HC Wainwright Has Strong Estimate for Kopin FY2024 Earnings

Kopin Co. (NASDAQ:KOPN) – Analysts at HC Wainwright upped their FY2024 earnings estimates for Kopin in a report released on Wednesday, November 13th. HC Wainwright analyst K. Dede now anticipates that the company will post earnings of ($0.14) per share for the year, up from their previous forecast of ($0.18). HC Wainwright currently has a “Buy” rating and a $3.00 price target 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) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.02. The firm had revenue of $13.32 million for the quarter, compared to the consensus estimate of $12.73 million. Kopin had a negative return on equity of 165.86% and a negative net margin of 109.38%. During the same quarter in the prior year, the business earned ($0.02) EPS.

Other analysts also recently issued reports about the stock. Stifel Nicolaus reduced their target price 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 upgraded shares of Kopin from a “sell” rating to a “hold” rating in a report on Wednesday.

Kopin Stock Down 7.2 %

Shares of KOPN stock opened at $0.83 on Friday. The business’s fifty day moving average is $0.78 and its 200 day moving average is $0.84. The stock has a market cap of $100.40 million, a price-to-earnings ratio of -2.02 and a beta of 2.60. Kopin has a twelve month low of $0.56 and a twelve month high of $2.82.

Hedge Funds Weigh In On Kopin

Several institutional investors and hedge funds have recently modified their holdings of KOPN. Royce & Associates LP lifted its stake in shares of Kopin by 485.4% in the third quarter. Royce & Associates LP now owns 6,693,294 shares of the company’s stock worth $4,886,000 after buying an additional 5,550,000 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Kopin by 494.4% in the 2nd quarter. Renaissance Technologies LLC now owns 846,069 shares of the company’s stock worth $711,000 after acquiring an additional 703,740 shares during the last quarter. Stifel Financial Corp lifted its position in Kopin by 303.7% in the 3rd quarter. Stifel Financial Corp now owns 626,413 shares of the company’s stock valued at $457,000 after acquiring an additional 471,258 shares in the last quarter. Affinity Capital Advisors LLC bought a new stake in shares of Kopin in the 3rd quarter worth $54,000. Finally, Virtu Financial LLC increased its holdings in shares of Kopin by 329.4% in the 1st quarter. Virtu Financial LLC now owns 77,916 shares of the company’s stock worth $140,000 after purchasing an additional 59,770 shares in the last quarter. 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.