrial and defense applications. Institutional investors own approximately 31% of the company, while the stock trades at a high PE ratio of 107.9.

Kopin Corporation (NASDAQ:KOPN - Get Free Report) was down 5.6% during trading on Wednesday . The company traded as low as $4.29 and last traded at $4.3050. 516,831 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 5,389,592 shares. The stock had previously closed at $4.56.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on KOPN shares. Stifel Nicolaus boosted their price target on shares of Kopin from $5.50 to $6.50 and gave the company a "buy" rating in a research report on Wednesday, May 13th. Weiss Ratings upgraded Kopin from a "sell (d)" rating to a "sell (d+)" rating in a research report on Wednesday, August 12th. Wall Street Zen raised Kopin from a "sell" rating to a "hold" rating in a report on Saturday, August 15th. Canaccord Genuity Group upped their target price on Kopin from $6.25 to $6.50 and gave the company a "buy" rating in a research report on Friday, August 14th. Finally, Lake Street Capital raised their price target on Kopin from $5.00 to $7.00 and gave the stock a "buy" rating in a research note on Wednesday, May 13th. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $7.20.

Kopin Stock Performance

The company has a market capitalization of $802.03 million, a PE ratio of 107.90 and a beta of 3.57. The company's 50-day simple moving average is $4.23 and its 200-day simple moving average is $3.86.

Hedge Funds Weigh In On Kopin

Several institutional investors have recently added to or reduced their stakes in KOPN. Prudential Financial Inc. acquired a new stake in Kopin during the 2nd quarter worth approximately $25,000. Legal & General Group Plc acquired a new position in shares of Kopin in the second quarter valued at approximately $25,000. Cibc World Markets Corp acquired a new position in shares of Kopin in the fourth quarter valued at approximately $28,000. Principal Financial Group Inc. raised its stake in shares of Kopin by 30.7% during the first quarter. Principal Financial Group Inc. now owns 13,815 shares of the company's stock worth $31,000 after purchasing an additional 3,243 shares during the last quarter. Finally, Private Advisor Group LLC purchased a new stake in shares of Kopin during the first quarter worth approximately $32,000. Institutional investors and hedge funds own 30.96% of the company's stock.

About Kopin

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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