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NASDAQ:OCFT - OneConnect Financial Technology Stock Price, Forecast & News

+0.08 (+0.57 %)
(As of 01/17/2020 04:00 PM ET)
Today's Range
Now: $14.20
50-Day Range N/A
52-Week Range
Now: $14.20
Volume475,615 shs
Average Volume714,676 shs
Market Capitalization$5.19 billion
P/E RatioN/A
Dividend YieldN/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 banking risk-management, 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 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.

Industry, Sector and Symbol

Industry Software—Application
Current SymbolNASDAQ:OCFT
Phone86 21 2066 0625



Sales & Book Value

Annual SalesN/A



Market Cap$5.19 billion
Next Earnings DateN/A
OptionableNot Optionable

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OneConnect Financial Technology (NASDAQ:OCFT) Frequently Asked Questions

What is OneConnect Financial Technology's stock symbol?

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

What price target have analysts set for OCFT?

4 brokerages have issued 12 month target prices for OneConnect Financial Technology's stock. Their forecasts range from $15.00 to $18.00. On average, they anticipate OneConnect Financial Technology's stock price to reach $16.23 in the next year. This suggests a possible upside of 14.3% from the stock's current price. View Analyst Price Targets for OneConnect Financial Technology.

What is the consensus analysts' recommendation for OneConnect Financial Technology?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for OneConnect Financial Technology in the last year. There are currently 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for OneConnect Financial Technology.

Has OneConnect Financial Technology been receiving favorable news coverage?

News coverage about OCFT stock has been trending negative recently, according to InfoTrie. The research group ranks the sentiment of press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. OneConnect Financial Technology earned a news sentiment score of -2.0 on InfoTrie's scale. They also assigned press coverage about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View News Stories for OneConnect Financial Technology.

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

Some companies that are related to OneConnect Financial Technology include Sprout Social (SPT), Aerometrex (AMX), Linius Tech (LNU), Abal Group (ABAL), Getswift (GSW), Syntonic (SYT) and Techniche (TCN).

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 NVIDIA (NVDA), Alibaba Group (BABA), Square (SQ), Arrowhead Pharmaceuticals (ARWR), Crispr Therapeutics (CRSP), Enphase Energy (ENPH), Incyte (INCY), Mongodb (MDB), Roku (ROKU) and Solaredge Technologies (SEDG).

Who are OneConnect Financial Technology's key executives?

OneConnect Financial Technology's management team includes the folowing people:
  • Mr. Wangchun Ye, Chairman & CEO (Age 65)
  • Mr. Lo Wei Jye, Chief Financial Officer (Age 43)
  • Ms. Rong Chen, Co-GM & Director (Age 52)
  • Mr. Yuxiang Huang, Exec. VP (Age 56)
  • Ms. Han Qiu, Co-Gen. Mang. (Age 45)

When did OneConnect Financial Technology IPO?

(OCFT) raised $468 million in an 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.

When does the company's quiet period expire?

OneConnect Financial Technology's quiet period expires on Wednesday, January 22nd. OneConnect Financial Technology had issued 31,200,000 shares in its IPO on December 13th. The total size of the offering was $312,000,000 based on an initial share price of $10.00. During the company's quiet period, insiders and any underwriters involved in the IPO are prevented from issuing any earnings forecasts or research reports for the company because of SEC regulations. Following the expiration of the company's quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

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 $14.20.

How big of a company is OneConnect Financial Technology?

OneConnect Financial Technology has a market capitalization of $5.19 billion. OneConnect Financial Technology employs 2,695 workers across the globe.View Additional Information About OneConnect Financial Technology.

What is OneConnect Financial Technology's official website?

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

How can I contact OneConnect Financial Technology?

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

MarketBeat Community Rating for OneConnect Financial Technology (NASDAQ OCFT)

Community Ranking:  3.8 out of 5 (star star star)
Outperform Votes:  6 (Vote Outperform)
Underperform Votes:  2 (Vote Underperform)
Total Votes:  8
MarketBeat's community ratings are surveys of what our community members think about OneConnect Financial Technology and other stocks. Vote "Outperform" if you believe OCFT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe OCFT will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 1/18/2020 by MarketBeat.com Staff

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