S&P 500   4,082.93 (+0.07%)
DOW   34,445.36 (-0.42%)
QQQ   293.79 (+0.15%)
AAPL   148.62 (+0.40%)
MSFT   255.51 (+0.15%)
META   120.30 (+1.86%)
GOOGL   101.20 (+0.21%)
AMZN   95.50 (-1.08%)
TSLA   194.27 (-0.22%)
NVDA   171.83 (+1.54%)
NIO   12.09 (-5.40%)
BABA   86.19 (-1.56%)
AMD   77.28 (-0.45%)
T   19.16 (-0.62%)
MU   55.58 (-3.59%)
CGC   3.87 (+6.91%)
F   14.05 (+1.08%)
GE   85.39 (-0.67%)
DIS   98.34 (+0.48%)
AMC   8.64 (+19.50%)
PYPL   78.26 (-0.19%)
PFE   51.04 (+1.82%)
NFLX   317.67 (+3.97%)
S&P 500   4,082.93 (+0.07%)
DOW   34,445.36 (-0.42%)
QQQ   293.79 (+0.15%)
AAPL   148.62 (+0.40%)
MSFT   255.51 (+0.15%)
META   120.30 (+1.86%)
GOOGL   101.20 (+0.21%)
AMZN   95.50 (-1.08%)
TSLA   194.27 (-0.22%)
NVDA   171.83 (+1.54%)
NIO   12.09 (-5.40%)
BABA   86.19 (-1.56%)
AMD   77.28 (-0.45%)
T   19.16 (-0.62%)
MU   55.58 (-3.59%)
CGC   3.87 (+6.91%)
F   14.05 (+1.08%)
GE   85.39 (-0.67%)
DIS   98.34 (+0.48%)
AMC   8.64 (+19.50%)
PYPL   78.26 (-0.19%)
PFE   51.04 (+1.82%)
NFLX   317.67 (+3.97%)
S&P 500   4,082.93 (+0.07%)
DOW   34,445.36 (-0.42%)
QQQ   293.79 (+0.15%)
AAPL   148.62 (+0.40%)
MSFT   255.51 (+0.15%)
META   120.30 (+1.86%)
GOOGL   101.20 (+0.21%)
AMZN   95.50 (-1.08%)
TSLA   194.27 (-0.22%)
NVDA   171.83 (+1.54%)
NIO   12.09 (-5.40%)
BABA   86.19 (-1.56%)
AMD   77.28 (-0.45%)
T   19.16 (-0.62%)
MU   55.58 (-3.59%)
CGC   3.87 (+6.91%)
F   14.05 (+1.08%)
GE   85.39 (-0.67%)
DIS   98.34 (+0.48%)
AMC   8.64 (+19.50%)
PYPL   78.26 (-0.19%)
PFE   51.04 (+1.82%)
NFLX   317.67 (+3.97%)
S&P 500   4,082.93 (+0.07%)
DOW   34,445.36 (-0.42%)
QQQ   293.79 (+0.15%)
AAPL   148.62 (+0.40%)
MSFT   255.51 (+0.15%)
META   120.30 (+1.86%)
GOOGL   101.20 (+0.21%)
AMZN   95.50 (-1.08%)
TSLA   194.27 (-0.22%)
NVDA   171.83 (+1.54%)
NIO   12.09 (-5.40%)
BABA   86.19 (-1.56%)
AMD   77.28 (-0.45%)
T   19.16 (-0.62%)
MU   55.58 (-3.59%)
CGC   3.87 (+6.91%)
F   14.05 (+1.08%)
GE   85.39 (-0.67%)
DIS   98.34 (+0.48%)
AMC   8.64 (+19.50%)
PYPL   78.26 (-0.19%)
PFE   51.04 (+1.82%)
NFLX   317.67 (+3.97%)

OneConnect Financial Technology - OCFT Stock Forecast, Price & News

$0.66
+0.04 (+5.83%)
(As of 12/1/2022 02:20 PM ET)
Add
Compare
Today's Range
$0.61
$0.68
50-Day Range
$0.51
$0.91
52-Week Range
$0.47
$2.83
Volume
9,424 shs
Average Volume
684,015 shs
Market Capitalization
$257.16 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$1.59

OneConnect Financial Technology MarketRank™ Forecast

Analyst Rating
Hold
1.50 Rating Score
Upside/​Downside
141.1% Upside
$1.59 Price Target
Short Interest
Healthy
0.78% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.33) to ($0.29) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.81 out of 5 stars

Business Services Sector

308th out of 331 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

58th out of 65 stocks

OCFT stock logo

About OneConnect Financial Technology (NYSE:OCFT) Stock

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 digital retail banking, digital commercial banking, digital auto insurance and life insurance, and artificial intelligence customer services, as well as sales management, risk management, and operation support services. The company also operates gamma core banking system, a customer centric solution; digitalized management platform that offers digital infrastructure for financial institutions to manage various aspects of their business, including data, smart operation, comprehensive risk, and asset and liability management, as well as accounting, personnel, and office management; Gamma FinCloud, an open PaaS and IaaS platform for ready-to-integrate financial technology components; and Blockchain network-as-a-service. In addition, it operates Regtech, an end-to-end regulatory solution to help regulatory authorities automate and digitalize their operations; and offers asset management and consulting services. The company serves customers in the financial services industry, including banking, insurance, and other financial institutions. It has a strategic agreement with the Hainan Local Financial Supervision Administration to develop smart financial and smart supervision services in the island province of Hainan, as well as the financial sector in Hainan free trade port. OneConnect Financial Technology Co., Ltd. was founded in 2015 and is headquartered in Shenzhen, the People's Republic of China.

