The stock of Olink Holding AB (publ) ADR (NASDAQ: OLK) has decreased by -0.09 when compared to last closing price of 22.29. Despite this, the company has experienced a -3.30% fall in its stock price over the last five trading sessions. The Motley Fool reported 2023-12-30 that Quantum-Si has a ton of promise if the proteomics market continues to develop. Thermo Fisher indicated the future potential with its big pending acquisition of Olink.
Is It Worth Investing in Olink Holding AB (publ) ADR (NASDAQ: OLK) Right Now?
Additionally, the 36-month beta value for OLK is 0.52. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for OLK is 123.64M and currently, short sellers hold a 1.88% ratio of that float. The average trading volume of OLK on April 19, 2024 was 632.31K shares.
OLK’s Market Performance
OLK’s stock has seen a -3.30% decrease for the week, with a -7.78% drop in the past month and a -10.92% fall in the past quarter. The volatility ratio for the week is 2.51%, and the volatility levels for the past 30 days are at 1.79% for Olink Holding AB (publ) ADR The simple moving average for the last 20 days is -4.94% for OLK stock, with a simple moving average of 3.37% for the last 200 days.
Analysts’ Opinion of OLK
Many brokerage firms have already submitted their reports for OLK stocks, with Scotiabank repeating the rating for OLK by listing it as a “Sector Outperform.” The predicted price for OLK in the upcoming period, according to Scotiabank is $27 based on the research report published on January 05, 2023 of the previous year 2023.
Canaccord Genuity, on the other hand, stated in their research note that they expect to see OLK reach a price target of $28. The rating they have provided for OLK stocks is “Buy” according to the report published on December 14th, 2022.
SVB Leerink gave a rating of “Outperform” to OLK, setting the target price at $50 in the report published on April 19th of the previous year.
OLK Trading at -5.15% from the 50-Day Moving Average
After a stumble in the market that brought OLK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -14.38% of loss for the given period.
Volatility was left at 1.79%, however, over the last 30 days, the volatility rate increased by 2.51%, as shares sank -7.94% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.21% lower at present.
During the last 5 trading sessions, OLK fell by -3.30%, which changed the moving average for the period of 200-days by +16.54% in comparison to the 20-day moving average, which settled at $23.33. In addition, Olink Holding AB (publ) ADR saw -11.45% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for OLK
Current profitability levels for the company are sitting at:
- -0.29 for the present operating margin
- 0.68 for the gross margin
The net margin for Olink Holding AB (publ) ADR stands at -0.19. The total capital return value is set at -0.09. Equity return is now at value -6.93, with -5.87 for asset returns.
Based on Olink Holding AB (publ) ADR (OLK), the company’s capital structure generated 0.05 points at debt to capital in total, while cash flow to debt ratio is standing at -1.12. The debt to equity ratio resting at 0.05. The interest coverage ratio of the stock is -58.42.
Currently, EBITDA for the company is -30.91 million with net debt to EBITDA at 3.71. When we switch over and look at the enterprise to sales, we see a ratio of 15.71. The receivables turnover for the company is 2.57for trailing twelve months and the total asset turnover is 0.28. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.75.
Conclusion
In conclusion, Olink Holding AB (publ) ADR (OLK) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
