Kopin (NASDAQ:KOPN) Given “Buy” Rating at HC Wainwright

HC Wainwright reissued their buy rating on shares of Kopin (NASDAQ:KOPN) in a research note published on Wednesday,Benzinga reports. The firm currently has a $3.00 price target on the stock. HC Wainwright also issued estimates for Kopin’s Q4 2024 earnings at ($0.02) EPS, FY2024 earnings at ($0.14) EPS and FY2025 earnings at ($0.10) EPS.

Several other equities research analysts have also commented on KOPN. StockNews.com lowered Kopin from a “hold” rating to a “sell” rating in a research note on Wednesday, October 23rd. Stifel Nicolaus cut their price target on Kopin from $3.00 to $2.50 and set a “buy” rating for the company in a report on Friday, August 9th.

Kopin Stock Performance

Shares of NASDAQ:KOPN opened at $0.83 on Wednesday. The stock’s 50-day simple moving average is $0.78 and its two-hundred day simple moving average is $0.84. The stock has a market capitalization of $100.40 million, a price-to-earnings ratio of -2.02 and a beta of 2.60. Kopin has a 52-week low of $0.56 and a 52-week high of $2.82.

Kopin (NASDAQ:KOPN) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.02. Kopin had a negative net margin of 109.38% and a negative return on equity of 165.86%. The company had revenue of $13.32 million for the quarter, compared to the consensus estimate of $12.73 million. During the same quarter last year, the firm posted ($0.02) earnings per share. As a group, equities analysts forecast that Kopin will post -0.17 earnings per share for the current fiscal year.

Institutional Trading of Kopin

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Royce & Associates LP lifted its stake in shares of Kopin by 485.4% during the 3rd quarter. Royce & Associates LP now owns 6,693,294 shares of the company’s stock valued at $4,886,000 after buying an additional 5,550,000 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Kopin by 494.4% during the second quarter. Renaissance Technologies LLC now owns 846,069 shares of the company’s stock valued at $711,000 after acquiring an additional 703,740 shares during the period. Stifel Financial Corp lifted its position in shares of Kopin by 303.7% in the third quarter. Stifel Financial Corp now owns 626,413 shares of the company’s stock valued at $457,000 after acquiring an additional 471,258 shares in the last quarter. Affinity Capital Advisors LLC bought a new position in shares of Kopin in the third quarter worth about $54,000. Finally, Virtu Financial LLC grew its position in shares of Kopin by 329.4% during the first quarter. Virtu Financial LLC now owns 77,916 shares of the company’s stock worth $140,000 after purchasing an additional 59,770 shares in the last quarter. 30.96% of the stock is owned by hedge funds and other institutional investors.

About Kopin

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.