HC Wainwright reaffirmed their buy rating on shares of Kopin (NASDAQ:KOPN - Free Report) in a report published on Monday, Benzinga reports. The firm currently has a $3.00 price target on the stock.
KOPN has been the subject of several other reports. Stifel Nicolaus decreased 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. StockNews.com raised shares of Kopin from a "sell" rating to a "hold" rating in a research note on Tuesday, October 15th.
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Kopin Trading Up 3.9 %
Shares of KOPN stock traded up $0.03 during trading hours on Monday, hitting $0.78. The company's stock had a trading volume of 699,756 shares, compared to its average volume of 1,528,958. The company has a 50 day moving average of $0.84 and a 200 day moving average of $0.91. Kopin has a 12-month low of $0.56 and a 12-month high of $2.82. The stock has a market cap of $91.98 million, a PE ratio of -1.85 and a beta of 2.60.
Kopin (NASDAQ:KOPN - Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.01). Kopin had a negative return on equity of 131.82% and a negative net margin of 114.11%. The company had revenue of $12.34 million for the quarter, compared to analyst estimates of $9.32 million. During the same period last year, the business earned ($0.07) earnings per share. As a group, analysts anticipate that Kopin will post -0.17 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Kopin
Several institutional investors and hedge funds have recently added to or reduced their stakes in KOPN. Renaissance Technologies LLC grew its position in shares of Kopin by 494.4% in the second quarter. Renaissance Technologies LLC now owns 846,069 shares of the company's stock valued at $711,000 after purchasing an additional 703,740 shares during the period. Quadrature Capital Ltd purchased a new stake in shares of Kopin during the first quarter worth $67,000. EntryPoint Capital LLC acquired a new stake in shares of Kopin in the first quarter valued at about $26,000. EverSource Wealth Advisors LLC purchased a new position in shares of Kopin in the first quarter worth about $37,000. Finally, XTX Topco Ltd acquired a new position in Kopin during the second quarter worth about $32,000. Hedge funds and other institutional investors own 30.96% of the company's stock.
About Kopin
(
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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.
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