An interesting stock that came up in some of our conversations today is Kopin Corporation (NASDAQ:KOPN). At current price of $1.2, the shares have already added 0.04 points (3.45% higher) from its previous close of $1.16. Should you buy or avoid them? The stock sets an active trading volume day with a reported 207417 contracts so far this session. KOPN shares had a relatively better volume day versus average trading capacity of 592.61 thousand shares, but with a 69.01 million float and a 3.57% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for KOPN stock indicates that the average analyst price target is $2.1 per share. This means the stock has a potential increase of 75% from where the KOPN share price has been trading recently which is between $1.14 and $1.23. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $2.
The shorts are running away from Kopin Corporation (KOPN) stock. The latest set of short interest data was released on 28 June 2019, and the numbers show a drop in short interest in KOPN shares. While short interest still represents only 12.08% of KOPN’s float, the number of shares shorted have fallen by -322247. The number of shares shorted fell to 8012022 shares, down from 8334269 shares during the preceding fortnight. With average daily trading volumes at 1284191 shares, days to cover decreased to about 18.21718 days. The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “Forth Dimension Displays to Supply 3.1 MPixel Spatial Light Modulator Featured in Optalysys Optical Computing Product” and dated June 21, 2019.
During the recent trading session for Kopin Corporation (NASDAQ:KOPN), the company witnessed their stock rise $unch over a week and surge $0.06 from the price 20 days ago. When compared to their established 52-week high of $3.15, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 07/26/18. The recent low of $0.96 stood for a -61.9% since 12/21/18, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 1.43 is also allocated to the stock. Since the beta is greater than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for Kopin Corporation, the two-week RSI stands at 53.44. This figure suggests that KOPN stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current KOPN readings is similarly very revealing as it has a stochastic reading of 32.26% at this stage. This figure means that KOPN share price today is being neutral.
Technical chart claims that Kopin Corporation (KOPN) would settle between $1.21/share to $1.27/share level. However, if the stock price goes below the $1.12 mark, then the market for Kopin Corporation becomes much weaker. If that happens, the stock price might even plunge as low as $1.09 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 0.02. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at Ladenburg Thalmann, assumed coverage of KOPN assigning Buy rating, according to their opinion released on February 04. Wunderlich analysts have lowered their rating of Kopin Corporation (NASDAQ:KOPN) stock from Buy to Hold in a separate flash note issued to investors on August 03. Analysts at Wunderlich released an upgrade from Hold to Buy for the stock, in a research note that dated back to April 01.
KOPN equity has an average rating of 1, with the figure leaning towards a bullish end. 2 analysts who tracked the company were contacted by Reuters. Amongst them, 0 rated the stock as a hold while the remaining 2 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 2 analysts rated Kopin Corporation (NASDAQ:KOPN) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, KOPN stock price is currently trading at 0X forward 12-month Consensus EPS estimates, and its P/S ratio is 4.01 while for the average stock in the same group, the multiple is 8.3.