HC Wainwright Reaffirms “Buy” Rating for Kopin (NASDAQ:KOPN)

HC Wainwright reaffirmed their buy rating on shares of Kopin (NASDAQ:KOPN) in a research note published on Wednesday morning, Benzinga reports. The firm currently has a $3.00 price objective on the stock. HC Wainwright also issued estimates for Kopin’s FY2024 earnings at ($0.18) EPS and FY2025 earnings at ($0.16) EPS.

Separately, StockNews.com upgraded shares of Kopin to a sell rating in a research note on Friday, April 26th.

Kopin Trading Down 1.8 %

Shares of KOPN stock opened at $0.82 on Wednesday. The company’s fifty day moving average price is $1.43 and its 200-day moving average price is $1.76. The stock has a market cap of $96.84 million, a PE ratio of -1.95 and a beta of 2.56. Kopin has a 12 month low of $0.67 and a 12 month high of $2.82.

Kopin (NASDAQ:KOPN) last posted its quarterly earnings data on Tuesday, May 14th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.01). The business had revenue of $10.03 million for the quarter, compared to the consensus estimate of $8.96 million. Kopin had a negative return on equity of 94.96% and a negative net margin of 125.20%. During the same period in the previous year, the firm earned ($0.03) EPS. On average, sell-side analysts forecast that Kopin will post -0.12 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Kopin

Several large investors have recently bought and sold shares of the business. Silverberg Bernstein Capital Management LLC bought a new position in Kopin during the fourth quarter valued at approximately $1,297,000. Weybosset Research & Management LLC lifted its holdings in shares of Kopin by 18.0% during the 4th quarter. Weybosset Research & Management LLC now owns 239,383 shares of the company’s stock valued at $486,000 after buying an additional 36,527 shares during the period. Citigroup Inc. purchased a new position in shares of Kopin in the 3rd quarter worth $271,000. Barclays PLC bought a new stake in shares of Kopin in the third quarter worth $93,000. Finally, Lokken Investment Group LLC lifted its holdings in Kopin by 250.0% in the fourth quarter. Lokken Investment Group LLC now owns 70,000 shares of the company’s stock valued at $142,000 after acquiring an additional 50,000 shares during the period. 30.96% of the stock is currently owned by institutional investors.

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.