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NYSE:OCFT

OneConnect Financial Technology (OCFT) Stock Price, News & Analysis

$2.21
0.00 (0.00%)
(As of 10:59 AM ET)
Today's Range
$2.20
$2.28
50-Day Range
$2.08
$2.74
52-Week Range
$2.08
$6.00
Volume
6,155 shs
Average Volume
21,786 shs
Market Capitalization
$86.19 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$5.25

OneConnect Financial Technology MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
132.3% Upside
$5.25 Price Target
Short Interest
Healthy
0.11% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($1.15) to ($1.07) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.69 out of 5 stars

Business Services Sector

174th out of 311 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

31st out of 56 stocks

OCFT stock logo

About OneConnect Financial Technology Stock (NYSE:OCFT)

OneConnect Financial Technology Co., Ltd. provides cloud-platform-based Fintech solutions, and online information and operating support services for financial institutions in the People's Republic of China. It offers AI Banker App to banks' relationship managers for managing the acquisition of retail customers and their relationships with retail customers; retail banking operation management platform for monitor retail banking business; wealth management platform that provides banks with tools to enhance the efficiency of their wealth management business; customer incentive and management platform, which helps banks to set up their own customer reward portals; and intelligent risk management solutions. The company also offers commercial-banking-as-a-service solutions, including intelligent service, intelligent product development, and intelligent risk management platforms; digital services platforms for government agencies that provide integrated credit, cross-border trade, financial, and enterprise services; banking core system solutions; and digital insurance solutions for digitalizing the insurance process, marketing, customer management, and claim processing, as well as customers service management platforms for auto aftermarket and healthcare services. In addition, it provides Gamma Voice Solution, an AI customer service for financial institutions; and Gamma FinCloud Open Platform, a plug-and-play, ready-to-integrate application development components for financial institutions. Further, the company offers information transmission, information technology advisory services, E-commerce security certificate administration, insurance survey and loss adjustment, and asset management and consulting. OneConnect Financial Technology Co., Ltd. was founded in 2015 and is headquartered in Shenzhen, the People's Republic of China.

OCFT Stock Price History

OCFT Stock News Headlines

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OneConnect Financial Technology (NYSE:OCFT) PT Raised to $7.00
Buy Friday, Sell Monday, No Exceptions
Every week traders grind it out Monday through Friday… But neglect trading Friday to Monday… Or… “over the weekend” As one professional trader explains, trading over the weekend is one of the most forgiving strategies you can use today. It allows him to sidestep a lot of the midweek volatility. Yet, gives him the opportunity to target some of the markets biggest stock moves. Just recently, he posted a trade on Nordstrom… The trade was published at 3pm on a Friday afternoon and by Monday morning the trade more than doubled.
OneConnect Financial Technology Co Ltd ADR OCFT
OneConnect Financial Tech's Earnings Outlook
OneConnect Financial Technology Co Ltd ADR
Pre-market Movers: ASTC, RPHM, AEL, MEDS, OCFT…
See More Headlines
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Company Calendar

Last Earnings
11/18/2021
Today
3/28/2024
Next Earnings (Estimated)
5/27/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Computer programming, data processing, & other computer related
Sub-Industry
N/A
Fax
N/A
Employees
2,832
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$5.25
High Stock Price Target
$7.00
Low Stock Price Target
$3.50
Potential Upside/Downside
+132.3%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$-51,250,000.00
Pretax Margin
-9.86%

Debt

Sales & Book Value

Annual Sales
$3.99 billion
Book Value
$10.68 per share

Miscellaneous

Free Float
N/A
Market Cap
$88.14 million
Optionable
Optionable
Beta
0.64
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Key Executives

