The price of Olink Holding AB (publ) (NASDAQ:OLK) shares last traded on Wall Street fell -17.84% to $19.76.
Based on available information, 5 analysts follow Olink Holding AB (publ) (NASDAQ:OLK). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $28.00 and a low of $16.00, we find $27.00. Given the previous closing price of $24.05, this indicates a potential upside of 12.27 percent. OLK stock price is now -12.10% away from the 50-day moving average and 19.90% away from the 200-day moving average. The market capitalization of the company currently stands at $2.25B.
Among analysts, 2 rate the stock a hold while 3 rate it a buy. Brokers who have rated the stock have averaged $23.00 as their price target over the next twelve months.
With the price target of $27, Scotiabank recently initiated with Sector Outperform rating for Olink Holding AB (publ) (NASDAQ: OLK). On December 14, 2022, Canaccord Genuity recently initiated its ‘Buy’ rating on the stock quoting a target price of $28, while ‘SVB Leerink’ rates the stock as ‘Outperform’.
A total of 69.81% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in OLK stock. A new stake in Olink Holding AB (publ) shares was purchased by T. ROWE PRICE INVESTMENT MANAGEMENT, INC. during the first quarter worth $33,409,000. PURA VIDA INVESTMENTS, LLC invested $12,246,000 in shares of OLK during the first quarter. In the first quarter, D. E. SHAW & CO., INC. acquired a new stake in Olink Holding AB (publ) valued at approximately $993,000. SUSQUEHANNA INTERNATIONAL GROUP, LLP acquired a new stake in OLK for approximately $572,000. ENVESTNET ASSET MANAGEMENT INC purchased a new stake in OLK valued at around $404,000 in the second quarter. In total, there are 70 active investors with 35.00% ownership of the company’s stock.
A candlestick chart of Olink Holding AB (publ) (NASDAQ: OLK) showed a price of $19.90 on Thursday morning. During the past 12 months, Olink Holding AB (publ) has had a low of $8.39 and a high of $26.47. As of last week, the company has a debt-to-equity ratio of 0.02, a current ratio of 5.10, and a quick ratio of 4.00. The fifty day moving average price for OLK is $22.48 and a two-hundred day moving average price translates $16.48 for the stock.
The latest earnings results from Olink Holding AB (publ) (NASDAQ: OLK) was released for Jun, 2022. According to the Diagnostics & Research Company, earnings per share came in at -$0.04, beating analysts’ expectations of -$0.14 by 0.1. This compares to -$0.05 EPS in the same period last year. The net profit margin was -20.80% and return on equity was -6.10% for OLK. The company reported revenue of $31.77 million for the quarter, compared to $19.97 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 59.07 percent. For the current quarter, analysts expect OLK to generate $28.96M in revenue.
Olink Holding AB (publ)(OLK) Company Profile
Olink Holding AB (publ) provides various products and services for the academic, government, biopharmaceutical, biotechnology, and other institutions that focuses on life science research. Its products include Olink Explore for cardiovascular and metabolic, oncology, neurology, or inflammation diseases; Olink Target product line; and Olink Focus product line that consists of custom developed solutions for customers that has identified various proteins of interest or a protein signature to focus on. The company’s products also comprise Olink Signature Q100, a qPCR readout platform; Olink Analysis services comprising study design and consultation, sample preparation and assay execution, and data processing and QC; and bioinformatics services. In addition, it provides Olink normalized protein expression (NPX) Manager, a purpose-built software that enable users to import data, validate data quality, and normalize for subsequent statistical analysis; and Olink Insight, a cloud platform for data visualization and statistical analysis of NPX data. Olink Holding AB (publ) sells its products and services through its own direct sales force in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company was formerly known as Knilo HoldCo AB and changed its name to Olink Holding AB (publ) in January 2021. The company was founded in 2004 and is headquartered in Uppsala, Sweden. Olink Holding AB (publ) is a subsidiary of Summa Equity Holding AB.