Stocks of Kopin Corporation (NASDAQ:KOPN) traded higher last session on Wall Street, down -4.72% to $1.01.
According to the data, Kopin Corporation (NASDAQ:KOPN) has 3 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $6.00 and a low of $3.00, we find $4.50. Given the previous closing price of $1.06, this indicates a potential upside of 324.53 percent. KOPN stock price is now -21.46% away from the 50-day moving average and -22.33% away from the 200-day moving average. The market capitalization of the company currently stands at $114.34M.
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A total of 1 analysts have issued a hold rating and 2 have given it a buy rating. Brokers who have rated the stock have averaged $4.50 as their price target over the next twelve months.
With the price target maintained at $6, H.C. Wainwright recently Upgraded its rating from Neutral to Buy for Kopin Corporation (NASDAQ: KOPN)., while ‘Ladenburg Thalmann’ rates the stock as ‘Buy’.
In other news, Murray Michael Andrew, CEO bought 24,000 shares of the company’s stock on Nov 16. The stock was bought for $31,680 at an average price of $1.32. Upon completion of the transaction, the CEO now directly owns 850,633 shares in the company, valued at $0.86 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 10, CEO Murray Michael Andrew bought 10,000 shares of the business’s stock. A total of $10,600 was incurred on buying the stock at an average price of $1.06. This leaves the insider owning 826,633 shares of the company worth $0.83 million. Insiders disposed of 154,100 shares of company stock worth roughly $0.16 million over the past 1 year. A total of 0.90% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in KOPN stock. A new stake in Kopin Corporation shares was purchased by ARCHON CAPITAL MANAGEMENT LLC during the first quarter worth $363,000. LEGATO CAPITAL MANAGEMENT LLC invested $329,000 in shares of KOPN during the first quarter. In the first quarter, JANE STREET GROUP, LLC acquired a new stake in Kopin Corporation valued at approximately $41,000. ACADIAN ASSET MANAGEMENT LLC acquired a new stake in KOPN for approximately $20,000. ENGINEERS GATE MANAGER LP purchased a new stake in KOPN valued at around $13,000 in the second quarter. In total, there are 95 active investors with 18.30% ownership of the company’s stock.
Tuesday’s opening bell rang with an opening price of $1.0500 for Kopin Corporation (NASDAQ: KOPN). During the past 12 months, Kopin Corporation has had a low of $0.96 and a high of $2.88. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 2.40, and a quick ratio of 2.00. The fifty day moving average price for KOPN is $1.2838 and a two-hundred day moving average price translates $1.2997 for the stock.
The latest earnings results from Kopin Corporation (NASDAQ: KOPN) was released for Sep, 2022. According to the Electronic Components Company, earnings per share came in at -$0.04, inline with analysts’ expectations of -$0.04. This compares to -$0.02 EPS in the same period last year. The net profit margin was -34.00% and return on equity was -45.60% for KOPN. The company reported revenue of $11.73 million for the quarter, compared to $10.89 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.73 percent. For the current quarter, analysts expect KOPN to generate $11.18M in revenue.
Kopin Corporation(KOPN) Company Profile
Kopin Corporation, together with its subsidiaries, invents, develops, manufactures, and sells microdisplays, subassemblies, head-mounted and hand-held systems, 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, application specific integrated circuits, backlights, and optical lenses; and headset systems. The company’s products are used in soldier, avionic, armored vehicle and training, and simulation defense applications; industrial, public safety, and medical headsets; 3D optical inspection systems; and consumer augmented reality and virtual reality wearable headsets systems. Kopin Corporation was incorporated in 1984 and is headquartered in Westborough, Massachusetts.
