The stock of Kopin Corporation (NASDAQ:KOPN) decreased by -$0.02 on Wednesday to $1.47, down -1.68 percent. The last five days have seen an average of 457,666 shares of common stock traded. 13 times new highs were reached in the current year, with a gain of $0.2200. The average number of shares traded over the last 20 days was 736,061, while the average volume over the last 50 days totaled 933,269.
KOPN stock dropped -23.70% since last month. On 08/25/23, the company’s shares reached a one-month low of $1.3200. The stock touched a high of $2.50 on 06/01/23, after rallying from a low of $0.94 in 52 weeks. The price of KOPN stock has risen by 18.15% or $0.2200 this year, reaching a new high 13 times. Still, the stock price is down -41.40% from the 52-week high.
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Insider Transactions
KOPN stock investors should be aware that Kopin Corporation (KOPN) stock had its last reported insider trading activity 105 days ago on May 17. On May 17, Director FAN JOHN C C acquired 23,293 shares at $1.35 each. This transaction resulted in the insider spending $31,446. On May 16, FAN JOHN C C added 25,000 shares at a price of US$1.25. After the transaction, the insider now owns 5,507,806 shares. Director BREWINGTON JAMES K had earlier bought 5,000 shares on May 16 for $1.35 a share. The transaction was completed for $6,750.
Valuation Metrics
Beta for the stock is 2.42. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 3.49, the price-to-book (PB) ratio of 3.57.
Financial Health
For the three months ended June 29, Kopin Corporation’s quick ratio was 3.40, while its current ratio was 4.00, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 32.60% percent. Kopin Corporation’s EBITDA margin for the year ended June 29 was -44.45%, whereas its operating margin stood at -46.80% for the same period. Based on annual data, it had gross profit of $14.84 million and revenue of $47.4 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. KOPN’s return on assets (ROA) during the last 12 months has been -37.10%. There was a -90.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -58.10%.
Earnings Surprise
According to Kopin Corporation’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $10.68 million, while revenues fell by -11.61% to $10.86 million. It was predicted that Kopin Corporation’s quarterly earnings would be -$0.06, but it ended up being -$0.02. EBITDA was -$4.67 million for the quarter. At the end of Kopin Corporation’s most recent quarter ended June 29, its liabilities totaled 19.44 million, while its total debt was $2.98 million. Equity owned by shareholders amounts to $114.3 million.
Technical Picture
Here’s a quick look at Kopin Corporation’s (KOPN) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 43.63%, suggesting the stock is Neutral, with a 55.98% historical volatility rate.
The stochastic %K and %D were 27.66% and 17.72% respectively, while the average true range (ATR) was 0.1120. Based on the 14-day stochastic reading of 36.84%, the RSI (14) reading is 40.56%. On the 9-day MACD Oscillator, the stock is at 0.0511.
Analyst Ratings
In its analyst report released on June 02, 2023, Stifel began covering Kopin Corporation (NASDAQ: KOPN). The stock was rated as a Buy by the brokerage firm. Analysts have assigned Kopin Corporation (KOPN) an Buy rating. KOPN is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 3 others recommend it as a buy.
What is KOPN’s price target for the next 12 months?
The current consensus forecast for the stock is between $3.00 and $3.00, with a median target price of $3.00. In analyzing these forecasts, the average price target given by analysts for Kopin Corporation (KOPN) is $3.00.
