In the latest trading session, 1.24 million Kopin Corp (NASDAQ:KOPN) shares changed hands as the company’s beta touched 2.71. With the company’s most recent per share price at $1.15 changed hands at -$0.1 or -8.12% at last look, the market valuation stands at $182.38M. KOPN’s current price is a discount, trading about -145.22% off its 52-week high of $2.82. The share price had its 52-week low at $0.56, which suggests the last value was 51.3% up since then. When we look at Kopin Corp’s average trading volume, we note the 10-day average is 2.58 million shares, with the 3-month average coming to 1.48 million.
Analysts gave the Kopin Corp (KOPN) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended KOPN as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Kopin Corp’s EPS for the current quarter is expected to be -0.01.
Kopin Corp (NASDAQ:KOPN) trade information
Instantly KOPN was in red as seen in intraday trades today. With action -21.87%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -15.55%, with the 5-day performance at -21.87% in the red. However, in the 30-day time frame, Kopin Corp (NASDAQ:KOPN) is 1.64% up. Looking at the short shares, we see there were 2.2 million shares sold at short interest cover period of 3.16 days.
The consensus price target for the stock as assigned by Wall Street analysts is 2, meaning bulls need an upside of 42.5% from its recent market value. According to analyst projections, KOPN’s forecast low is 2 with 2 as the target high. To hit the forecast high, the stock’s price needs a -73.91% plunge from its current level, while the stock would need to soar -73.91% for it to hit the projected low.
Kopin Corp (KOPN) estimates and forecasts
Data shows that the Kopin Corp share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 5.37% over the past 6 months, a -94.44% in annual growth rate that is considerably lower than the industry average of 5.90%. Year-over-year growth is forecast to reach 19.03% up from the last financial year.
Consensus estimates given by 5 financial analysts project the company’s revenue in the current quarter to hit an average of 12.48M. 2 analysts are of the opinion that Kopin Corp’s revenue for the current quarter will be 12.3M. The company’s revenue for the corresponding quarters a year ago was 8.58M and 10.03M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 45.46%. The estimates for the next quarter sales put growth at 22.58%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 17.43%. The 2025 estimates are for Kopin Corp earnings to decrease by -85.56%.
KOPN Dividends
Kopin Corp is expected to release its next quarterly earnings report in February.
Kopin Corp (NASDAQ:KOPN)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 8.64% of Kopin Corp shares while 19.02% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 20.82%. There are 19.02% institutions holding the Kopin Corp stock share, with AWM INVESTMENT COMPANY, INC. the top institutional holder. As of 2024-06-30, the company held 4.4447% of the shares, roughly 5.34 million KOPN shares worth $4.48 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 4.3436% or 5.22 million shares worth $4.38 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and Royce Small-Cap Opportunity Fund. With 3.42 shares estimated at $3.91 million under it, the former controlled 2.15% of total outstanding shares. On the other hand, Royce Small-Cap Opportunity Fund held about 1.70% of the shares, roughly 2.7 shares worth around $3.09 million.
