Kopin Corp. (KOPN): Are Investors Missing The Big Picture?

Kopin Corp. (NASDAQ:KOPN) does about 1.51M shares in volume on a normal day but saw 691422 shares change hands in the recent trading day. The company now has a market cap of 105.44M USD. Its current market price is $0.89, marking an increase of 1.17% compared to the previous close of $0.88. The 52 week high reached by this stock is $2.82 whilst the lowest price level in 52 weeks is $0.67.

Kopin Corp. (KOPN) has a 20-day trading average at $0.7854 and the current price is -68.43% off the 52-week high compared with 33.30% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.7996 and its 200-day simple moving average is $1.5025. If we look at the stock’s price movements over the week, volatility stands at 10.81%, which decreases to 8.02% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 57.61 to suggest the stock is neutral.

The consensus objective for the share price is $2.75, suggesting that the stock has a potential upside of 67.64% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on June 02, 2023 when Stifel initiated the stock to “Buy” and issued a price target of $3. H.C. Wainwright upgraded the stock to “Buy” from Neutral on December 16, 2021 at a price target of $6.

Kopin Corp. (KOPN) stock is up 12.26% over the week and 14.07% over the past month. Its price is -56.14% year-to-date and -55.71% over the past year.

To reach the target analysts have set, the stock logically needs to grow 67.64 percent from here.

The company has a return on investment of -750.26% and return on equity of -207.65%. The beta has a value of 2.64. Price to book ratio is 20.79 and price to sales ratio is 2.66.