Kopin Corporation, listed on NASDAQ as KOPN, has received a consensus recommendation of “Moderate Buy” from five brokerages currently covering the company, according to Marketbeat.com. This assessment reflects a mix of ratings, with one analyst issuing a sell rating while four others have assigned buy ratings. The average one-year price target for Kopin shares stands at approximately $4.69.
Recent Analyst Activity
A series of recent reports from equity research analysts shed light on Kopin’s stock performance. Notably, Lake Street Capital raised its price target for Kopin from $3.00 to $4.00 and confirmed a buy rating in a report published on November 13, 2023. Meanwhile, Stifel Nicolaus initiated coverage of Kopin on October 17, 2023, assigning a buy rating alongside a price objective of $5.50.
Additionally, Craig Hallum began coverage on October 22, 2023, with a buy rating and a price target of $6.00. In contrast, Weiss Ratings maintained a “sell (e+)” rating in a note released on October 8, 2023. Canaccord Genuity Group also increased their price objective from $3.00 to $3.25, affirming a buy rating on November 13, 2023.
Stock Performance and Financial Highlights
As of the latest trading session, Kopin stock opened at $2.72. The company has a market capitalization of $496.43 million and a price-to-earnings (P/E) ratio of -68.00. Over the past year, the stock has fluctuated significantly, reaching a 52-week low of $0.71 and a high of $4.16. The stock’s 50-day simple moving average is $2.60, while the 200-day simple moving average stands at $2.42.
Kopin Corporation recently reported its quarterly earnings on November 12, 2023. The company achieved earnings per share (EPS) of $0.02, surpassing analysts’ expectations, which had estimated an EPS of (-$0.01). Despite this positive news, Kopin reported revenue of $11.96 million, which fell short of the anticipated $13.89 million. The company continues to face challenges, as evidenced by a negative return on equity of 30.97% and a negative net margin of 13.81%.
Looking ahead, analysts forecast that Kopin will report a loss of $0.14 per share for the current fiscal year.
Founded in Westborough, Massachusetts, Kopin Corporation specializes in the development and manufacture of high-resolution microdisplays and optical components for wearable electronics. The company 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.
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