  • Mr. Chong Feng Shen (Age 53)
    Chairman of the Board & CEO
    Comp: $647.85k
  • Mr. Yongtao Luo (Age 49)
    Chief Financial Officer
  • Ms. Danielle Gao
    Head of Investor Relations
  • Mr. Xuhua Chen
    Chief Marketing Officer
  • Dr. Runzhong Huang (Age 51)
    Executive Vice President
  • Ms. Bin Ru Tan
    Chief Executive Officer of Southeast Asia
  • Ms. Fang Liu
    GM Assistant, Chief Products Officer & CEO of Insurance Division
  • Mr. Qingshan Gu
    Chief Technology Officer of Gamma Division & Insurance Division
  • Mr. Tsz Fung Chan
    Company Secretary

OCFT Stock Analysis - Frequently Asked Questions

Should I buy or sell OneConnect Financial Technology stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for OneConnect Financial Technology in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" OCFT shares.
View OCFT analyst ratings
or view top-rated stocks.

What is OneConnect Financial Technology's stock price target for 2024?

1 Wall Street analysts have issued twelve-month price objectives for OneConnect Financial Technology's stock. Their OCFT share price targets range from $3.50 to $7.00. On average, they predict the company's share price to reach $5.25 in the next twelve months. This suggests a possible upside of 132.3% from the stock's current price.
View analysts price targets for OCFT
or view top-rated stocks among Wall Street analysts.

How have OCFT shares performed in 2024?

OneConnect Financial Technology's stock was trading at $3.23 at the beginning of the year. Since then, OCFT shares have decreased by 30.0% and is now trading at $2.26.
View the best growth stocks for 2024 here
.

Are investors shorting OneConnect Financial Technology?

OneConnect Financial Technology saw a decrease in short interest in the month of February. As of February 29th, there was short interest totaling 40,200 shares, a decrease of 18.1% from the February 14th total of 49,100 shares. Based on an average daily volume of 22,400 shares, the days-to-cover ratio is presently 1.8 days. Approximately 0.1% of the shares of the stock are sold short.
View OneConnect Financial Technology's Short Interest
.

When is OneConnect Financial Technology's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, May 27th 2024.
View our OCFT earnings forecast
.

How were OneConnect Financial Technology's earnings last quarter?

OneConnect Financial Technology Co., Ltd. (NYSE:OCFT) released its quarterly earnings data on Thursday, November, 18th. The company reported ($1.10) earnings per share for the quarter, topping the consensus estimate of ($1.20) by $0.10. The business earned $164.53 million during the quarter. OneConnect Financial Technology had a negative net margin of 9.90% and a negative trailing twelve-month return on equity of 11.80%. During the same period in the previous year, the company earned ($1.00) EPS.

When did OneConnect Financial Technology's stock split?

OneConnect Financial Technology shares reverse split on the morning of Monday, December 12th 2022. The 1-10 reverse split was announced on Monday, December 12th 2022. The number of shares owned by shareholders was adjusted after the market closes on Monday, December 12th 2022. An investor that had 100 shares of stock prior to the reverse split would have 10 shares after the split.

When did OneConnect Financial Technology IPO?

OneConnect Financial Technology (OCFT) raised $468 million in an initial public offering (IPO) on Friday, December 13th 2019. The company issued 36,000,000 shares at a price of $12.00-$14.00 per share. Morgan Stanley, Goldman Sachs (Asia), J.P. Morgan and Ping An of China Securities (Hong Kong) served as the underwriters for the IPO and BofA Securities, HSBC, CLSA and KeyBanc Capital Markets were co-managers.

Who are OneConnect Financial Technology's major shareholders?

OneConnect Financial Technology's stock is owned by a variety of institutional and retail investors. Top institutional investors include Virtu Financial LLC (0.03%), Goldman Sachs Group Inc. (0.03%), Goldman Sachs Group Inc. (0.03%) and Concourse Financial Group Securities Inc. (0.00%).

How do I buy shares of OneConnect Financial Technology?

Shares of OCFT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:OCFT) was last updated on 3/28/2024 by MarketBeat.com Staff

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