Receive OCFT Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for OneConnect Financial Technology and its competitors with MarketBeat's FREE daily newsletter.

OCFT Stock News Headlines

OneConnect Announces ADS Ratio Change
OneConnect unveils OneConnect Smart Technology in the UAE
OCFT OneConnect Financial Technology Co., Ltd.
OneConnect Financial Technology Co Ltd
See More Headlines
Receive OCFT Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for OneConnect Financial Technology and its competitors with MarketBeat's FREE daily newsletter.

OCFT Company Calendar

Last Earnings
11/10/2022
Today
12/01/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/23/2023

Industry, Sector and Symbol

Industry
Computer programming, data processing, & other computer related
Sub-Industry
N/A
Fax
N/A
Employees
3,842
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$1.59
High Stock Price Forecast
$1.59
Low Stock Price Forecast
$1.59
Forecasted Upside/Downside
+141.1%
Consensus Rating
Hold
Rating Score (0-4)
1.50
Research Coverage
2 Analysts

Profitability

Net Income
$-198,660,000.00
Pretax Margin
-26.23%

Debt

Sales & Book Value

Annual Sales
$640.51 million
Book Value
$1.32 per share

Miscellaneous

Free Float
N/A
Market Cap
$257.16 million
Optionable
Not Optionable
Beta
0.26

Key Executives

  • Mr. Chong Feng Shen (Age 51)
    Chairman & CEO
  • Mr. Yongtao Luo (Age 47)
    Chief Financial Officer
  • Ms. Danielle Gao
    Head of Investor Relations
  • Mr. Xuhua Chen
    Chief Marketing Officer
  • Ms. Chen Rong (Age 54)
    Co-GM & Director
  • Dr. Runzhong Huang (Age 49)
    Exec. VP
  • Ms. Bin Ru Tan
    Chief Exec. 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













OCFT Stock - Frequently Asked Questions

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

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for OneConnect Financial Technology in the last year. There are currently 1 sell rating and 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" OCFT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in OCFT, but not buy additional shares or sell existing shares.
View OCFT analyst ratings
or view top-rated stocks.

What is OneConnect Financial Technology's stock price forecast for 2023?

2 brokerages have issued 1-year target prices for OneConnect Financial Technology's shares. Their OCFT share price forecasts range from $1.59 to $1.59. On average, they expect the company's share price to reach $1.59 in the next year. This suggests a possible upside of 155.2% 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 2022?

OneConnect Financial Technology's stock was trading at $2.47 at the start of the year. Since then, OCFT stock has decreased by 74.8% and is now trading at $0.6231.
View the best growth stocks for 2022 here
.

When is OneConnect Financial Technology's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
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 Thursday, November, 10th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.07) by $0.02. The business had revenue of $156.20 million for the quarter, compared to analysts' expectations of $147.27 million. OneConnect Financial Technology had a negative trailing twelve-month return on equity of 27.87% and a negative net margin of 23.60%.

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) served 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 New York Stock Exchange (NYSE) under the ticker symbol "OCFT."

Who are OneConnect Financial Technology's major shareholders?

OneConnect Financial Technology's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include M&G Investment Management Ltd. (1.36%), Vanguard Group Inc. (1.23%), BlackRock Inc. (0.77%), State Street Corp (0.55%), Renaissance Technologies LLC (0.21%) and California Public Employees Retirement System (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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is OneConnect Financial Technology's stock price today?

One share of OCFT stock can currently be purchased for approximately $0.62.

How much money does OneConnect Financial Technology make?

OneConnect Financial Technology (NYSE:OCFT) has a market capitalization of $243.00 million and generates $640.51 million in revenue each year. The company earns $-198,660,000.00 in net income (profit) each year or ($0.44) on an earnings per share basis.

How many employees does OneConnect Financial Technology have?

The company employs 3,842 workers across the globe.

How can I contact OneConnect Financial Technology?

OneConnect Financial Technology's mailing address is 55F PING AN FINANCIAL CENTER NO. 5033 YITIAN ROAD, SHENZHEN F4, 518000. The official website for the company is www.ocft.com. The company can be reached via phone at 852-3757-9718 or via email at patricia.cheng@ocft.com.

This page (NYSE:OCFT) was last updated on 12/1/2022 by MarketBeat.com Staff