10 Best High Risk Penny Stocks to Invest in

3. Kopin Corporation (NASDAQ:KOPN)

Current Price as of June 30, 2025: $2.85

Beta: 2.85

Kopin Corporation (NASDAQ:KOPN) earns a position among our list of 10 best high risk penny stocks to invest in. The company increases authorized shares at annual meeting amid CFO retirement and a reiterated Buy rating for the stock.

Based in Massachusetts, Kopin Corporation (NASDAQ:KOPN) designs and manufactures high-performance microdisplays and optical systems. The company’s client base comprises defense, enterprise, industrial, medical, and consumer applications sectors. Its product lineup includes AMLCD, LCOS, MicroLED, OLED microdisplays, along with complete headset modules and ASIC-driven vision systems.

On May 29, 2025, the company announced the retirement of Chief Financial Officer, Rich Sneider. However, as no replacement for the role has been found yet, the company also stated that Sneider will hold on to the position till then. Following the retirement announcement, Lake Street maintained a Buy rating on the stock on June 10, 2025. The price target has been set at $2.50.

Additionally, on June 26, 2025, in the Annual Meeting of Shareholders, the company gained the approval of the shareholders to increase the number of authorized shares of the Kopin Corporation (NASDAQ:KOPN)’s common stock from 200 million to 275 million, potentially bringing a change to its operational capacity and governance structure.

While the low price of $1.53 brings attractiveness to the penny stock, the notably high beta of 2.85 is alarming and must be considered before engaging in the stock purchase.