H.C. Wainwright analyst Kevin Dede reiterated a Buy rating on Kopin (KOPN – Research Report) today and set a price target of $3.00. The company’s shares closed yesterday at $1.77.
Dede covers the Technology sector, focusing on stocks such as eMagin, Bitfarms, and Kopin. According to TipRanks, Dede has an average return of -0.4% and a 36.48% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Kopin with a $3.00 average price target.
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Based on Kopin’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $7.65 million and a GAAP net loss of $2.63 million. In comparison, last year the company earned a revenue of $6.51 million and had a GAAP net loss of $1.37 million
Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of KOPN in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Kopin Corp. engages in the development manufacture, and sale of wearable technologies which include components and systems. Its portfolio includes display, ASIC, ergonomics, optics, whisper voice interface, software, packaging, and OLED displays. The firm uses semiconductor material technology to design, manufacture and market its component products for use in military, enterprise and consumer electronic applications, training and simulation equipment and 3D metrology equipment. The company was founded by John C.C. Fan on April 23, 1984 and is headquartered in Westborough, MA.
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