Kopin Corp (NASDAQ:KOPN) price on current trading day, fall -2.17% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $1.35.
A look at the stock’s price movement, the level at last check in today’s session was $1.38, moving within a range at $1.33 and $1.38. The beta value (5-Year monthly) was 2.728. Turning to its 52-week performance, $2.17 and $0.56 were the 52-week high and 52-week low respectively. Overall, KOPN moved -14.56% over the past month.
Kopin Corp’s market cap currently stands at around $214.38 million, with investors looking forward to this quarter’s earnings report slated for on 2024-Nov-11.
Analysts have a consensus estimate of 12.41M for the company’s revenue for the quarter, with a low and high estimate of 11.31M and 12.83M respectively. The average forecast suggests up to a 44.69% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 48M, representing a 18.82% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that KOPN is a 50% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend KOPN as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
KOPN’s current price about -0.92% and -10.27% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 45.63, while 7-day volatility ratio is 6.89% and 10.62% in the 30-day chart. Further, Kopin Corp (KOPN) has a beta value of 3.09, and an average true range (ATR) of 0.13. Analysts have given the company’s stock an average 52-week price target of $2, forecast between a low of $2 and high of $2. Looking at the price targets, the low is -48.15% off recent price level in today’s trading while to achieve the yearly target high, it has to move -48.15%. Nonetheless, investors will most likely welcome a -48.15% jump to $2 which is the analysts’ median price.
If we refocus on Kopin Corp (NASDAQ:KOPN), historical trading data shows that trading volumes averaged 1.98 over the past 10 days and 5.20 million over the past 3 months. The company’s latest data on shares outstanding shows there are 153.18 million shares.
The 6.38% of Kopin Corp’s shares are in the hands of company insiders while institutional holders own 29.24% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 3.36 million on 2025-02-28, giving us a short ratio of 0.87. The data shows that as of 2025-02-28 short interest in Kopin Corp (KOPN) stood at 231.0 of shares outstanding, with shares short falling to 3.98 million registered in 2025-01-31. Current price change has pushed the stock -0.74% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the KOPN stock continues to rise going into the next quarter.
