Kopin Corporation (NASDAQ:KOPN) has a beta value of 2.22 and has seen 2,307,326 shares traded in the last trading session. The company, currently valued at $750.39 Million, closed the last trade at $8.22 per share which meant it lost -$0.42 on the day or -4.86% during that session. The KOPN stock price is -65.69% off its 52-week high price of $13.62 and 95.86% above the 52-week low of $0.34. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.81 Million shares traded. The 3-month trading volume is 6.04 Million shares.
The consensus among analysts is that Kopin Corporation (KOPN) is an Overweight stock at the moment, with a recommendation rating of 2.3. None of the analysts rate the stock as a Sell, while none rate it as Overweight. 2 out of 3 have rated it as a Hold, with 1 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.02.
Kopin Corporation (NASDAQ:KOPN) trade information
Despite being -4.86% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Apr 27 when the KOPN stock price touched $9.61-1 or saw a rise of 14.46%. Year-to-date, Kopin Corporation shares have moved 238.27%, while the 5-day performance has seen it change -2.84%. Over the past 30 days, the shares of Kopin Corporation (NASDAQ:KOPN) have changed -8.26%. Short interest in the company has seen 4.23 Million shares shorted with days to cover at 0.7.
Wall Street analysts have a consensus price target for the stock at $12, which means that the shares’ value could jump 45.99% from current levels. The projected low price target is $12 while the price target rests at a high of $12. In that case, then, we find that the current price level is +45.99% off the targeted high while a plunge would see the stock lose 45.99% from current levels.
Kopin Corporation (KOPN) estimates and forecasts
Figures show that Kopin Corporation shares have underperformed across the wider relevant industry. The company’s shares have gained +573.77% over the past 6 months, with this year growth rate of -60%, compared to 15% for the industry. Other than that, the company has, however Increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 50% and -100% for the next quarter. Revenue growth from the last financial year stood is estimated to be +24.3%.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +25.4% over the past 5 years. Earnings growth for 2021 is a modest +85.4% while over the next 5 years, the company’s earnings are expected to increase by 20%.
Kopin Corporation (NASDAQ:KOPN)’s Major holders
Insiders own 15.76% of the company shares, while shares held by institutions stand at 15.23% with a share float percentage of 18.08%. Investors are also buoyed by the number of investors in a company, with Kopin Corporation having a total of 87 institutions that hold shares in the company. The top two institutional holders are AWM Investment Company Inc. with over 5.53 Million shares worth more than $13.44 Million. As of December 30, 2020, AWM Investment Company Inc. held 6.06% of shares outstanding.
The other major institutional holder is Vanguard Group Inc. (The), with the holding of over 3.54 Million shares as of December 30, 2020. The firm’s total holdings are worth over $8.6 Million and represent 3.88% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and SPDR (R) Ser Tr-SPDR (R) S&P (R) Semiconductor ETF. As of December 30, 2020, the former fund manager holds about 2.64% shares in the company for having 2405553 shares of worth $5.85 Million while later fund manager owns 2.27 Million shares of worth $23.85 Million as of March 30, 2021, which makes it owner of about 2.49% of company’s outstanding stock.