Kopin (NASDAQ:KOPN) Rating Reiterated by HC Wainwright

Kopin (NASDAQ:KOPN)‘s stock had its “buy” rating reaffirmed by HC Wainwright in a report released on Monday, Benzinga reports. They presently have a $3.00 target price on the stock. HC Wainwright’s price target would suggest a potential upside of 277.98% from the company’s previous close.

KOPN has been the topic of several other research reports. StockNews.com raised shares of Kopin from a “sell” rating to a “hold” rating in a research report on Tuesday, October 15th. Stifel Nicolaus dropped their price target 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.

Kopin Stock Performance

Shares of NASDAQ KOPN opened at $0.79 on Monday. Kopin has a fifty-two week low of $0.56 and a fifty-two week high of $2.82. The stock has a market cap of $94.00 million, a price-to-earnings ratio of -1.89 and a beta of 2.60. The firm’s 50-day simple moving average is $0.83 and its 200 day simple moving average is $0.89.

Kopin (NASDAQ:KOPN) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.01). Kopin had a negative net margin of 114.11% and a negative return on equity of 131.82%. The business had revenue of $12.34 million during the quarter, compared to the consensus estimate of $9.32 million. During the same period in the previous year, the business posted ($0.07) EPS. On average, sell-side analysts predict that Kopin will post -0.17 EPS for the current year.

Hedge Funds Weigh In On Kopin

Hedge funds have recently modified their holdings of the company. Staley Capital Advisers Inc. purchased a new stake in shares of Kopin during the 1st quarter worth approximately $32,000. SG Americas Securities LLC purchased a new position in Kopin in the 1st quarter valued at approximately $52,000. Texas Capital Bank Wealth Management Services Inc purchased a new position in Kopin in the 1st quarter valued at approximately $73,000. EntryPoint Capital LLC purchased a new position in Kopin in the 1st quarter valued at approximately $26,000. Finally, JT Stratford LLC purchased a new position in Kopin in the 1st quarter valued at approximately $37,000. 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.