Kopin Corporation [NASDAQ: KOPN] gained 15.53% on the last trading session, reaching $3.05 price per share at the time. The company report on January 7, 2021 that Kopin Corporation Enters Agreement with Jade Bird Display for 2K x 2K Monochrome LED Microdisplay Development.
Kopin® Corporation (NASDAQ: KOPN), a leading developer and provider of high-resolution microdisplays and display subassemblies for defense, enterprise, industrial, consumer and medical products, announced it has signed a multi-year agreement with Jade Bird Display, to develop superbright monochrome LED microdisplays. Jade Bird Display, based in Shanghai, China, is a leader in microLED displays. Under the collaboration, Jade Bird Display will provide the LED wafers and the hybrid bonding service on Kopin-designed and supplied Si backplane wafers for monolithic 2K x 2K LED microdisplays (2048 x 2048 resolution in about 1″ diagonal size).
Kopin is a leader in microdisplays including OLED (organic light emitting diode) displays, liquid crystal displays (LCD), and Ferroelectric liquid crystal on Silicon (LCOS) displays. Kopin also pioneered and has early patents (US 5,300,788, 5,453,405, 6,403,985) on LED microdisplay technologies. LED microdisplays have the potential for superhigh brightness and low power consumption, which can make them ideal for many applications including see-through augmented reality (AR) and mixed reality (MR) applications.
Kopin Corporation represents 82.60 million in outstanding shares, while the company has a total market value of $270.41 million with the latest information. KOPN stock price has been found in the range of $2.65 to $3.08.
If compared to the average trading volume of 1.22M shares, KOPN reached a trading volume of 4444072 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Kopin Corporation [KOPN]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for KOPN shares is $2.25 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on KOPN stock is a recommendation set at 1.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
H.C. Wainwright have made an estimate for Kopin Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 25, 2020. While these analysts kept the previous recommendation, Ladenburg Thalmann raised their target price to Buy. The new note on the price target was released on February 04, 2019, representing the official price target for Kopin Corporation stock. Previously, the target price had yet another drop from $3 to $2, while Wunderlich kept a Hold rating on KOPN stock.
The Average True Range (ATR) for Kopin Corporation is set at 0.29, with the Price to Sales ratio for KOPN stock in the period of the last 12 months amounting to 7.75. The Price to Book ratio for the last quarter was 10.89, with the Price to Cash per share for the same quarter was set at 0.18.
Trading performance analysis for KOPN stock
Kopin Corporation [KOPN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 18.22. With this latest performance, KOPN shares gained by 72.32% in over the last four-week period, additionally plugging by 71.35% over the last 6 months – not to mention a rise of 662.50% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for KOPN stock in for the last two-week period is set at 67.46, with the RSI for the last a single of trading hit 67.93, and the three-weeks RSI is set at 67.00 for Kopin Corporation [KOPN]. The present Moving Average for the last 50 days of trading for this stock 1.93, while it was recorded at 2.85 for the last single week of trading, and 1.39 for the last 200 days.
Kopin Corporation [KOPN]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Kopin Corporation [KOPN] shares currently have an operating margin of -88.24 and a Gross Margin at +29.19. Kopin Corporation’s Net Margin is presently recorded at -99.96.
Return on Total Capital for KOPN is now -65.83, given the latest momentum, and Return on Invested Capital for the company is -75.40. Return on Equity for this stock declined to -77.17, with Return on Assets sitting at -57.52. When it comes to the capital structure of this company, Kopin Corporation [KOPN] has a Total Debt to Total Equity ratio set at 9.90. Additionally, KOPN Total Debt to Total Capital is recorded at 9.01, with Total Debt to Total Assets ending up at 6.58. Long-Term Debt to Equity for the company is recorded at 6.26, with the Long-Term Debt to Total Capital now at 5.70.
Reflecting on the efficiency of the workforce at the company, Kopin Corporation [KOPN] managed to generate an average of -$192,851 per employee. Receivables Turnover for the company is 4.50 with a Total Asset Turnover recorded at a value of 0.58.Kopin Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.20 and a Current Ratio set at 2.50.
Kopin Corporation [KOPN]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Kopin Corporation posted -0.03/share EPS, while the average EPS was predicted by analysts to be reported at -0.04/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 25.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for KOPN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Kopin Corporation go to 20.00%.
An analysis of insider ownership at Kopin Corporation [KOPN]
There are presently around $49 million, or 18.80% of KOPN stock, in the hands of institutional investors. The top three institutional holders of KOPN stocks are: AWM INVESTMENT COMPANY, INC. with ownership of 5,551,344, which is approximately -2.268% of the company’s market cap and around 9.80% of the total institutional ownership; VANGUARD GROUP INC, holding 3,109,581 shares of the stock with an approximate value of $9.48 million in KOPN stocks shares; and MILLENNIUM MANAGEMENT LLC, currently with $5.68 million in KOPN stock with ownership of nearly -10.878% of the company’s market capitalization.
Positions in Kopin Corporation stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 21 institutional holders increased their position in Kopin Corporation [NASDAQ:KOPN] by around 1,032,799 shares. Additionally, 24 investors decreased positions by around 941,213 shares, while 14 investors held positions by with 13,980,679 shares. The mentioned changes placed institutional holdings at 15,954,691 shares, according to the latest SEC report filing. KOPN stock had 8 new institutional investments in for a total of 469,779 shares, while 9 institutional investors sold positions of 289,612 shares during the same period.