In the last trading session, 6,572,953 shares of the Kopin Corporation(NASDAQ:KOPN) were traded, and its beta was 2.43. Most recently the company’s share price was $10.74, and it changed around -$1.11 or -0.09% from the last close, which brings the market valuation of the company to $913.47 Million. KOPN currently trades at a discount to its 52-week high of $13.62, offering almost -26.82% off that amount. The share price’s 52-week low was $0.19, which indicates that the current value has risen by an impressive 98.23% since then. We note from Kopin Corporation’s average daily trading volume that its 10-day average is 9.16 Million shares, with the 3-month average coming to 4.04 Million.
Kopin Corporation stock received a consensus recommendation rating of Buy, based on a mean score of 1.5. If we narrow it down even further, the data shows that none out of 2 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, no body recommended KOPN as a Hold, whereas 2 deemed it a Buy, and no one rated it as Underweight. Kopin Corporation is expected to report earnings per share of -$0.01 for the current quarter.
Kopin Corporation (NASDAQ:KOPN): Trading Information
Although KOPN has showed a red trend with a performance of -9.37% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of $13.62 on Tuesday, Feb 16 increased the stock’s daily price by 21.15%. The company’s shares are currently up 3.42% year-to-date, but still down -0.0092 over the last five days. On the other hand, Kopin Corporation (NASDAQ:KOPN) is 1.4% up in the 30-day period. We can see from the shorts that 1.29 Million shares have been sold at a short interest cover period of 0.32 day(s).
The consensus price target as assigned by Wall Street analysts is $4.5, which translates to bears needing to reduce their stock price by -58.1% from its current value. Analyst projections state that KOPN is forecast to be at a low of $3.5 and a high of $5.5. In order for the stock price to hit the forecast high, the stock would need to surge -48.79% from its current level, while the stock would need to crash -67.41% from its current level to reach the projected low.
Kopin Corporation (KOPN) projections and forecasts
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of $9.33 Million in revenue for the current quarter. 1 analysts expect Kopin Corporation to make $8.27 Million in revenue for the quarter ending March 01, 2021. The company’s sales for the same quarter a year ago was $8.73 Million. Analysts predict that the company’s current quarter sales will jump, forecast at 6.9%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 4%. Kopin Corporation earnings are expected to increase by 22.1% in 2021, but the outlook is positive 20% per year for the next five years.
Kopin Corporation (NASDAQ:KOPN)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 18.48% of Kopin Corporation shares, and 18.83% of them are in the hands of institutional investors. The stock currently has a share float of 23.09%. Kopin Corporation stock is held by 59 institutions, with AWM Investment Company, Inc. being the largest institutional investor. By Sep 29, 2020, it held 6.53% of the shares, which is about 5.55 Million shares worth $7.66 Million.
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