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NASDAQ:OCFT

OneConnect Financial Technology Stock Forecast, Price & News

$20.57
-0.05 (-0.24 %)
(As of 09/28/2020 12:37 AM ET)
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Today's Range
$19.78
Now: $20.57
$20.73
50-Day Range
$18.35
MA: $20.74
$24.76
52-Week Range
$9.02
Now: $20.57
$28.80
Volume449,700 shs
Average Volume551,374 shs
Market Capitalization$7.52 billion
P/E RatioN/A
Dividend YieldN/A
BetaN/A
OneConnect Financial Technology Co., Ltd. operates as a technology-as-a-service platform for financial institutions in the People's Republic of China. The company provides cloud-platform-based Fintech solutions, and online information and operating support services. It offers digital retail banking, small and medium enterprises (SME) financing and services, retail and SME banking risk-management, auto insurance operations and services, asset management, asset-liability management, artificial intelligence customer service, core systems, and insurance sales management solutions. The company also operates Regtech, an end-to-end regulatory solution to help regulatory authorities automate and digitalize their operations; Gamma O, an open API platform-as-a-service for reusable financial technology components and integrations; and Blockchain network-as-a-service. In addition, it provides technology infrastructure, such as data management and cloud services. The company serves customers in the financial services industry, including banking, insurance, and asset management. OneConnect Financial Technology Co., Ltd. was founded in 2015 and is headquartered in Shenzhen, China. OneConnect Financial Technology Co., Ltd. operates as a subsidiary of Sen Rong Limited.
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Beat the Market (BTM) Rank

Analyst Opinion: 1.3Community Rank: 3.3Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

0.92 out of 5 stars


Industry, Sector and Symbol

Industry Software—Application
Sub-IndustryN/A
SectorN/A
Current SymbolNASDAQ:OCFT
CUSIPN/A
CIKN/A
Phone86 21 2066 0625

Debt

Price-To-Earnings

Sales & Book Value

Annual SalesN/A

Profitability

Miscellaneous

Employees3,631
Market Cap$7.52 billion
Next Earnings DateN/A
OptionableNot Optionable
$20.57
-0.05 (-0.24 %)
(As of 09/28/2020 12:37 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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OneConnect Financial Technology (NASDAQ:OCFT) Frequently Asked Questions

How has OneConnect Financial Technology's stock price been impacted by COVID-19?

OneConnect Financial Technology's stock was trading at $11.23 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, OCFT shares have increased by 83.2% and is now trading at $20.57.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of OneConnect Financial Technology?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for OneConnect Financial Technology in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for OneConnect Financial Technology
.

How were OneConnect Financial Technology's earnings last quarter?

OneConnect Financial Technology Co. (NASDAQ:OCFT) announced its earnings results on Tuesday, August, 4th. The company reported $0.31 earnings per share for the quarter, beating the Zacks' consensus estimate of ($0.15) by $0.46. The business had revenue of $109.27 million for the quarter, compared to the consensus estimate of $111.66 million.
View OneConnect Financial Technology's earnings history
.

What price target have analysts set for OCFT?

5 Wall Street analysts have issued 1-year target prices for OneConnect Financial Technology's shares. Their forecasts range from $13.30 to $28.00. On average, they anticipate OneConnect Financial Technology's share price to reach $19.86 in the next year. This suggests that the stock has a possible downside of 3.5%.
View analysts' price targets for OneConnect Financial Technology
.

Who are some of OneConnect Financial Technology's key competitors?

What other stocks do shareholders of OneConnect Financial Technology own?

Based on aggregate information from My MarketBeat watchlists, some companies that other OneConnect Financial Technology investors own include Alibaba Group (BABA), NVIDIA (NVDA), Advanced Micro Devices (AMD), Roku (ROKU), Tesla (TSLA), Crowdstrike (CRWD), Fastly (FSLY), Mastercard (MA), Square (SQ) and Teladoc Health (TDOC).

Who are OneConnect Financial Technology's key executives?

OneConnect Financial Technology's management team includes the following people:
  • Mr. Wangchun Ye, Chairman & CEO (Age 65)
  • Mr. Lo Wei Jye, Chief Financial Officer (Age 43)
  • Patricia Cheng, Investor Relations Officer
  • Ms. Rong Chen, Co-GM & Director (Age 52)
  • Mr. Yuxiang Huang, Exec. VP (Age 56)

When did OneConnect Financial Technology IPO?

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

What is OneConnect Financial Technology's stock symbol?

OneConnect Financial Technology trades on the NASDAQ under the ticker symbol "OCFT."

Who are OneConnect Financial Technology's major shareholders?

OneConnect Financial Technology's stock is owned by many different institutional and retail investors. Top institutional shareholders include LA Financiere DE L Echiquier (0.21%), Bank of New York Mellon Corp (0.21%), Krane Funds Advisors LLC (0.17%), Principal Financial Group Inc. (0.15%), Principal Financial Group Inc. (0.15%) and SG Americas Securities LLC (0.14%).

Which major investors are buying OneConnect Financial Technology stock?

OCFT stock was acquired by a variety of institutional investors in the last quarter, including Krane Funds Advisors LLC, Principal Financial Group Inc., Principal Financial Group Inc., SG Americas Securities LLC, LA Financiere DE L Echiquier, Bank of New York Mellon Corp, Seafarer Capital Partners LLC, and California Public Employees Retirement System.

How do I buy shares of OneConnect Financial Technology?

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

What is OneConnect Financial Technology's stock price today?

One share of OCFT stock can currently be purchased for approximately $20.57.

How big of a company is OneConnect Financial Technology?

OneConnect Financial Technology has a market capitalization of $7.52 billion. OneConnect Financial Technology employs 3,631 workers across the globe.

What is OneConnect Financial Technology's official website?

The official website for OneConnect Financial Technology is www.oneconnectft.com.

How can I contact OneConnect Financial Technology?

The company can be reached via phone at 86 21 2066 0625.

This page was last updated on 9/28/2020 by MarketBeat.com Staff

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