During the last session, Kopin Corporation (NASDAQ:KOPN)’s traded shares were 1.25 million, with the beta value of the company hitting 2.31. At the end of the trading day, the stock’s price was $1.44, reflecting an intraday loss of -3.36% or -$0.05. The 52-week high for the KOPN share is $7.02, that puts it down -387.5 from that peak though still a striking 29.17% gain since the share price plummeted to a 52-week low of $1.02. The company’s market capitalization is $126.35M, and the average intraday trading volume over the past 10 days was 1.1 million shares, and the average trade volume was 1.32 million shares over the past three months.
Kopin Corporation (KOPN) received a consensus recommendation of a Buy from analysts. That translates to a mean rating of 2.00. KOPN has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.03.
Kopin Corporation (NASDAQ:KOPN) trade information
Kopin Corporation (KOPN) registered a -3.36% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -3.36% in intraday trading to $1.44 this Thursday, 08/04/22, hitting a weekly high. The stock’s 5-day price performance is -16.28%, and it has moved by 22.03% in 30 days. Based on these gigs, the overall price performance for the year is -74.38%. The short interest in Kopin Corporation (NASDAQ:KOPN) is 2.92 million shares and it means that shorts have 1.71 day(s) to cover.
The consensus price target of analysts on Wall Street is $5.00, which implies an increase of 71.2% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $4.00 and $6.00 respectively. As a result, KOPN is trading at a discount of -316.67% off the target high and -177.78% off the low.
Kopin Corporation (KOPN) estimates and forecasts
Statistics show that Kopin Corporation has underperformed its competitors in share price, compared to the industry in which it operates. Kopin Corporation (KOPN) shares have gone down -49.65% during the last six months, with a year-to-date growth rate less than the industry average at -18.18% against 15.60. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to grow 25.00% this quarter and then drop -100.00% in the quarter after that. In the rating firms’ projections, revenue will increase 6.70% compared to the previous financial year.
Revenue for the current quarter is expected to be $12.56 million as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to $11.63 million by the end of Sep 2022.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 16.20%. While earnings are projected to return -182.00% in 2022, the next five years will return 20.00% per annum.
Kopin Corporation is due to release its next quarterly earnings between May 02 and May 06. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Kopin Corporation (NASDAQ:KOPN)’s Major holders
Kopin Corporation insiders own 11.56% of total outstanding shares while institutional holders control 30.13%, with the float percentage being 34.08%. Blackrock Inc. is the largest shareholder of the company, while 133 institutions own stock in it. As of Mar 30, 2022, the company held over 4.88 million shares (or 5.31% of all shares), a total value of $12.36 million in shares.
The next largest institutional holding, with 3.95 million shares, is of Vanguard Group, Inc. (The)’s that is approximately 4.29% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $9.98 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 Mar 30, 2022 indicates that Vanguard Total Stock Market Index Fund owns about 2.33 million shares. This amounts to just over 2.53 percent of the company’s overall shares, with a $5.89 million market value. The same data shows that the other fund manager holds slightly less at 1.07 million, or about 1.16% of the stock, which is worth about $2.7 million.