During the last session, Kopin Corporation (NASDAQ:KOPN)’s traded shares were 10,172,453, with the beta value of the company hitting 2.38. At the end of the trading day, the stock’s price was $10.45, reflecting an intraday loss of -4.04% or -$0.44. The 52-week high for the KOPN share is $13.62, that puts it down -30.33% from that peak though still a striking +96.75% gain since the share price plummeted to a 52-week low of $0.34. The company’s market capitalization is $953.93 Million, and the average intraday trading volume over the past 10 days was 4.19 Million shares, and the average trade volume was 6.09 Million shares over the past three months.
Kopin Corporation (KOPN) received a consensus recommendation of Overweight from analysts. That translates to a mean rating of 2.3. KOPN has a Sell rating from none of the analyst(s) out of 3 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while none of them suggest Overweight, and 1 recommend a Buy rating for it. None of the analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.02.
Kopin Corporation (NASDAQ:KOPN): Trading Information
Kopin Corporation (KOPN) registered a -4.04% downside in the last session and has traded in the green over the past 5 sessions. The stock spiked 12.55% in intraday trading to $11.95 this Wednesday, Apr 07, hitting a weekly high. The stock’s 5-day price performance is 16.63%, and it has moved by 26.51% in 30 days. Based on these gigs, the overall price performance for the year is 330.04%. The short interest in Kopin Corporation (NASDAQ:KOPN) is 4.62 Million shares and it means that shorts have 0.76 day(s) to cover.
The consensus price target of analysts on Wall Street is $7.75, which implies a decline of -25.84% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3.5 and $12 respectively. As a result, KOPN is trading at a discount of 14.83% off the target high and -66.51% off the low.
Kopin Corporation (KOPN) projections and forecasts
Statistics show that Kopin Corporation has outperformed its competitors in share price, compared to the industry in which it operates. Kopin Corporation (KOPN) shares have gone up +674.07% during the last six months, with a year-to-date growth rate more than the industry average at 60% against 13.9%. Yet analysts are ramping up their growth forecast for the fiscal year 2021. Revenue is predicted to grow 50% this quarter and then fall -100% in the quarter after that. In the rating firms’ projections, revenue will increase 24.3% compared to the previous financial year.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 25.4%. While earnings are projected to return 85.4% in 2021, the next five years will return 20% per annum.
Kopin Corporation (NASDAQ:KOPN)’s Biggest Investors
Kopin Corporation insiders own 15.99% of total outstanding shares while institutional holders control 15.08%, with the float percentage being 17.95%. AWM Investment Company, Inc. is the largest shareholder of the company, while 80 institutions own stock in it. As of Dec 30, 2020, the company held over 5.53 Million shares (or 6.06% of all shares), a total value of $13.44 Million in shares.
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The next largest institutional holding, with 3.54 Million shares, is of Vanguard Group, Inc. (The)’s that is approximately 3.88% of outstanding shares. At the market price on Dec 30, 2020, these shares were valued at $8.6 Million.
Also, the Mutual Funds coming in first place with the largest holdings of Kopin Corporation (KOPN) shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. Data provided on Dec 30, 2020 indicates that Vanguard Total Stock Market Index Fund owns about 2,405,553 shares. This amounts to just over 2.64 percent of the company’s overall shares, with a $5.85 Million market value. The same data shows that the other fund manager holds slightly less at 1.03 Million, or about 1.13% of the stock, which is worth about $2.5 Million.