NYSE:OCFT OneConnect Financial Technology (OCFT) Stock Price, News & Analysis → Dems have chosen Biden replacement? (From Paradigm Press) (Ad) Free OCFT Stock Alerts $2.06 +0.02 (+0.98%) (As of 05/24/2024 ET) Add Compare Share Share Today's Range$2.01▼$2.0950-Day Range$1.79▼$2.4252-Week Range$1.75▼$6.00Volume16,280 shsAverage Volume21,432 shsMarket Capitalization$80.34 millionP/E RatioN/ADividend YieldN/APrice Target$5.25 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestTrends OneConnect Financial Technology MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside154.9% Upside$5.25 Price TargetShort InterestHealthy0.13% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment-0.18Based on 3 Articles This WeekInsider TradingN/AProj. Earnings GrowthGrowingFrom ($1.15) to ($1.07) Per ShareSee Full Details Hide Full Details 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.1.62 out of 5 starsBusiness Services Sector229th out of 297 stocksComputer Programming, Data Processing, & Other Computer Related Industry43rd out of 59 stocks 3.5 Analyst's Opinion Consensus RatingOneConnect Financial Technology has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.Amount of Analyst CoverageOneConnect Financial Technology has only been the subject of 1 research reports in the past 90 days.Read more about OneConnect Financial Technology's stock forecast and price target. Previous Next 3.0 Short Interest Percentage of Shares Shorted0.13% of the float of OneConnect Financial Technology has been sold short.Short Interest Ratio / Days to CoverOneConnect Financial Technology has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in OneConnect Financial Technology has recently increased by 9.11%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldOneConnect Financial Technology does not currently pay a dividend.Dividend GrowthOneConnect Financial Technology does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for OCFT. Previous Next 1.0 News and Social Media Coverage News SentimentOneConnect Financial Technology has a news sentiment score of -0.18. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.72 average news sentiment score of Business Services companies.News Coverage This WeekMarketBeat has tracked 3 news articles for OneConnect Financial Technology this week, compared to 0 articles on an average week. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, OneConnect Financial Technology insiders have not sold or bought any company stock.Percentage Held by InstitutionsOnly 4.05% of the stock of OneConnect Financial Technology is held by institutions.Read more about OneConnect Financial Technology's insider trading history. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for OneConnect Financial Technology are expected to grow in the coming year, from ($1.15) to ($1.07) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of OneConnect Financial Technology is -1.49, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of OneConnect Financial Technology is -1.49, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioOneConnect Financial Technology has a P/B Ratio of 0.20. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.Read more about OneConnect Financial Technology's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Crypto Swap ProfitsClaim Your Complimentary Bitcoin RewardMany have already secured their free Bitcoin reward offered by our esteemed guest. How about you? In an effort to spread the word about our upcoming workshop, he's generously offering $10 in Bitcoin (BTC) to participants. Absolutely no strings attached.Secure Your Spot Now 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 operates in Technology Solutions and Virtual Bank Business segments. The company offers Gamma Platform, which offers a toolbox of separate solution modules that provide technology infrastructure and underlying technologies; marketing management platform, developed from AI Banker App, provides banks relationship managers with technology that supports in managing their acquisition and relationships with retail customers; and wealth management platform that provides banks with tools to enhance the efficiency of their wealth management