FY2024 Earnings Forecast for Kopin Issued By HC Wainwright

Kopin Co. (NASDAQ:KOPN) – Research analysts at HC Wainwright lifted their FY2024 earnings estimates for Kopin in a report issued on Wednesday, November 13th. HC Wainwright analyst K. Dede now expects that the company will post earnings per share of ($0.14) for the year, up from their prior forecast of ($0.18). HC Wainwright has a “Buy” rating and a $3.00 price objective on the stock. The consensus estimate for Kopin’s current full-year earnings is ($0.17) per share. HC Wainwright also issued estimates for Kopin’s Q4 2024 earnings at ($0.02) EPS and FY2025 earnings at ($0.10) EPS.

Kopin (NASDAQ:KOPN) last posted its earnings results on Tuesday, November 12th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.02. Kopin had a negative return on equity of 165.86% and a negative net margin of 109.38%. The business had revenue of $13.32 million during the quarter, compared to the consensus estimate of $12.73 million. During the same quarter last year, the company earned ($0.02) EPS.

A number of other brokerages have also recently issued reports on KOPN. Stifel Nicolaus dropped their target price on shares of Kopin from $3.00 to $2.50 and set a “buy” rating for the company in a research report on Friday, August 9th. StockNews.com upgraded Kopin from a “sell” rating to a “hold” rating in a research note on Wednesday.

Kopin Stock Performance

Shares of NASDAQ KOPN opened at $0.83 on Friday. Kopin has a 52-week low of $0.56 and a 52-week high of $2.82. The business has a fifty day moving average of $0.78 and a two-hundred day moving average of $0.84. The stock has a market cap of $100.40 million, a PE ratio of -2.02 and a beta of 2.60.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. EntryPoint Capital LLC bought a new stake in shares of Kopin during the first quarter worth $26,000. EverSource Wealth Advisors LLC acquired a new stake in Kopin in the first quarter worth about $37,000. JT Stratford LLC bought a new stake in Kopin during the 1st quarter worth about $37,000. SG Americas Securities LLC acquired a new position in Kopin during the 1st quarter valued at about $52,000. Finally, Quadrature Capital Ltd acquired a new position in Kopin during the 1st quarter valued at about $67,000. 30.96% of the stock is currently owned by 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.