Kopin (NASDAQ:KOPN) Stock Price Up 12.2% - What's Next?

Key Points

• Kopin shares rose 12.2% to $3.085 on Friday, while trading volume was 90% below its average.
• Analysts have a consensus “Moderate Buy” rating and a $7.17 price target; six rate the stock Buy, one Hold, and one Sell.
• In its latest reported quarter, Kopin posted revenue of $12.73 million, up 50.6% year over year and above estimates, and break-even EPS versus expectations for a loss.

Kopin Corporation (NASDAQ:KOPN - Get Free Report)'s share price traded up 12.2% on Friday. The company traded as high as $3.09 and last traded at $3.0850. 492,597 shares were traded during trading, a decline of 90% from the average session volume of 5,014,069 shares. The stock had previously closed at $2.75.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on KOPN shares. Wall Street Zen upgraded Kopin from a "sell" rating to a "hold" rating in a research note on Saturday, August 15th. Stifel Nicolaus set a $6.50 target price on Kopin in a report on Friday, September 25th. Canaccord Genuity Group boosted their target price on Kopin from $6.25 to $6.50 and gave the stock a "buy" rating in a research note on Friday, August 14th. Weiss Ratings downgraded Kopin from a "hold (c-)" rating to a "sell (d+)" rating in a report on Friday, October 23rd. Finally, Oppenheimer assumed coverage on Kopin in a report on Thursday, September 17th. They set an "outperform" rating and a $7.00 price target on the stock. Six research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $7.17.

Kopin Price Performance

The business's 50 day moving average is $4.21 and its 200-day moving average is $3.78. The company has a market cap of $556.68 million, a PE ratio of 75.42 and a beta of 3.72.

Kopin (NASDAQ:KOPN - Get Free Report) last posted its quarterly earnings results on Tuesday, August 11th. The company reported $0.00 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.01. Kopin had a net margin of 18.26% and a return on equity of 14.79%. The company had revenue of $12.73 million during the quarter, compared to analysts' expectations of $11.75 million. During the same quarter in the previous year, the business posted ($0.03) EPS. The firm's revenue was up 50.62% on a year-over-year basis. As a group, sell-side analysts predict that Kopin Corporation will post -0.02 EPS for the current fiscal year.

Hedge Funds Weigh In On Kopin

Several large investors have recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in shares of Kopin during the 2nd quarter worth approximately $66,205,000. AWM Investment Company Inc. acquired a new position in shares of Kopin in the 2nd quarter valued at $35,948,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Kopin in the 2nd quarter valued at $6,368,000. Squarepoint Ops LLC grew its position in shares of Kopin by 368.8% in the 2nd quarter. Squarepoint Ops LLC now owns 1,490,289 shares of the company's stock valued at $6,676,000 after buying an additional 1,172,369 shares during the last quarter. Finally, Diamond Hill Capital Management LLC Investment Advisor purchased a new position in shares of Kopin in the 2nd quarter valued at $2,542,000. Hedge funds and other institutional investors own 30.96% of the company's stock.

About Kopin

Kopin Corporation NASDAQ: KOPN develops wearable computing technologies, microdisplays and optical systems for defense, enterprise, medical and consumer applications. Its products are designed to provide users with hands-free access to information through head-worn and other compact display systems.

The company's technologies include high-resolution liquid-crystal and OLED microdisplays, display modules, optical components and specialized software. Kopin integrates these components into systems such as head-mounted displays, helmet-mounted displays, thermal imaging and night-vision equipment, and wearable devices used in industrial, medical and other specialized environments.

Founded in 1984 and headquartered in Westborough, Massachusetts, Kopin serves customers and partners in the United States and international markets.

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