Kopin (NASDAQ:KOPN) Trading Up 9.8% – Should You Buy?

Kopin Corporation (NASDAQ:KOPN)’s stock price was up 9.8% during mid-day trading on Friday . The company traded as high as $5.40 and last traded at $5.3030. Approximately 1,426,502 shares changed hands during mid-day trading, a decline of 75% from the average session volume of 5,596,794 shares. The stock had previously closed at $4.83.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Craig Hallum reaffirmed a “buy” rating and set a $10.00 target price on shares of Kopin in a research note on Tuesday, May 12th. Stifel Nicolaus boosted their price target on Kopin from $5.50 to $6.50 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Lake Street Capital increased their price target on Kopin from $5.00 to $7.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Weiss Ratings raised shares of Kopin from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday. Finally, Canaccord Genuity Group set a $6.50 price objective on shares of Kopin in a research note on Friday. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $7.20.

Kopin Price Performance

The firm has a fifty day simple moving average of $4.22 and a 200-day simple moving average of $3.57. The firm has a market cap of $975.88 million, a P/E ratio of 131.86 and a beta of 3.51.

Kopin (NASDAQ:KOPN) last released its quarterly earnings data on Tuesday, May 12th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The firm had revenue of $10.55 million for the quarter, compared to the consensus estimate of $9.96 million. Kopin had a net margin of 18.26% and a return on equity of 16.34%. On average, equities analysts predict that Kopin Corporation will post -0.02 earnings per share for the current year.

Institutional Trading of Kopin

Hedge funds have recently bought and sold shares of the business. EWA LLC bought a new stake in Kopin during the 4th quarter valued at $25,000. Prudential Financial Inc. acquired a new position in Kopin during the second quarter worth $25,000. Legal & General Group Plc bought a new position in shares of Kopin in the second quarter valued at $25,000. Cibc World Markets Corp bought a new position in shares of Kopin in the fourth quarter valued at $28,000. Finally, Principal Financial Group Inc. grew its holdings in shares of Kopin by 30.7% during the first quarter. Principal Financial Group Inc. now owns 13,815 shares of the company’s stock valued at $31,000 after buying an additional 3,243 shares during the last quarter. Institutional investors and hedge funds own 30.96% of the company’s stock.

About Kopin

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.