According to Zacks, “Kopin Corporation is a leading developer and provider of innovative wearable technologies and solutions for integration into head-worn computing and display systems to military, industrial and consumer customers. Kopin’s technologies and solutions are available as components providing individual capabilities or as reference systems providing integrated solutions. Kopin has a long history of developing technologies required for wearable computing headsets for the military, consumers, or industry. Kopin has contributed to the development of head-mounted displays for the F-35 Joint Strike Fighter, created the Golden-i, a wearable headset reference design for industry, and collaborated on many wearable products with a range of companies including Vuzix, Motorola Solutions and Recon Instruments. Kopin has developed and commercialized game-changing technologies such as heterojunction bipolar transistors (HBT) which power billions of cellphones, and microdisplays which have brought vivid images. “
Several other equities analysts also recently commented on the stock. LADENBURG THALM/SH SH upped their price objective on shares of Kopin from $1.50 to $2.50 and gave the company a “buy” rating in a report on Wednesday, August 5th. ValuEngine downgraded shares of Kopin from a “buy” rating to a “hold” rating in a report on Tuesday, September 1st. Finally, HC Wainwright initiated coverage on shares of Kopin in a report on Tuesday, August 25th. They issued a “buy” rating and a $2.00 price objective on the stock.
NASDAQ KOPN opened at $1.26 on Friday. The company has a current ratio of 2.69, a quick ratio of 2.35 and a debt-to-equity ratio of 0.05. The firm’s fifty day moving average price is $1.62 and its two-hundred day moving average price is $1.00. Kopin has a 1 year low of $0.19 and a 1 year high of $2.16. The firm has a market capitalization of $107.90 million, a P/E ratio of -5.73 and a beta of 1.75.
Kopin (NASDAQ:KOPN) last released its quarterly earnings data on Tuesday, August 4th. The company reported ($0.01) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.04. Kopin had a negative net margin of 59.04% and a negative return on equity of 65.68%. The firm had revenue of $8.82 million for the quarter. During the same quarter in the prior year, the firm earned ($0.05) earnings per share. On average, research analysts anticipate that Kopin will post -0.1 EPS for the current fiscal year.
Several hedge funds have recently bought and sold shares of KOPN. J.W. Cole Advisors Inc. lifted its holdings in shares of Kopin by 37.0% in the second quarter. J.W. Cole Advisors Inc. now owns 25,656 shares of the company’s stock worth $34,000 after acquiring an additional 6,924 shares during the last quarter. Jane Street Group LLC bought a new position in Kopin in the 2nd quarter valued at approximately $47,000. Weybosset Research & Management LLC raised its holdings in Kopin by 149.4% in the 2nd quarter. Weybosset Research & Management LLC now owns 64,545 shares of the company’s stock valued at $86,000 after buying an additional 38,670 shares during the last quarter. Finally, Game Plan Financial Advisors LLC raised its holdings in Kopin by 85.4% in the 2nd quarter. Game Plan Financial Advisors LLC now owns 121,600 shares of the company’s stock valued at $162,000 after buying an additional 56,000 shares during the last quarter. 18.74% of the stock is owned by hedge funds and other institutional investors.
Kopin Company Profile
Kopin Corporation invents, develops, manufactures, and sells various components and systems 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, application specific integrated circuits, backlights, optical lenses, and audio integrated circuits, as well as SOLOS smart glasses, which are hands-free head-worn devices that obtain information from sensors or the Internet via a smartphone and displays the information on the sunglass lens.
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