Kopin (NASDAQ:KOPN) Hits New 12-Month High – Time to Buy?

Kopin Corporation (NASDAQ:KOPNGet Free Report)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $4.12 and last traded at $4.10, with a volume of 7610896 shares. The stock had previously closed at $3.64.

Analyst Upgrades and Downgrades

KOPN has been the topic of several research reports. Wall Street Zen lowered shares of Kopin from a “hold” rating to a “sell” rating in a report on Saturday, August 16th. Stifel Nicolaus initiated coverage on Kopin in a report on Friday. They issued a “buy” rating and a $5.50 price target on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Kopin in a report on Wednesday, October 8th. Lake Street Capital increased their target price on Kopin from $2.50 to $3.00 and gave the stock a “buy” rating in a report on Tuesday, September 16th. Finally, Canaccord Genuity Group lifted their price target on shares of Kopin from $2.50 to $3.00 and gave the company a “buy” rating in a research report on Tuesday, September 16th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $3.63.

Read Our Latest Research Report on Kopin

Kopin Trading Up 12.6%

The stock has a market capitalization of $667.52 million, a P/E ratio of -45.56 and a beta of 2.98. The business has a fifty day simple moving average of $2.53 and a 200 day simple moving average of $1.85.

Kopin (NASDAQ:KOPNGet 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 net margin of 29.47% and a negative return on equity of 66.91%. The company had revenue of $8.46 million during the quarter, compared to the consensus estimate of $10.57 million. As a group, research analysts forecast that Kopin Corporation will post -0.14 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Prudential Financial Inc. purchased a new position in Kopin during the second quarter worth about $25,000. Legal & General Group Plc bought a new position in shares of Kopin during the 2nd quarter worth approximately $25,000. O Connor Financial Group LLC purchased a new position in shares of Kopin in the 2nd quarter worth approximately $32,000. Bravias Capital Group LLC bought a new position in shares of Kopin in the third quarter valued at approximately $32,000. Finally, Virtu Financial LLC bought a new position in shares of Kopin in the first quarter valued at approximately $36,000. 30.96% of the stock is owned by institutional investors.

Kopin Company Profile

(Get Free Report)

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.

Further Reading

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