Olink Holding AB (publ) (OLK) to Release Quarterly Earnings on Thursday

Olink Holding AB (publ) (NASDAQ:OLKGet Rating) is scheduled to issue its quarterly earnings data before the market opens on Thursday, August 11th. Analysts expect the company to announce earnings of ($0.13) per share for the quarter. Olink Holding AB (publ) has set its FY 2022 guidance at EPS.Parties interested in listening to the company’s conference call can do so using this link.

Olink Holding AB (publ) (NASDAQ:OLKGet Rating) last posted its quarterly earnings data on Thursday, May 12th. The company reported ($0.10) EPS for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.07. The company had revenue of $22.68 million for the quarter, compared to analyst estimates of $20.14 million. Olink Holding AB (publ) had a negative return on equity of 7.46% and a negative net margin of 34.81%. During the same quarter in the previous year, the firm earned ($0.48) earnings per share. On average, analysts expect Olink Holding AB (publ) to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Olink Holding AB (publ) Trading Up 2.8 %

OLK stock opened at $15.25 on Thursday. The company has a market cap of $1.82 billion, a P/E ratio of -49.19 and a beta of 0.38. Olink Holding AB has a twelve month low of $8.39 and a twelve month high of $38.01. The company has a quick ratio of 5.15, a current ratio of 6.23 and a debt-to-equity ratio of 0.01. The business has a fifty day moving average of $13.27 and a 200-day moving average of $14.77.

Institutional Investors Weigh In On Olink Holding AB (publ)

Several large investors have recently modified their holdings of the business. Raymond James & Associates acquired a new position in shares of Olink Holding AB (publ) during the first quarter worth about $209,000. Clearbridge Investments LLC boosted its position in shares of Olink Holding AB (publ) by 0.8% during the first quarter. Clearbridge Investments LLC now owns 1,448,029 shares of the company’s stock worth $25,572,000 after buying an additional 11,655 shares during the period. UBS Group AG boosted its position in Olink Holding AB (publ) by 174.3% during the first quarter. UBS Group AG now owns 7,071 shares of the company’s stock valued at $125,000 after purchasing an additional 4,493 shares during the last quarter. Gilder Gagnon Howe & Co. LLC boosted its position in Olink Holding AB (publ) by 45.1% during the first quarter. Gilder Gagnon Howe & Co. LLC now owns 74,307 shares of the company’s stock valued at $1,312,000 after purchasing an additional 23,080 shares during the last quarter. Finally, Capital International Investors boosted its position in Olink Holding AB (publ) by 19.7% during the first quarter. Capital International Investors now owns 1,409,527 shares of the company’s stock valued at $24,892,000 after purchasing an additional 232,371 shares during the last quarter. 28.36% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group dropped their price objective on Olink Holding AB (publ) from $20.00 to $16.00 and set a “neutral” rating for the company in a report on Thursday, July 14th.

About Olink Holding AB (publ)

(Get Rating)

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.

See Also

Earnings History for Olink Holding AB (publ) (NASDAQ:OLK)

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