Breaking The Old 52 Week Low, Kopin Corporation (Nasdaq:KOPN) Ending The Day At $1.50

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Kopin Corporation (Nasdaq:KOPN)

December 5th, 2018
Amidst falling markets Kopin Corporation finished Tuesday’s trading session down 7.41%, a $0.12 decrease to close on $1.50. As well as the drop in value, Kopin Corporation hit a new 52 week low of $1.46, breaking the previous low of $1.54 from earlier this July. Be aware that the Altman Z-Score1 (An indicator of the probability for a 2-year bankruptcy) is below the recommended threshold of 1.8%, and calculated to be 0.38.

KOPN was outperformed by the rest of the Information Technology sector which went down just 3.86%.

Forecasts from 1 analyst indicates that Kopin Corporation might increase significantly (60%), while Finbox has calculated (with medium uncertainty) a fair value price of $1.30.

Market Sectors

The market sectors were mixed Wednesday with a majority of the sectors trending down. Utilities saw the biggest increase of the day (0.15%), while Financials saw the biggest drop (4.40%). Healthcare has seen the biggest year-to-date gain at 13%. The biggest loss this year has been the Communication Services sector falling 13%.

Utilities saw the biggest turnaround from its 5-day performance of 2.31%, as it went up 0.15%. Industrials and Consumer Discretionary experienced turn arounds from their five day positive performance, Industrials with a drop of 4.35%.

Sector Breakdown

  • Utilities went up with a 0.15% change.
  • Real Estate went down with a -1.26% change.
  • Consumer Staples went down with a -1.63% change.
  • Healthcare went down with a -2.30% change.
  • Energy went down with a -2.93% change.
  • Materials went down with a -3.08% change.
  • Communication Services went down with a -3.14% change.
  • Information Technology went down with a -3.86% change.
  • Consumer Discretionary went down with a -3.91% change.
  • Industrials went down with a -4.35% change.
  • Financials went down with a -4.40% change.

Kopin Corporation is based in Westborough, United States of America.

Kopin Corporation Info

Kopin Corporation invents, develops, manufactures, and sells technologies, components, and systems in the United States, the Asia-Pacific, and Europe. The company’s Kopin Wearable technology includes component technologies, which can be integrated to create headset systems. It provides components, including miniature liquid crystal displays, liquid crystal on silicon displays/ spatial light modulators, organic light emitting diode displays, application specific integrated circuits, backlights, optical lenses, and audio integrated circuits. The company also offers headset systems, such as Solos smart glasses for the health and fitness market; Golden-i headsets for the enterprise market; and visor headsets for training and simulation market. Its display products are used in military, consumer, electronic, and industrial products, such as thermal weapon sights, safety equipment, virtual and augmented reality gaming, training and simulation products, and metrology tools. The company sells its components directly, as well as through distributors to original equipment manufacturers; and military display products, and training and simulation products directly to prime contractors of the United States government or to foreign companies. Kopin Corporation was founded in 1984 and is headquartered in Westborough, Massachusetts.

All amounts in USD unless otherwise indicated

(1) The Altman Z-Score calculation was first published in 1968 by Edward I. Altman, and is used for predicting the probability that a firm will go into bankruptcy within two years. An Altman Z-Score below 1.8 (Remember that Kopin Corporation’s score is 0.38) is the trigger to be alert for this situation. Some analysts believe this score is less relevant for some companies, in particular companies operating to accumulate users that may run at huge losses to scale up.

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