Kopin’s (KOPN) “Buy” Rating Reiterated at HC Wainwright

HC Wainwright reissued their buy rating on shares of Kopin (NASDAQ:KOPN) in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have a $3.00 target price on the stock. HC Wainwright also issued estimates for Kopin’s Q4 2024 earnings at ($0.02) EPS, FY2024 earnings at ($0.14) EPS and FY2025 earnings at ($0.10) EPS.

Several other equities research analysts also recently commented on the company. StockNews.com downgraded Kopin from a “hold” rating to a “sell” rating in a report on Wednesday, October 23rd. Stifel Nicolaus dropped their price target on shares of Kopin from $3.00 to $2.50 and set a “buy” rating on the stock in a research note on Friday, August 9th.

Kopin Price Performance

Shares of NASDAQ KOPN opened at $0.83 on Wednesday. Kopin has a 1 year low of $0.56 and a 1 year high of $2.82. The firm has a 50-day moving average of $0.78 and a 200 day moving average of $0.84. The stock has a market cap of $100.40 million, a P/E ratio of -2.02 and a beta of 2.60.

Kopin (NASDAQ:KOPN) last issued 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. The firm had revenue of $13.32 million for the quarter, compared to analysts’ expectations of $12.73 million. Kopin had a negative return on equity of 165.86% and a negative net margin of 109.38%. During the same period in the previous year, the firm posted ($0.02) EPS. Research analysts expect that Kopin will post -0.17 earnings per share for the current fiscal year.

Institutional Trading of Kopin

Institutional investors have recently added to or reduced their stakes in the business. EntryPoint Capital LLC bought a new position in shares of Kopin during the first quarter valued at $26,000. EverSource Wealth Advisors LLC purchased a new stake in shares of Kopin during the 1st quarter valued at about $37,000. JT Stratford LLC bought a new stake in shares of Kopin in the first quarter worth approximately $37,000. SG Americas Securities LLC purchased a new position in shares of Kopin during the first quarter valued at approximately $52,000. Finally, Quadrature Capital Ltd purchased a new position in shares of Kopin during the first quarter valued at approximately $67,000. 30.96% of the stock is currently owned by hedge funds and other institutional investors.

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.