FY2024 Earnings Estimate for Kopin Issued By HC Wainwright

Kopin Co. (NASDAQ:KOPN) – HC Wainwright lifted their FY2024 EPS estimates for shares of Kopin in a research note issued on Wednesday, November 13th. HC Wainwright analyst K. Dede now forecasts that the company will post earnings of ($0.14) per share for the year, up from their prior estimate of ($0.18). HC Wainwright has a “Buy” rating and a $3.00 price objective on the stock. The consensus estimate for Kopin’s current full-year earnings is ($0.17) per share. HC Wainwright also issued estimates for Kopin’s Q4 2024 earnings at ($0.02) EPS and FY2025 earnings at ($0.10) EPS.

Kopin (NASDAQ:KOPN) last posted its earnings results on Tuesday, November 12th. The company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.02. The company had revenue of $13.32 million for the quarter, compared to the consensus estimate of $12.73 million. Kopin had a negative return on equity of 165.86% and a negative net margin of 109.38%. During the same quarter in the prior year, the company earned ($0.02) earnings per share.

KOPN has been the subject of a number of other reports. StockNews.com raised shares of Kopin from a “sell” rating to a “hold” rating in a report on Wednesday. Stifel Nicolaus cut their price objective on shares of Kopin from $3.00 to $2.50 and set a “buy” rating for the company in a research report on Friday, August 9th.

Kopin Stock Down 7.2 %

NASDAQ KOPN opened at $0.83 on Friday. The firm has a market capitalization of $100.40 million, a P/E ratio of -2.02 and a beta of 2.60. The company has a 50-day moving average price of $0.78 and a 200-day moving average price of $0.84. Kopin has a 52 week low of $0.56 and a 52 week high of $2.82.

Hedge Funds Weigh In On Kopin

Large investors have recently added to or reduced their stakes in the company. EntryPoint Capital LLC purchased a new position in shares of Kopin during the 1st quarter valued at $26,000. EverSource Wealth Advisors LLC purchased a new stake in shares of Kopin during the first quarter worth about $37,000. JT Stratford LLC purchased a new stake in shares of Kopin during the first quarter worth about $37,000. SG Americas Securities LLC bought a new stake in Kopin during the 1st quarter valued at approximately $52,000. Finally, Quadrature Capital Ltd purchased a new position in Kopin in the 1st quarter worth approximately $67,000. Hedge funds and other institutional investors own 30.96% of the company’s stock.

Kopin Company Profile

Kopin Corporation, together with its subsidiaries, invents, develops, manufactures, and sells microdisplays, subassemblies, and related components for defense, enterprise, industrial, and consumer products in the United States, the Asia-Pacific, Europe, and internationally. It offers miniature active-matrix liquid crystal displays, liquid crystal on silicon displays/spatial light modulators, organic light emitting diode displays, microLED display technologies, application specific integrated circuits, backlights, and optical lenses; and head-mounted and hand-held VR products.