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 188.5% 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 43.7% and is now trading at $1.82. 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 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) issued its earnings results on Monday, March, 18th. The company reported ($0.31) earnings per share for the quarter. The firm earned $128.31 million during the quarter, compared to the consensus estimate of $117.43 million. OneConnect Financial Technology had a negative trailing twelve-month return on equity of 11.80% and a negative net margin of 9.90%.

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 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) acted as the underwriters for the IPO and BofA Securities, HSBC, CLSA and KeyBanc Capital Markets were co-managers.

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 .

NYSE:OCFT

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

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Free OCFT Stock Alerts

$1.82

+0.04 (+2.25%)

(As of 04/18/2024 ET)

Compare

Today's Range: $1.79
▼
$1.91
50-Day Range: $1.82
▼
$2.54
52-Week Range: $1.77
▼
$6.00

Volume: 33,263 shs
Average Volume: 21,038 shs
Market Capitalization: $70.98 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $5.25

Get OneConnect Financial Technology alerts:

OneConnect Financial Technology MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 188.5% Upside
$5.25 Price Target
Short Interest: Healthy
0.10% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.30
Based on 2 Articles This Week
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.

2.93 out of 5 stars

Computer And Technology Sector

307th out of 587 stocks

Software - Application Industry

7th out of 9 stocks

3.5

Analyst's Opinion

Consensus Rating
OneConnect 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 Coverage
OneConnect Financial Technology has only been the subject of 1 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
0.10% of the float of OneConnect Financial Technology has been sold short.
Short Interest Ratio / Days to Cover
OneConnect Financial Technology has a short interest ratio ("days to cover") of 1.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in OneConnect Financial Technology has recently decreased by 12.18%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
OneConnect Financial Technology does not currently pay a dividend.
Dividend Growth
OneConnect Financial Technology does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for OCFT.

2.9

News and Social Media Coverage

News Sentiment
OneConnect Financial Technology has a news sentiment score of 0.30. 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 0.49 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for OneConnect Financial Technology this week, compared to 0 articles on an average week.
Search Interest
2 people have searched for OCFT on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.
MarketBeat Follows
3 people have added OneConnect Financial Technology to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, OneConnect Financial Technology insiders have not sold or bought any company stock.
Percentage Held by Institutions
Only 4.05% of the stock of OneConnect Financial Technology is held by institutions.

1.3

Earnings and Valuation

Earnings Growth
Earnings 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 Market
The P/E ratio of OneConnect Financial Technology is -1.28, 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. Sector
The P/E ratio of OneConnect Financial Technology is -1.28, 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 Ratio
OneConnect Financial Technology has a P/B Ratio of 0.17. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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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

30 days | 90 days | 365 days | Advanced Chart

OCFT Stock News Headlines

April 18, 2024 | americanbankingnews.com

OneConnect Financial Technology (NYSE:OCFT) Stock Price Down 4.2%

April 15, 2024 | finance.yahoo.com

OneConnect Financial Technology Co., Ltd. (OCFT)

April 18, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

March 23, 2024 | wsj.com

OneConnect Financial Technology Co. Ltd. ADR

March 20, 2024 | seekingalpha.com

OneConnect Financial Technology Co., Ltd. (OCFT) Q4 2023 Earnings Call Transcript

March 19, 2024 | markets.businessinsider.com

Analysts Offer Insights on Technology Companies: OneConnect Financial Technology (OCFT), Cisco Systems (CSCO) and IPG Photonics (IPGP)

March 19, 2024 | finance.yahoo.com

OneConnect Financial Technology Co., Ltd. (NYSE:OCFT) Q4 2023 Earnings Call Transcript

March 18, 2024 | msn.com

OneConnect Financial Technology reports Q4 results

April 18, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

March 6, 2024 | finance.yahoo.com

OneConnect to Announce Fourth Quarter and Full Year 2023 Financial Results

December 20, 2023 | finance.yahoo.com

The Zacks Analyst Blog Highlights Enanta, OneConnect Financial, KNOT Offshore, Hippo Holdings and H World

December 7, 2023 | morningstar.com

OneConnect Financial Technology Co Ltd ADR OCFT

November 13, 2023 | msn.com

OneConnect Financial Technology Non-GAAP EPS of -RMB2.50, revenue of RMB844M

November 13, 2023 | finance.yahoo.com

OneConnect Announces Third Quarter and Nine Months Ended September 30, 2023 Unaudited Financial Results

November 12, 2023 | markets.businessinsider.com

OneConnect Financial Technology earnings preview: what Wall Street is expecting

November 1, 2023 | finance.yahoo.com

OneConnect to Announce Third Quarter 2023 Financial Results

August 17, 2023 | finance.yahoo.com

Q2 2023 OneConnect Financial Technology Co Ltd Earnings Call

August 15, 2023 | benzinga.com

OneConnect Financial Tech's Earnings Outlook

August 11, 2023 | fool.com

OneConnect Financial Technology (NYSE: OCFT)

August 1, 2023 | finance.yahoo.com

OneConnect to Announce Second Quarter 2023 Financial Results

July 15, 2023 | morningstar.com

OneConnect Financial Technology Co Ltd ADR

July 6, 2023 | msn.com

Oneconnect Financial Technology Co Ltd - ADR (OCFT) Price Target Decreased by 31.75% to 5.39

June 27, 2023 | markets.businessinsider.com

Pre-market Movers: ASTC, RPHM, AEL, MEDS, OCFT…

June 14, 2023 | finance.yahoo.com

How Much Upside is Left in OneConnect Financial Technology Co., Ltd. Sponsored ADR (OCFT)? Wall Street Analysts Think 87.81%

May 29, 2023 | finance.yahoo.com

OneConnect Announces 2023 Annual General Meeting Results

May 22, 2023 | finance.yahoo.com

Q1 2023 OneConnect Financial Technology Co Ltd Earnings Call

May 22, 2023 | msn.com

Why Are OneConnect Shares Falling Today

See More Headlines

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Company Calendar

Last Earnings: 3/18/2024
Today: 4/18/2024
Next Earnings (Estimated): 5/27/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Business Services
Industry: Computer programming, data processing, & other computer related
Sub-Industry: N/A
Current Symbol: NYSE:OCFT
CUSIP: N/A
CIK: 1780531
Web: www.ocft.com
Phone: 852-3757-9718
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: +186.9%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.42)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-51,250,000.00
Net Margins: -9.90%
Pretax Margin: -9.86%
Return on Equity: -11.80%
Return on Assets: -4.34%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.06
Quick Ratio: 1.17

Sales & Book Value

Annual Sales: $518.92 million
Price / Sales: 0.14
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $10.68 per share
Price / Book: 0.17

Miscellaneous

Outstanding Shares: 39,000,000
Free Float: N/A
Market Cap: $71.37 million
Optionable: Optionable
Beta: 0.64

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Key Executives

Mr. Chong Feng Shen (Age 53)
Chairman of the Board & CEO
Comp: $647.12k
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

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

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 188.5% 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 43.7% and is now trading at $1.82.
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 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) issued its earnings results on Monday, March, 18th. The company reported ($0.31) earnings per share for the quarter. The firm earned $128.31 million during the quarter, compared to the consensus estimate of $117.43 million. OneConnect Financial Technology had a negative trailing twelve-month return on equity of 11.80% and a negative net margin of 9.90%.
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 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) acted as the underwriters for the IPO and BofA Securities, HSBC, CLSA and KeyBanc Capital Markets were co-managers.
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 4/18/2024 by MarketBeat.com Staff

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