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.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
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.
