There Is Clear Momentum For Kopin Corp (NASDAQ: KOPN)

Kopin Corp (KOPN) concluded trading on Thursday at a closing price of $1.33, with 4.03 million shares of worth about $5.37 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 94.16% during that period and on December 19, 2024 the price saw a gain of about 1.53%. Currently the company’s common shares owned by public are about 153.18M shares, out of which, 149.37M shares are available for trading.

Stock saw a price change of 26.67% in past 5 days and over the past one month there was a price change of 57.38%. Year-to-date (YTD), KOPN shares are showing a performance of -34.48% which decreased to -18.90% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.56 but also hit the highest price of $2.82 during that period. The average intraday trading volume for Kopin Corp shares is 1.48 million. The stock is currently trading 15.74% above its 20-day simple moving average (SMA20), while that difference is up 42.33% for SMA50 and it goes to 29.66% higher than SMA200.

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Kopin Corp (NASDAQ: KOPN) currently have 153.18M outstanding shares and institutions hold larger chunk of about 26.67% of that.

The stock has a current market capitalization of $211.21M and its 3Y-monthly beta is at 2.71. It has posted earnings per share of -$0.41 in the same period. It has Quick Ratio of 1.28 while making debt-to-equity ratio of 0.10. 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 11.18% while standing at 10.97% over the month.

Stock’s fiscal year EPS is expected to drop by -90.28% while it is estimated to increase by 83.94% 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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