Kopin (NASDAQ:KOPN) Trading 14.2% Higher – What’s Next?

Kopin Corporation (NASDAQ:KOPN) shot up 14.2% on Wednesday . The stock traded as high as $3.37 and last traded at $3.2550. 1,817,624 shares were traded during trading, a decline of 40% from the average session volume of 3,024,858 shares. The stock had previously closed at $2.85.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on KOPN. Wall Street Zen cut Kopin from a “sell” rating to a “strong sell” rating in a research note on Saturday. Weiss Ratings reiterated a “sell (e+)” rating on shares of Kopin in a report on Thursday, January 22nd. Four research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, Kopin has an average rating of “Moderate Buy” and an average price target of $4.69.

Kopin Price Performance

The firm’s fifty day moving average price is $2.34 and its 200-day moving average price is $2.66. The company has a market capitalization of $575.93 million, a price-to-earnings ratio of 313.81 and a beta of 2.73.

Kopin (NASDAQ:KOPN) last announced its quarterly earnings results on Monday, April 13th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.06. The company had revenue of $8.37 million during the quarter, compared to the consensus estimate of $12.98 million. Kopin had a net margin of 6.63% and a return on equity of 8.53%. On average, research analysts predict that Kopin Corporation will post -0.03 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Michael Andrew Murray sold 96,800 shares of the stock in a transaction on Friday, April 17th. The stock was sold at an average price of $3.01, for a total value of $291,368.00. Following the completion of the sale, the chief executive officer directly owned 2,771,122 shares in the company, valued at $8,341,077.22. This represents a 3.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 347,920 shares of company stock valued at $1,007,776 in the last three months. Corporate insiders own 2.80% of the company’s stock.

Institutional Trading of Kopin

Institutional investors and hedge funds have recently bought and sold shares of the stock. Herald Investment Management Ltd grew its holdings in Kopin by 30.3% during the 3rd quarter. Herald Investment Management Ltd now owns 2,000,000 shares of the company’s stock worth $4,860,000 after acquiring an additional 465,000 shares during the period. Telemark Asset Management LLC grew its holdings in Kopin by 25.0% during the 3rd quarter. Telemark Asset Management LLC now owns 5,000,000 shares of the company’s stock worth $12,150,000 after acquiring an additional 1,000,000 shares during the period. Tudor Investment Corp ET AL acquired a new stake in Kopin during the 3rd quarter worth about $976,000. DNB Asset Management AS grew its holdings in Kopin by 144.1% during the 3rd quarter. DNB Asset Management AS now owns 579,945 shares of the company’s stock worth $1,409,000 after acquiring an additional 342,389 shares during the period. Finally, Wesbanco Bank Inc. acquired a new stake in Kopin during the 3rd quarter worth about $729,000. 30.96% of the stock is currently owned by institutional investors and hedge funds.

Kopin Company Profile

Kopin Corporation (NASDAQ: KOPN) is a technology company specializing in the development and manufacture of high-resolution microdisplays and optical components for wearable electronics. Headquartered in Westborough, Massachusetts, Kopin designs both liquid crystal on silicon (LCOS) and organic light-emitting diode (OLED) microdisplays, as well as complete display engines and optical modules tailored for use in augmented reality (AR), virtual reality (VR), industrial, medical, and defense applications.