Kopin Corporation (KOPN) shares are trading at higher $2.00 and the avg recommendation for the stock is Strong Buy, while the current analyst price target stands at $2.25.
To add more color to this target, the company’s high over the last year is $2.16 and the low is $0.19. Over the last 52 weeks, KOPN is up 297.06% while the S&P 500 is up 15.19%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, KOPN reported a profit of $4.69 million. Kopin Corporation also saw revenues increase to $9.51 million. In addition, KOPN has free cash flow of -$6.57 million as of 09-2020. The company’s EBITDA came in at -$0.97 million which compares well with its peers.
KOPN booked profit margins of -37.10%, its Return on Equity (ROE) is -51.20%, and its Return on Assets is -33.10%. All told, it is clear that, KOPN needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. KOPN has a short ratio of 4.10 and outstanding shares of 82.60M.
KOPN has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.75 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.16. Kopin Corporation KOPN also noted assets of $37.66 million at the end of the last quarter. Investors should also keep an eye on sector updates as KOPN has historically followed its peers on positive news.
All told, Kopin Corporation KOPN has strung together solid data and demonstrated underlying fundamentals. At its current valuation, KOPN represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Kopin Corporation KOPN is now commanding a market cap of 166.92M and a float of 69.58M. KOPN is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of KOPN stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in KOPN, either long or short, and we have not been compensated for this article.