Following The Money: Institution’s Growing Stake In Kopin Corp. (NASDAQ: KOPN)

Kopin Corp. (KOPN) concluded trading on Thursday at a closing price of $2.06, with 2.45 million shares of worth about $5.04 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 67.48% during that period and on March 21, 2024 the price saw a gain of about 6.19%. Currently the company’s common shares owned by public are about 112.25M shares, out of which, 110.01M shares are available for trading.

Stock saw a price change of -5.94% in past 5 days and over the past one month there was a price change of -12.34%. Year-to-date (YTD), KOPN shares are showing a performance of 1.48% which increased to 112.83% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.95 but also hit the highest price of $2.82 during that period. The average intraday trading volume for Kopin Corp. shares is 2.07 million. The stock is currently trading -12.04% below its 20-day simple moving average (SMA20), while that difference is down -9.31% for SMA50 and it goes to 15.74% higher than SMA200.

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Kopin Corp. (NASDAQ: KOPN) currently have 112.25M outstanding shares and institutions hold larger chunk of about 28.43% of that.

The stock has a current market capitalization of $243.97M and its 3Y-monthly beta is at 2.39. It has posted earnings per share of -$0.18 in the same period. It has Quick Ratio of 2.03 while making debt-to-equity ratio of 0.08. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for KOPN, volatility over the week remained 9.65% while standing at 6.99% over the month.

Analysts are in expectations that Kopin Corp. (KOPN) stock would likely to be making an EPS of -$0.04 in the current quarter, while forecast for next quarter EPS is -$0.03 and it is $0 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.04 which is -$0.04 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.02 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 38.89% while it is estimated to increase by 109.09% in next year. EPS is likely to grow at an annualized rate of 20.00% for next 5-years, compared to annual growth of 17.43% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Stifel on June 02, 2023 offering a Buy rating for the stock and assigned a target price of $3 to it. Coverage by H.C. Wainwright stated Kopin Corp. (KOPN) stock as a Buy in their note to investors on December 16, 2021, suggesting a price target of $6 for the stock. On March 03, 2021, H.C. Wainwright Downgrade their recommendations, while on August 25, 2020, H.C. Wainwright Initiated their ratings for the stock with a price target of $2. Stock get a Buy rating from Ladenburg Thalmann on February 04, 2019.

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