business. It also provides intelligent product development platform for banks, which allows to shorten product development cycle, enhance speed to market, and facilitate product portfolio management; Regtech, an end-to-end regulatory solution for financial regulatory authorities; asset-liability management solution provides analytics to enhance financial institutions asset liquidity performance; and digital insurance solutions for digitalizing the insurance process, marketing, customer management, and claim processing under intelligent property and casualty insurance and life insurance solution. In addition, the company provides Gamma Voice Solution, an AI customer service for support customer service functions; and Gamma FinCloud, which allows entities with expensive-to-replace legacy systems to directly migrate to the cloud to securely maintain their data. Further, it offers information transmission, information technology advisory, E-commerce security certificate administration, technology promotion and computer application, software and technology, insurance survey and loss adjustment, and asset management and consulting services. The company was founded in 2015 and is headquartered in Shenzhen, the People's Republic of China.Read More OCFT Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart OCFT Stock News HeadlinesMay 21, 2024 | finanznachrichten.deOneConnect Financial Technology Co., Ltd.: OneConnect Announces First Quarter 2024 Unaudited Financial ResultsMay 21, 2024 | finance.yahoo.comOneConnect Announces First Quarter 2024 Unaudited Financial ResultsMay 17, 2024 | investing.comOneconnect Financial Technology Co (OCFT)May 8, 2024 | finance.yahoo.comOneConnect to Announce First Quarter 2024 Financial ResultsApril 23, 2024 | finance.yahoo.comOneConnect Files Annual Report on Form 20-FApril 15, 2024 | finance.yahoo.comOneConnect Financial Technology Co., Ltd. (OCFT)March 23, 2024 | wsj.comOneConnect Financial Technology Co. Ltd. ADRMarch 20, 2024 | seekingalpha.comOneConnect Financial Technology Co., Ltd. (OCFT) Q4 2023 Earnings Call TranscriptMarch 19, 2024 | markets.businessinsider.comAnalysts Offer Insights on Technology Companies: OneConnect Financial Technology (OCFT), Cisco Systems (CSCO) and IPG Photonics (IPGP)March 19, 2024 | finance.yahoo.comOneConnect Financial Technology Co., Ltd. (NYSE:OCFT) Q4 2023 Earnings Call TranscriptMarch 18, 2024 | msn.comOneConnect Financial Technology reports Q4 resultsMarch 6, 2024 | finance.yahoo.comOneConnect to Announce Fourth Quarter and Full Year 2023 Financial ResultsDecember 20, 2023 | finance.yahoo.comThe Zacks Analyst Blog Highlights Enanta, OneConnect Financial, KNOT Offshore, Hippo Holdings and H WorldDecember 7, 2023 | morningstar.comOneConnect Financial Technology Co Ltd ADR OCFTNovember 13, 2023 | msn.comOneConnect Financial Technology Non-GAAP EPS of -RMB2.50, revenue of RMB844MNovember 13, 2023 | finance.yahoo.comOneConnect Announces Third Quarter and Nine Months Ended September 30, 2023 Unaudited Financial ResultsNovember 12, 2023 | markets.businessinsider.comOneConnect Financial Technology earnings preview: what Wall Street is expectingNovember 1, 2023 | finance.yahoo.comOneConnect to Announce Third Quarter 2023 Financial ResultsAugust 17, 2023 | finance.yahoo.comQ2 2023 OneConnect Financial Technology Co Ltd Earnings CallAugust 15, 2023 | benzinga.comOneConnect Financial Tech's Earnings OutlookAugust 11, 2023 | fool.comOneConnect Financial Technology (NYSE: OCFT)August 1, 2023 | finance.yahoo.comOneConnect to Announce Second Quarter 2023 Financial ResultsJuly 15, 2023 | morningstar.comOneConnect Financial Technology Co Ltd ADRJuly 6, 2023 | msn.comOneconnect Financial Technology Co Ltd - ADR (OCFT) Price Target Decreased by 31.75% to 5.39June 27, 2023 | markets.businessinsider.comPre-market Movers: ASTC, RPHM, AEL, MEDS, OCFT…See More Headlines Company Calendar Last Earnings3/18/2024Today5/25/2024Next Earnings (Estimated)8/21/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorBusiness Services Industry Computer programming, data processing, & other computer related Sub-IndustryN/A Current SymbolNYSE:OCFT CUSIPN/A CIK1780531 Webwww.ocft.com Phone852-3757-9718FaxN/AEmployees2,440Year