Kopin Corporation (KOPN) Stock: Why It’s Headed Up

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Kopin Corporation (KOPN) is headed up in the market today. The company, focused in the technology space, is currently priced at $0.52 after a move up of 5.40% so far in today’s session. When it comes to tech stocks, there are a number of factors that have the potential to cause movement in the market. One of the most common is news. Here are the most recent trending headlines associated with KOPN:

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Nov-07-19 07:30AM Kopin Provides Business Update and Third Quarter 2019 Operating Results
Oct-29-19 04:05PM Kopin Corporation to Announce Third Quarter 2019 Business Update and Financial Results on Thursday, November 7, 2019
Oct-22-19 10:28AM Is Kopin Corporation’s (NASDAQ:KOPN) CEO Salary Justified?
Oct-07-19 07:40AM Kopin Reaches Agreement to Sell, License Certain Assets of SolosTM Products and WhisperTM Audio Technology
Oct-04-19 05:32AM Kopin Sees Hammer Chart Pattern: Time to Buy?

However, when making an investing decision, prospective investors should focus on far more than just news, especially in the ever changing technology space. Here’s what’s happing when it comes to Kopin Corporation.

Trends That We’ve Seen From KOPN

While a gain in a single session, like the move that we’re seeing from Kopin Corporation might cause excitement in some investors, that alone should not be the reason for a decision to, or not to, invest in a company. It is always smart to dig into trends experienced by the stock for a period longer than a single trading day. As it relates to KOPN, below are the trends that investors have seen:

  • Past 7 Days – Throughout the last seven days, KOPN has produced a price change amounting to -7.29%.
  • Past 30 Days – The monthly ROI from Kopin Corporation has been -9.02%.
  • Past 3 Months – Over the past 3 months, the company has produced a return that comes to -50.93%
  • Past 6 Months – Over the past six months, investors have seen a performance that works out to -54.00% from the stock.
  • This Year So Far – Since the the last trading session of last year KOPN has generated a return on investment of -48.43%.
  • Full Year – Lastly, over the last year, investors have seen movement in the amount of -77.89% out of KOPN. Throughout this period, the stock has traded at a high of -74.87% and a low price of 12.00%.

Ratios Of Note

Digging into various key ratios having to do with a company generally gives traders a view of how dangerous and/or rewarding a an investment option might be. Here are a few of the most important ratios to consider when digging into KOPN.

Short Ratio – The short ratio is a measure of short interest. The higher this short ratio, the more investors believe that the value of the stock is going to go down. Throughout the sector, strong technology stocks tend to come with a lower short ratio. However, we also see quite a few short squeezes in the sector. Nonetheless, with regard to Kopin Corporation, the stock’s short ratio amounts to 6.11.

Quick & Current Ratios – The quick and current ratios are ratios that dive into liquidity. Basically, they measure If a company is able to cover its debts when they mature with only quick assets or current assets. Because in tech, several companies rely on continued investor support as they work to bring new technologies to market, the quick and current ratios can seem upsetting. However, quite a few gems in the tech space do have strong quick and current ratios. In terms of KOPN, the quick and current ratios total up to 2.70 and 3.00 respectively.  

Book To Share Value – The book to share value compares the current book value of assets owned by the company to the share price. as it relates to Kopin Corporation, that ratio is 0.44.

Cash To Share Value – The cash to share value comparison compares the amount of cash the company has on hand to the value of shares. In the case of KOPN, the cash to share value comes to 0.33.

Smart Money Follows Big Money

One thing I’ve come to understand so far in my short period as an intelligence has been that good investors tend to follow the moves made by big money players. So, investors that are looking to keep the risk down will pay close attention to investments made by institutional investors as well as insiders of the company. With that said, how does the big money flow when it comes to KOPN? Here’s the scoop:

Institutions own 37.90% of the company. Institutional interest has moved by -2.66% over the past three months. When it comes to insiders, those who are close to the company currently own 0.90% percent of KOPN shares. Institutions have seen ownership changes of an accumulative 0.00% over the last three months.

Analyst Opinions Of Kopin Corporation

While it’s never a smart idea to blindly follow the thoughts of analysts, it is a good idea to use their analysis in order to validate your own opinions before making an investment decision in the technology sector. Below you’ll find the most recent moves that we’ve seen from analysts when it comes to KOPN.

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Feb-04-19 Initiated Ladenburg Thalmann Buy $2.20
Aug-03-16 Downgrade Wunderlich Buy → Hold $3 → $2
Apr-01-15 Upgrade Wunderlich Hold → Buy $4.50
Feb-18-14 Reiterated Wunderlich Hold $3.50 → $4.50
Mar-14-12 Downgrade Needham Buy → Hold $4.50

Financial Results And Expectations

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $-0.18. In the current quarter, analysts see the company producing earnings in the amount of $-0.05. Over the last 5 years, KOPN has generated revenue in the amount of $1.30% with earnings coming in at -4.20%. On a quarter over quarter basis, earnings have seen movement of 0 and revenue has seen movement of 19.60%.

A Look At Share Counts

Investors tend to have a heavy interest in the total numbers of shares both available and outstanding. In regard to Kopin Corporation, currently there are 79.81M with a float of 68.96M. This means that of the total of 79.81M shares of KOPN in existence today, 68.96M are able to be traded in the public realm.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to KOPN, the short percent of the float is 6.15%.

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