AWM Investment Co., Inc. has recently announced that it has increased stake in Kopin Corporation (NASDAQ:KOPN) by 472.74%. After grabbing 8.29 million shares, the institutional investor is now in possession of 6.84 million shares of the Technology Company. The new investment brought the stake of investor firm to 7.43% having worth around $8.62 million. Moreover, Archon Capital Management LLC increased its share by 6.02 million to have a control over 6.38 million shares. And The Vanguard Group, Inc. raised its holdings to 0.86 million shares by acquiring 4.94 million shares or 4.43% of the stake.
Kopin Corporation (KOPN) concluded trading on 05/25/23 at a closing price of $1.60, with 0.92 million shares of worth about $1.47 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -4.76% during that period and on Thursday the price saw a gain of about 8.84%. Currently the company’s common shares owned by public are about 105.04M shares, out of which, 83.64M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 2 analysts are covering the KOPN stock and their offered price forecasts bring an average price target of $3.00. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $3.00 and could fall to a lowest price of $3.00. The stock’s current price level is 46.67% above of average price target set by the analysts, while a rise to estimated low would result in gain of 46.67% for the stock. However, touching the estimated high of $3.00 would mean a gain of 46.67% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 12 times over the past 12 months. They bought 1,005,044 shares in 7 of the transactions. In 5 selling transactions, insiders dumped 209,300 shares.
Vanguard Total Stock Market ETF, Vanguard Extended Market Index Fu, and Fidelity Extended Market Index Fu are the top 3 mutual funds which are holding stakes in Kopin Corporation Vanguard Total Stock Market ETF is currently holding 3.71 million shares of worth totaling $3.86 million. The company recently came buying 0.0 shares which brought its stake up to 3.33% of the company’s outstanding shares. Vanguard Extended Market Index Fu bought 11282.0 shares, after which its hold over company’s outstanding shares expand to 1.00%, leaving 1.11 million shares with the mutual fund that have a worth of about $1.16 million. Fidelity Extended Market Index Fu, after buying 0.45 million shares, have now control over 0.40% of the stake in the company. It holds 0.0 shares of worth $0.47 million.
Kopin Corporation (NASDAQ: KOPN) started trading at $1.46, below -$0.01 from concluding price of the previous day. However, the stock later moved at a day high price of 1.6900, or with a gain of 8.84%. Stock saw a price change of -1.23% in past 5 days and over the past one month there was a price change of 49.53%. Year-to-date (YTD), KOPN shares are showing a performance of 29.03% which increased to 42.86% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.94 but also hit the highest price of $1.90 during that period. The average intraday trading volume for Kopin Corporation shares is 451.86K. The stock is currently trading 33.42% above its 20-day simple moving average (SMA20), while that difference is up 47.85% for SMA50 and it goes to 30.34% higher than SMA200.
AWM Investment Co., Inc. acquired 8.29 million shares of Kopin Corporation having value of about $8.62 million. Data submitted at the U.S SEC by AWM Investment Co., Inc. revealed that the firm now holds 6.84 million shares in the company valued at close to $10943004.8, or have control over 472.74% stake in the company. Kopin Corporation (NASDAQ: KOPN) currently have 105.04M outstanding shares and institutions hold larger chunk of about 18.30% of that. Holding of mutual funds in the company is about 21.70% while other institutional holders and individual stake holders have control over 5.79% and 14.97% of the stake respectively.
The stock has a current market capitalization of $175.02M and its 3Y-monthly beta is at 2.39. It has posted earnings per share of -$0.22 in the same period. It has Quick Ratio of 3.40 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for KOPN, volatility over the week remained 11.79% while standing at 7.95% over the month.
Analysts are in expectations that Kopin Corporation (KOPN) stock would likely to be making an EPS of -$0.02 in the current quarter, while forecast for next quarter EPS is -$0.02 and it is -$0.13 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.02 which is -$0.02 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.05 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -39.90% while it is estimated to decrease by -85.70% in next year. EPS is likely to grow at an annualized rate of 20.00% for next 5-years, compared to annual growth of -50.87% made by the stock over the past 5-years.
Analysts at 2 brokerage firms have issued recommendations for the Kopin Corporation (KOPN)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.00. Out of those 2 Wall Street analysts, 2 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
