Research Analysts Set Expectations for Kopin FY2024 Earnings

Kopin Co. (NASDAQ:KOPN) – Stock analysts at HC Wainwright raised their FY2024 earnings per share (EPS) estimates for Kopin in a report issued on Wednesday, November 13th. HC Wainwright analyst K. Dede now anticipates that the company will post earnings of ($0.14) per share for the year, up from their prior forecast of ($0.18). HC Wainwright currently has a “Buy” rating and a $3.00 price objective on the stock. The consensus estimate for Kopin’s current full-year earnings is ($0.17) per share. HC Wainwright also issued estimates for Kopin’s Q4 2024 earnings at ($0.02) EPS and FY2025 earnings at ($0.10) EPS.

Kopin (NASDAQ:KOPN) last announced its earnings results on Tuesday, November 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.02. Kopin had a negative return on equity of 165.86% and a negative net margin of 109.38%. The firm had revenue of $13.32 million during the quarter, compared to analysts’ expectations of $12.73 million. During the same quarter in the prior year, the business earned ($0.02) earnings per share.

Other research analysts have also issued research reports about the stock. Stifel Nicolaus cut their target price on shares of Kopin from $3.00 to $2.50 and set a “buy” rating for the company in a research report on Friday, August 9th. StockNews.com raised Kopin from a “sell” rating to a “hold” rating in a research report on Wednesday.

Kopin Trading Down 7.2 %

Shares of Kopin stock opened at $0.83 on Friday. The firm has a fifty day simple moving average of $0.78 and a 200-day simple moving average of $0.84. The stock has a market capitalization of $100.40 million, a price-to-earnings ratio of -2.02 and a beta of 2.60. Kopin has a 1-year low of $0.56 and a 1-year high of $2.82.

Institutional Trading of Kopin

A number of hedge funds have recently bought and sold shares of KOPN. EntryPoint Capital LLC acquired a new position in shares of Kopin during the first quarter valued at about $26,000. EverSource Wealth Advisors LLC bought a new stake in shares of Kopin in the 1st quarter worth approximately $37,000. JT Stratford LLC acquired a new stake in shares of Kopin during the 1st quarter worth approximately $37,000. SG Americas Securities LLC bought a new stake in shares of Kopin during the first quarter valued at approximately $52,000. Finally, Quadrature Capital Ltd acquired a new position in shares of Kopin in the first quarter valued at $67,000. 30.96% of the stock is owned by institutional investors.

About Kopin

Kopin Corporation, together with its subsidiaries, invents, develops, manufactures, and sells microdisplays, subassemblies, and related components for defense, enterprise, industrial, and consumer products in the United States, the Asia-Pacific, Europe, and internationally. It offers miniature active-matrix liquid crystal displays, liquid crystal on silicon displays/spatial light modulators, organic light emitting diode displays, microLED display technologies, application specific integrated circuits, backlights, and optical lenses; and head-mounted and hand-held VR products.