What Technical Indicators Show About Olink Holding AB (publ) (OLK)?

Olink Holding AB (publ) (NASDAQ:OLK) finished Friday with a subtraction of -$0.37 to close at $29.88, a downside of -1.22 percent. An average of 211,460 shares of common stock have been traded in the last five days. There was a gain of $0.88 in the past week. The last 20 days have seen an average of 227,585 shares traded, while the 50-day average volume stands at 276,584.

OLK stock has increased by 27.37% in the last month. The company shares reached their 1-month lowest point of $22.30 on 09/27/21. Shares of the company touched a low of $22.30 and a high of $42.20 in 52 weeks. In spite of this, the price is down -29.19% from the 52-week high.


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Valuation Metrics

Olink Holding AB (publ) (OLK) has a trailing price-to-earnings (P/E) ratio of 26.50 for the broader industry and 33.43 for the sector. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 59.57.

Olink Holding AB (publ)’s EBITDA margin for the year ending June 29 is 12.38%. Its gross profit as reported stood at $36.61 million compared to revenue of $54.07 million.

Earnings Surprise

The analyst consensus anticipated Olink Holding AB (publ)’s latest quarter earnings to come in at -$0.07 per share, but it turned out to be -$0.09, a -28.60% surprise. For the quarter, EBITDA amounted to -$7.65 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Olink Holding AB (publ) (OLK) price momentum. RSI 9-day as of the close on 22 October was 67.70%, suggesting the stock is Neutral, with historical volatility in this time frame at 53.84%.

As of today, OLK’s price is $29.51 +3.03% or $0.88 from its 5-day moving average. OLK is currently trading +21.17% higher than its 20-day SMA and -20.15% lower than its 100-day SMA. However, the stock’s current price level is +4.48% above the SMA50.

The stochastic %K and %D were 89.75% and 89.21%, respectively, and the average true range (ATR) was 1.89. With the 14-day stochastic at 86.79% and the average true range at 1.90, the RSI (14) stands at 61.49%. The stock has reached 1.57 on the 9-day MACD Oscillator while the 14-day reading was at 3.04.

Analyst Ratings

SVB Leerink launched coverage on Olink Holding AB (publ) (NASDAQ: OLK) in its analyst report released on April 19, 2021. The firm assigned the stock a an Outperform rating. The consensus rating for Olink Holding AB (publ) (OLK) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell OLK, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.

What is OLK’s price target for the next 12 months?

Analysts predict a range of price targets between $36.00 and $50.00, with a median target of $43.00. Taking a look at these predictions, the average price target given by analysts for Olink Holding AB (publ) (OLK) stock is $43.00.

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