The price of Kopin Corporation (NASDAQ:KOPN) shares last traded on Wall Street fell -2.74% to $1.42.
Based on available information, 3 analysts follow Kopin Corporation (NASDAQ:KOPN). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $3.00 and a low of $3.00, we find $3.00. Given the previous closing price of $1.46, this indicates a potential upside of 105.48 percent. KOPN stock price is now -22.04% away from the 50-day moving average and -2.55% away from the 200-day moving average. The market capitalization of the company currently stands at $166.91M.
Among analysts, 0 rate the stock a hold while 3 rate it a buy. Brokers who have rated the stock have averaged $3.00 as their price target over the next twelve months.
With the price target of $3, Stifel recently initiated with Buy rating for Kopin Corporation (NASDAQ: KOPN).
In other news, FAN JOHN C C, Director bought 23,293 shares of the company’s stock on May 17. The stock was bought for $31,446 at an average price of $1.35. Upon completion of the transaction, the Director now directly owns 5,531,099 shares in the company, valued at $7.85 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 16, Director FAN JOHN C C bought 25,000 shares of the business’s stock. A total of $31,250 was incurred on buying the stock at an average price of $1.25. This leaves the insider owning 5,507,806 shares of the company worth $7.82 million. Insiders disposed of 209,300 shares of company stock worth roughly $0.3 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 EAM INVESTORS, LLC during the first quarter worth $824,000. QUADRATURE CAPITAL LTD invested $371,000 in shares of KOPN during the first quarter. In the first quarter, XTX TOPCO LTD acquired a new stake in Kopin Corporation valued at approximately $159,000. CUBIST SYSTEMATIC STRATEGIES, LLC acquired a new stake in KOPN for approximately $149,000. CAPTION MANAGEMENT, LLC purchased a new stake in KOPN valued at around $99,000 in the second quarter.
A candlestick chart of Kopin Corporation (NASDAQ: KOPN) showed a price of $1.4700 on Friday morning. During the past 12 months, Kopin Corporation has had a low of $0.94 and a high of $2.50. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 3.10, and a quick ratio of 2.60. The fifty day moving average price for KOPN is $1.8088 and a two-hundred day moving average price translates $1.4582 for the stock.
The latest earnings results from Kopin Corporation (NASDAQ: KOPN) was released for Jun, 2023. According to the Electronic Components Company, earnings per share came in at -$0.06, missing analysts’ expectations of -$0.02 by -0.04. This compares to -$0.06 EPS in the same period last year. The net profit margin was -49.60% and return on equity was -69.30% for KOPN. The company reported revenue of $10.46 million for the quarter, compared to $11.91 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -12.17 percent. For the current quarter, analysts expect KOPN to generate $10.03M in revenue.
Kopin Corporation(KOPN) 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 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.