FoundedN/APrice Target and Rating Average Stock Price Target$5.25 High Stock Price Target$7.00 Low Stock Price Target$3.50 Potential Upside/Downside+154.9%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)($1.38) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-51,250,000.00 Net Margins-10.33% Pretax Margin-8.81% Return on Equity-10.21% Return on Assets-3.70% Debt Debt-to-Equity RatioN/A Current Ratio1.32 Quick Ratio1.06 Sales & Book Value Annual Sales$518.92 million Price / Sales0.15 Cash FlowN/A Price / Cash FlowN/A Book Value$10.20 per share Price / Book0.20Miscellaneous Outstanding Shares39,000,000Free FloatN/AMarket Cap$80.34 million OptionableOptionable Beta0.63 Key ExecutivesMr. Chong Feng Shen (Age 53)Chairman of the Board & CEO Comp: $789.43kMr. Yongtao Luo (Age 49)Chief Financial Officer Ms. Danielle GaoHead of Investor RelationsMr. Xuhua ChenChief Marketing OfficerDr. Runzhong Huang (Age 51)Executive Vice President Ms. Bin Ru TanChief Executive Officer of Southeast AsiaMs. Fang LiuGM Assistant, Chief Products Officer & CEO of Insurance DivisionMr. Qingshan GuChief Technology Officer of Gamma Division & Insurance DivisionMr. Tsz Fung ChanCompany SecretaryMore ExecutivesKey CompetitorsDouYu InternationalNASDAQ:DOYUAdTheorentNASDAQ:ADTHSify TechnologiesNASDAQ:SIFYTrueCarNASDAQ:TRUELucas GCNASDAQ:LGCLView All CompetitorsInstitutional OwnershipM&G PlcBought 1,324,592 shares on 5/10/2024Ownership: 3.396%Acadian Asset Management LLCSold 16,727 shares on 5/10/2024Ownership: 0.071%View All Institutional Transactions OCFT Stock Analysis - Frequently Asked Questions Should I buy or sell OneConnect Financial Technology stock right now? 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for OneConnect Financial Technology in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research 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 research analysts have issued 1 year target prices for OneConnect Financial Technology's shares. Their OCFT share price targets range from $3.50 to $7.00. On average, they anticipate the company's stock price to reach $5.25 in the next twelve months. This suggests a possible upside of 154.9% 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 start of the year. Since then, OCFT shares have decreased by 36.2% and is now trading at $2.06. View the best growth stocks for 2024 here. When is OneConnect Financial Technology's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 21st 2024. View our OCFT earnings forecast. How were OneConnect Financial Technology's earnings last quarter? OneConnect Financial Technology Co., Ltd. (NYSE:OCFT) announced its quarterly earnings data on Monday, March, 18th. The company reported ($0.31) earnings per share for the quarter. The company had revenue of $128.31 million for the quarter, compared to analysts' expectations of $117.43 million. OneConnect Financial Technology had a negative net margin of 10.33% and a negative trailing twelve-month return on equity of 10.21%. When did OneConnect Financial Technology's stock split? OneConnect Financial Technology's stock reverse split on 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 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. Who are OneConnect Financial Technology's major shareholders? OneConnect Financial Technology's stock is owned by many different institutional and retail investors. Top institutional investors include M&G Plc (3.40%) and Acadian Asset Management LLC (0.07%). 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 5/25/2024 by MarketBeat.com Staff From Our PartnersThis could mean the end of the U.S dollar…Colonial MetalsClaim Your Complimentary Bitcoin RewardCrypto Swap ProfitsBiden FINISHED On June 13th?Paradigm PressJust $9 for a Year of Winning Market InsightsBehind the MarketsElon’s New Device is About to Shock the WorldInvestorPlaceUrgent Nvidia WarningAltimetryShocking $16T Elon Musk Crypto LeakCrypto 101 MediaNew Options need New Trading StrategiesNetpicks Adding Choose a watchlist: Watchlist My Default Watchlist Adding OneConnect Financial Technology Co., Ltd. You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. 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