Kopin (NASDAQ:KOPN) Trading Up 9.9% – Still a Buy?

Kopin Corporation (NASDAQ:KOPN) shot up 9.9% on Thursday . The stock traded as high as $2.87 and last traded at $2.9020. 932,326 shares were traded during trading, a decline of 54% from the average session volume of 2,007,320 shares. The stock had previously closed at $2.64.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on KOPN shares. Canaccord Genuity Group raised their target price on Kopin from $3.00 to $3.25 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Wall Street Zen upgraded Kopin from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Stifel Nicolaus assumed coverage on Kopin in a research note on Friday, October 17th. They set a “buy” rating and a $5.50 target price on the stock. Craig Hallum began coverage on shares of Kopin in a research report on Wednesday, October 22nd. They issued a “buy” rating and a $6.00 price target for the company. Finally, Lake Street Capital raised their price target on shares of Kopin from $3.00 to $4.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Four research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $4.69.

Kopin Stock Up 12.7%

The stock has a market cap of $542.97 million, a P/E ratio of -73.88 and a beta of 2.70. The firm’s 50-day moving average is $2.58 and its two-hundred day moving average is $2.42.

Kopin (NASDAQ:KOPN) last posted its earnings results on Wednesday, November 12th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.03. The company had revenue of $11.96 million during the quarter, compared to the consensus estimate of $13.89 million. Kopin had a negative net margin of 13.81% and a negative return on equity of 30.97%. Analysts anticipate that Kopin Corporation will post -0.14 earnings per share for the current fiscal year.

Institutional Trading of Kopin

Several institutional investors have recently modified their holdings of KOPN. Prudential Financial Inc. acquired a new stake in shares of Kopin during the 2nd quarter valued at about $25,000. Legal & General Group Plc acquired a new stake in Kopin during the second quarter valued at approximately $25,000. O Connor Financial Group LLC acquired a new stake in Kopin during the second quarter valued at approximately $32,000. Bravias Capital Group LLC bought a new stake in shares of Kopin in the 3rd quarter valued at approximately $32,000. Finally, Russell Investments Group Ltd. acquired a new position in shares of Kopin in the 3rd quarter worth approximately $33,000. Institutional investors and hedge funds own 30.96% of the company’s stock.

About Kopin

Kopin Corporation (NASDAQ: KOPN) is a technology company specializing in the development and manufacture of high-resolution microdisplays and optical components for wearable electronics. Headquartered in Westborough, Massachusetts, Kopin designs both liquid crystal on silicon (LCOS) and organic light-emitting diode (OLED) microdisplays, as well as complete display engines and optical modules tailored for use in augmented reality (AR), virtual reality (VR), industrial, medical, and defense applications.