Kopin Corp. (NASDAQ:KOPN) shares traded -10.93% lower at $0.86 on Wall Street last session.
KOPN stock price is now -57.70% away from the 50-day moving average and -50.19% away from the 200-day moving average. The market capitalization of the company currently stands at $101.61M.
With the price target of $3, Stifel recently initiated with Buy rating for Kopin Corp. (NASDAQ: KOPN). On December 16, 2021, H.C. Wainwright Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock keeping its target price maintained at $6, while the H.C. Wainwright previously rated the stock as ‘Neutral’ on March 03, 2021.
In other news, FAN JOHN C C, Director bought 23,293 shares of the company’s stock on May 17 ’23. 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 $4.76 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 16 ’23, 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 $4.74 million. A total of 6.82% of the company’s stock is owned by insiders.
During the past 12 months, Kopin Corp. has had a low of $0.95 and a high of $2.82. As of last week, the company has a debt-to-equity ratio of 0.08, a current ratio of 2.51, and a quick ratio of 2.03.
The net profit margin was -48.89% and return on equity was -73.59% for KOPN. The company reported revenue of $8.58 million for the quarter, compared to $12.18 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -29.6 percent.
