Healthy Upside Potential: Kopin Corporation (KOPN)

Kopin Corporation (NASDAQ: KOPN) stock fell -3.94% on Tuesday to $1.22 against a previous-day closing price of $1.27. With 0.69 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.55 million shares. During the session, the Electronic Components company that operates in wider Technology sector, reached to the highest price of $1.3000 whereas the lowest price it dropped to was $1.2200. The 52-week range on KOPN shows that it touched its highest point at $3.18 and its lowest point at $0.96 during that stretch. It currently has a 1-year price target of $4.75. Beta for the stock currently stands at 2.53.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of KOPN was down-trending over the past week, with a drop of -26.95%, but this was up by 5.17% over a month. Three-month performance surged to 20.79% while six-month performance fell -27.81%. The stock lost -61.51% in the past year, while it has lost -1.61% so far this year. A look at the trailing 12-month EPS for KOPN yields -0.18 with Next year EPS estimates of -0.09. For the next quarter, that number is -0.04. This implies an EPS growth rate of -182.00% for this year and 40.00% for next year. EPS is expected to grow by 20.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 16.20%.

Float and Shares Shorts:

At present, 93.52 million KOPN shares are outstanding with a float of 83.64 million shares on hand for trading. On Oct 13, 2022, short shares totaled 2.24 million, which was 2.39% higher than short shares on Sep 14, 2022. In addition to Dr. Chin Chiang Fan as the firm’s Co-Founder & Chairman, Mr. Richard A. Sneider serves as its Treasurer & CFO.


Institutional Ownership:

Through their ownership of 22.85% of KOPN’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 5.80% of KOPN, in contrast to 17.50% held by mutual funds. Shares owned by individuals account for 12.30%. As the largest shareholder in KOPN with 3.94% of the stake, The Vanguard Group, Inc. holds 3,742,907 shares worth 3,742,907. A second-largest stockholder of KOPN, AWM Investment Co., Inc., holds 1,446,746 shares, controlling over 1.52% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in KOPN, holding 1,261,220 shares or 1.33% stake. With a 3.04% stake in KOPN, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 2,889,183 shares are owned by the mutual fund manager. The Vanguard Extended Market Index Fu, which owns about 1.13% of KOPN stock, is the second-largest Mutual Fund holder. It holds 1,070,756 shares valued at 1.33 million. Fidelity Extended Market Index Fu holds 0.43% of the stake in KOPN, owning 408,694 shares worth 0.51 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for KOPN since 3 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With KOPN analysts setting a high price target of $6.00 and a low target of $3.50, the average target price over the next 12 months is $4.75. Based on these targets, KOPN could surge 391.8% to reach the target high and rise by 186.89% to reach the target low. Reaching the average price target will result in a growth of 289.34% from current levels.


EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. KOPN will report FY 2022 earnings on 03/05/2024. Analysts have provided yearly estimates in a range of -$0.13 being high and -$0.21 being low. For KOPN, this leads to a yearly average estimate of -$0.18. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Kopin Corporation surprised analysts by $0.01 when it reported -$0.05 EPS against a consensus estimate of -$0.06. The surprise factor in the prior quarter was -$0.02. Based on analyst estimates, the high estimate for the next quarter is -$0.03 and the low estimate is -$0.07. The average estimate for the next quarter is thus -$0.05.

Summary of Insider Activity:

Insiders traded KOPN stock several times over the past three months with 3 Buys and 1 Sells. In these transactions, 50,633 shares were bought while 88,300 shares were sold. The number of buy transactions has increased to 9 while that of sell transactions has risen to 6 over the past year. The total number of shares bought during that period was 900,633 while 268,830 shares were sold.

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