Kopin Target of Unusually High Options Trading (NASDAQ:KOPN)

Kopin Co. (NASDAQ:KOPN) saw unusually large options trading activity on Thursday. Investors purchased 14,250 call options on the company. This represents an increase of approximately 1,241% compared to the average volume of 1,063 call options.

Kopin Stock Performance

Shares of KOPN stock traded up $0.27 during trading hours on Thursday, reaching $1.74. The company had a trading volume of 64,194,318 shares, compared to its average volume of 8,519,405. The business has a fifty day moving average price of $1.20 and a 200-day moving average price of $0.98. Kopin has a one year low of $0.56 and a one year high of $2.82. The firm has a market cap of $276.79 million, a PE ratio of -4.23 and a beta of 2.71.

Kopin (NASDAQ:KOPN) last announced its quarterly earnings results on Tuesday, November 12th. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.02. Kopin had a negative net margin of 109.38% and a negative return on equity of 165.86%. The firm had revenue of $13.32 million during the quarter, compared to analyst estimates of $12.73 million. During the same period in the previous year, the business posted ($0.02) earnings per share. Equities research analysts forecast that Kopin will post -0.14 EPS for the current year.

Institutional Trading of Kopin

Several large investors have recently added to or reduced their stakes in KOPN. Renaissance Technologies LLC grew its position in Kopin by 494.4% during the second 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 during the period. XTX Topco Ltd bought a new stake in Kopin during the second quarter valued at approximately $32,000. Affinity Capital Advisors LLC bought a new stake in Kopin during the third quarter valued at approximately $54,000. Murphy Pohlad Asset Management LLC grew its position in Kopin by 26.0% during the third quarter. Murphy Pohlad Asset Management LLC now owns 135,600 shares of the company’s stock valued at $99,000 after buying an additional 28,000 shares during the period. Finally, Royce & Associates LP grew its position in Kopin by 485.4% during the third quarter. Royce & Associates LP now owns 6,693,294 shares of the company’s stock valued at $4,886,000 after buying an additional 5,550,000 shares during the period. 30.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on KOPN. HC Wainwright reiterated a “buy” rating and set a $3.00 price target on shares of Kopin in a report on Wednesday, November 13th. StockNews.com downgraded Kopin from a “hold” rating to a “sell” rating in a research note on Saturday, December 21st. Finally, Canaccord Genuity Group started coverage on Kopin in a report on Thursday, January 2nd. They set a “buy” rating and a $2.00 price target on the stock. One analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $2.50.

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.