Kopin (NASDAQ:KOPN) Trading Up 9.9% – Should You Buy?

Kopin Corporation (NASDAQ:KOPN)’s stock price was up 9.9% during trading on Thursday . The company traded as high as $2.87 and last traded at $2.9020. Approximately 932,326 shares were traded during mid-day trading, a decline of 54% from the average daily volume of 2,007,320 shares. The stock had previously closed at $2.64.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on KOPN. Weiss Ratings reissued a “sell (e+)” rating on shares of Kopin in a research note on Wednesday, October 8th. Lake Street Capital increased their price objective on Kopin from $3.00 to $4.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Canaccord Genuity Group boosted their target price on shares of Kopin from $3.00 to $3.25 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Craig Hallum started coverage on shares of Kopin in a research note on Wednesday, October 22nd. They set a “buy” rating and a $6.00 price target on the stock. Finally, Stifel Nicolaus initiated coverage on shares of Kopin in a research note on Friday, October 17th. They issued a “buy” rating and a $5.50 price objective for the company. Four equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $4.69.

Kopin Stock Down 3.4%

The company has a market cap of $518.33 million, a price-to-earnings ratio of -71.00 and a beta of 2.70. The company has a fifty day simple moving average of $2.56 and a two-hundred day simple moving average of $2.43.

Kopin (NASDAQ:KOPN) last released its quarterly earnings data on Wednesday, November 12th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.03. Kopin had a negative net margin of 13.81% and a negative return on equity of 30.97%. The business had revenue of $11.96 million for the quarter, compared to analyst estimates of $13.89 million. On average, research analysts predict that Kopin Corporation will post -0.14 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Tudor Investment Corp ET AL purchased a new stake in Kopin in the 3rd quarter valued at approximately $976,000. CIBC Bancorp USA Inc. purchased a new stake in shares of Kopin in the third quarter valued at $41,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of Kopin by 73,450.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 17,652 shares of the company’s stock valued at $43,000 after acquiring an additional 17,628 shares during the last quarter. Militia Capital Partners LP acquired a new stake in shares of Kopin during the third quarter valued at $169,000. Finally, Millennium Management LLC increased its position in Kopin by 412.0% during the 3rd quarter. Millennium Management LLC now owns 486,439 shares of the company’s stock worth $1,182,000 after purchasing an additional 391,433 shares in the last quarter. 30.96% of the stock is currently owned by institutional investors and hedge funds.

Kopin Company Profile

Kopin Corporation (NASDAQ: KOPN) is a technology company specializing in the development and manufacture of high-resolution microdisplays and optical components for wearable electronics. Headquartered in Westborough, Massachusetts, Kopin designs both liquid crystal on silicon (LCOS) and organic light-emitting diode (OLED) microdisplays, as well as complete display engines and optical modules tailored for use in augmented reality (AR), virtual reality (VR), industrial, medical, and defense applications.