Kopin (NASDAQ:KOPN) Given Buy Rating at HC Wainwright

Kopin (NASDAQ:KOPN)‘s stock had its “buy” rating reaffirmed by HC Wainwright in a report issued on Wednesday,Benzinga reports. They presently have a $3.00 target price on the stock. HC Wainwright’s target price indicates a potential upside of 235.95% from the company’s previous close.

A number of other research analysts also recently issued reports on KOPN. Stifel Nicolaus cut their price objective on shares of Kopin from $3.00 to $2.50 and set a “buy” rating on the stock in a research report on Friday, August 9th. StockNews.com downgraded shares of Kopin from a “hold” rating to a “sell” rating in a research report on Wednesday, October 23rd.

Kopin Stock Up 1.7 %

Shares of Kopin stock opened at $0.89 on Wednesday. The firm’s 50 day moving average price is $0.78 and its 200-day moving average price is $0.84. Kopin has a 52-week low of $0.56 and a 52-week high of $2.82. The company has a market cap of $108.18 million, a P/E ratio of -2.20 and a beta of 2.60.

Kopin (NASDAQ:KOPN) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.02. Kopin had a negative net margin of 109.38% and a negative return on equity of 165.86%. The firm had revenue of $13.32 million for the quarter, compared to the consensus estimate of $12.73 million. During the same quarter in the previous year, the firm earned ($0.02) EPS. As a group, equities research analysts forecast that Kopin will post -0.17 EPS for the current fiscal year.

Institutional Trading of Kopin

Several large investors have recently bought and sold shares of the stock. EntryPoint Capital LLC acquired a new stake in Kopin during the 1st quarter valued at approximately $26,000. EverSource Wealth Advisors LLC acquired a new stake in Kopin during the 1st quarter valued at approximately $37,000. JT Stratford LLC acquired a new stake in Kopin during the 1st quarter valued at approximately $37,000. SG Americas Securities LLC acquired a new stake in Kopin during the 1st quarter valued at approximately $52,000. Finally, Quadrature Capital Ltd acquired a new stake in Kopin during the 1st quarter valued at approximately $67,000. Hedge funds and other institutional investors own 30.96% of the company’s stock.

Kopin Company Profile

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.