Kopin (NASDAQ:KOPN) Given “Buy” Rating at HC Wainwright

HC Wainwright reissued their buy rating on shares of Kopin (NASDAQ:KOPN) in a research note published on Monday, Benzinga reports. They currently have a $3.00 price target on the stock.

KOPN has been the subject of several other reports. Stifel Nicolaus lowered their target price on Kopin from $3.00 to $2.50 and set a “buy” rating for the company in a report on Friday, August 9th. StockNews.com raised shares of Kopin from a “sell” rating to a “hold” rating in a research note on Tuesday, October 15th.

Kopin Price Performance

KOPN stock opened at $0.77 on Monday. Kopin has a twelve month low of $0.56 and a twelve month high of $2.82. The firm has a market cap of $90.60 million, a price-to-earnings ratio of -1.82 and a beta of 2.60. The business’s fifty day simple moving average is $0.83 and its two-hundred day simple moving average is $0.89.

Kopin (NASDAQ:KOPN) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.01). The company had revenue of $12.34 million for the quarter, compared to the consensus estimate of $9.32 million. Kopin had a negative net margin of 114.11% and a negative return on equity of 131.82%. During the same quarter in the previous year, the business earned ($0.07) EPS. Research analysts expect that Kopin will post -0.17 EPS for the current year.

Institutional Trading of Kopin

Several hedge funds and other institutional investors have recently made changes to their positions in KOPN. Renaissance Technologies LLC increased its position in Kopin by 494.4% during the 2nd quarter. Renaissance Technologies LLC now owns 846,069 shares of the company’s stock valued at $711,000 after buying an additional 703,740 shares in the last quarter. Quadrature Capital Ltd acquired a new position in shares of Kopin during the first quarter valued at about $67,000. EntryPoint Capital LLC purchased a new position in shares of Kopin in the 1st quarter valued at approximately $26,000. EverSource Wealth Advisors LLC acquired a new stake in Kopin in the 1st quarter worth approximately $37,000. Finally, XTX Topco Ltd purchased a new stake in Kopin during the 2nd quarter worth approximately $32,000. Hedge funds and other institutional investors own 30.96% of the company’s stock.

Kopin Company Profile

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.