Research Analysts Set Expectations for Kopin FY2024 Earnings

Kopin Co. (NASDAQ:KOPN - Free Report) - Equities researchers at HC Wainwright boosted their FY2024 earnings estimates for Kopin in a report released on Wednesday, November 13th. HC Wainwright analyst K. Dede now expects that the company will earn ($0.14) per share for the year, up from their prior forecast of ($0.18). HC Wainwright currently has a "Buy" rating and a $3.00 target price on the stock. The consensus estimate for Kopin's current full-year earnings is ($0.17) per share. HC Wainwright also issued estimates for Kopin's Q4 2024 earnings at ($0.02) EPS and FY2025 earnings at ($0.10) EPS.

A number of other equities research analysts have also issued reports on the stock. StockNews.com raised shares of Kopin from a "sell" rating to a "hold" rating in a report on Wednesday. Stifel Nicolaus lowered their target price on shares of Kopin from $3.00 to $2.50 and set a "buy" rating for the company in a research note on Friday, August 9th.

Kopin Price Performance

Shares of KOPN traded down $0.06 during mid-day trading on Friday, reaching $0.83. The stock had a trading volume of 661,452 shares, compared to its average volume of 1,488,653. Kopin has a 52-week low of $0.56 and a 52-week high of $2.82. The business's fifty day moving average is $0.78 and its 200 day moving average is $0.84. The firm has a market cap of $100.40 million, a price-to-earnings ratio of -2.02 and a beta of 2.60.

Kopin (NASDAQ:KOPN - Get Free Report) last announced its quarterly earnings data on Tuesday, November 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating 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 quarter in the prior year, the firm posted ($0.02) earnings per share.

Institutional Trading of Kopin

Hedge funds have recently made changes to their positions in the business. EntryPoint Capital LLC acquired a new stake in shares of Kopin during the first quarter worth about $26,000. XTX Topco Ltd acquired a new stake in shares of Kopin during the second quarter worth about $32,000. EverSource Wealth Advisors LLC acquired a new stake in shares of Kopin during the first quarter worth about $37,000. JT Stratford LLC acquired a new stake in shares of Kopin during the first quarter worth about $37,000. Finally, FMR LLC lifted its position in shares of Kopin by 101,059.6% during the third quarter. FMR LLC now owns 57,661 shares of the company's stock worth $42,000 after purchasing an additional 57,604 shares in the last quarter. Institutional investors and hedge funds 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.