HC Wainwright & Co. maintained its Kopin [KOPN] rating to the equivalent of Buy but changed the price target to $3.5 from $2, in a research note dated 2021-01-11. That figure represents around a 23.67% premium from where the company’s shares closed on Friday. Some new analysts also started their coverage, with Ladenburg Thalmann’s analysts assigning the shares to “a Buy” rating in a research note to investors issued in early February. Meanwhile, Wunderlich had lowered its rating on KOPN to “Hold” from the earlier “Buy”, in a research note produced for clients August 03, 2016. In addition, there was an upgrade from Wunderlich on April 01, 2015. The rater changed KOPN from “a Hold” to “a Buy”.
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Is Kopin Corporation [NASDAQ:KOPN] a Good Buy Right Now?
It should be noted that KOPN technical indicators for short, intermediate as well as long term progress have placed an overall average of 100% as Buy. The average signal changed from 100% Buy in the last week and compares with 88% Buy in the past month. Data from Kopin Corporation’s Trend Spotter indicated that the signals were Strengthening. The stock current average is 2.57 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 1.42 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 0.95 million shares.
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KOPN Price Performance
On Wall Street, Kopin Corporation [NASDAQ:KOPN] finished Friday’s session down -4.07% at $2.83. The stock went up to $3.16 at the same session while its lowest single day price was $2.69. In the last five days, it saw a rise of about 16.46%, Kopin Corporation shares gained by almost 16.46% since the beginning of the year. However, the share price has dropped to as low as -12.92% below its one year high. On 01/08/21, the company shares recorded $3.16, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $2.33. The company’s shares have inclined by 502.26% in the past year. The 50-day SMA achieved is $1.83 while the 200-day SMA is $1.35. Volume dropped to 2.83 million from 4.86 million in the previous session.
KOPN Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 2.63 level, and in case of violation of this particular level, it will cause more drop to 2.42 level. On the upper level, 3.36 is still the key resistance. The stock may increase to the subsequent resistance at 3.10. The Relative Strength Index (RSI) pinned on the 14-day chart is 66.27, implying a neutral technical stance while the MACD stands at 0.20, meaning price will decrease in the next trading period. Percent R indicator moved to 27.81%, implying bullish price movement. Stochastic %K at 69.68% suggest selling the stock.
What is the short interest in Kopin Corporation?
Short interest in the Kopin Corporation stock has surged, increasing by 0.66 million shares to total 1.18 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 1.84 million, data from Yahoo Finance shows. The decrease of -55.93% suggests the stock saw some decreased bullish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 1.53% of the overall float for the stock.
Kopin Corporation’s Biggest Shareholders: Who Owns Kopin Corporation [KOPN]?
Filings by AWM Investment Co., Inc. showed that the firm now holds a total of 5,551,344 shares or roughly 6.53% of the outstanding KOPN shares. This means their shares have reduced by -128,813 from the 5,551,344 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, The Vanguard Group, Inc. updated stake is worth $6,165,456. Details in the latest 13F filings reveal that Millennium Management LLC disposed off their -10.88% stake valued at $3,726,600 while BlackRock Fund Advisors cut theirs at $2,479,042. During the last quarter, Millennium Management LLC liquidated -227,419 of its shares in Kopin Corporation while BlackRock Fund Advisors sold -94,866 shares. The Penbrook Management LLC’s holdings currently number 656,055 shares at $1856635.65. According to the firm’s last 13F report, The California Public Employees R shares in the company at filing stood at 569,072 shares, roughly $1,138,144.
KOPN Earnings Forecast For The Current Quarter
Kopin Corporation [KOPN] is expected to report strong earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $9.33M and an earnings per share of -$0.01 for Dec 2020. Looking further ahead, the company is expected to report revenue of $8.27M at an EPS of -$0.03 for Mar 2021. The estimates represent upside of 10.60% and -12.50% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
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KOPN Earnings Estimates For The Current Year
For the financial year, Kopin Corporation [NASDAQ:KOPN] is expected to bring in revenue of $35.53M. The returns are nearly $6.01 million higher than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at -0.08, higher than that of FY19 by $0.21. Estimates put this year’s earnings growth at 72.40%, -12.50% for the next, and at an annual 20.00% over the next 5-year period. As for sales, forecasts are for an increase of 20.40% in the current fiscal year and a further 10.60% over the following year.