Canaccord Genuity Group Forecasts Strong Price Appreciation for Kopin (NASDAQ:KOPN) Stock

Kopin (NASDAQ:KOPN - Get Free Report) had its target price hoisted by equities research analysts at Canaccord Genuity Group from $2.00 to $2.50 in a report released on Wednesday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Canaccord Genuity Group's price target points to a potential upside of 43.68% from the stock's current price.

KOPN has been the subject of a number of other reports. StockNews.com lowered shares of Kopin from a "hold" rating to a "sell" rating in a report on Saturday, December 21st. HC Wainwright restated a "buy" rating and set a $3.00 price objective on shares of Kopin in a research note on Wednesday, November 13th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $2.63.

Kopin Stock Up 3.0 %

Shares of NASDAQ KOPN traded up $0.05 during mid-day trading on Wednesday, hitting $1.74. 5,368,163 shares of the company were exchanged, compared to its average volume of 9,386,462. Kopin has a 1-year low of $0.56 and a 1-year high of $2.82. The stock has a 50 day simple moving average of $1.33 and a 200-day simple moving average of $1.03. The firm has a market cap of $276.31 million, a price-to-earnings ratio of -4.24 and a beta of 2.71.

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Kopin (NASDAQ:KOPN - Get Free Report) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.02. The firm had revenue of $13.32 million during 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) earnings per share. Analysts anticipate that Kopin will post -0.14 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. O Connor Financial Group LLC acquired a new position in Kopin in the 4th quarter worth approximately $28,000. XTX Topco Ltd acquired a new stake in shares of Kopin in the second quarter worth $32,000. Penbrook Management LLC purchased a new position in shares of Kopin during the fourth quarter valued at $66,000. FMR LLC lifted its stake in Kopin by 101,059.6% in the 3rd quarter. FMR LLC now owns 57,661 shares of the company's stock worth $42,000 after acquiring an additional 57,604 shares in the last quarter. Finally, Affinity Capital Advisors LLC acquired a new stake in Kopin during the 3rd quarter worth about $54,000. 30.96% of the stock is currently owned by institutional investors and hedge funds.

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.