S&P 500   3,851.85
DOW   31,188.38
QQQ   323.77
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S&P 500   3,851.85
DOW   31,188.38
QQQ   323.77
pixel
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S&P 500   3,851.85
DOW   31,188.38
QQQ   323.77
pixel
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S&P 500   3,851.85
DOW   31,188.38
QQQ   323.77
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NYSE:OCFT

OneConnect Financial Technology Stock Forecast, Price & News

$21.50
-0.98 (-4.36 %)
(As of 01/20/2021 12:00 AM ET)
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Today's Range
$20.87
Now: $21.50
$22.86
50-Day Range
$19.71
MA: $21.23
$22.96
52-Week Range
$9.02
Now: $21.50
$28.80
Volume1.02 million shs
Average Volume637,068 shs
Market Capitalization$7.86 billion
P/E RatioN/A
Dividend YieldN/A
BetaN/A
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, 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, the People's Republic of China. OneConnect Financial Technology Co., Ltd. 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. is a subsidiary of Sen Rong Limited.

MarketRank

Overall MarketRank

1.25 out of 5 stars

Business Services Sector

200th out of 442 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

46th out of 74 stocks

Analyst Opinion: 2.3Community Rank: 3.3Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 0.6 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

Industry Computer programming, data processing, & other computer related
Sub-IndustryN/A
CUSIPN/A
CIKN/A
Phone86 85 2376 29357
Employees3,631

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$330.51 million
Book Value$1.79 per share

Profitability

Net Income$-240,280,000.00

Miscellaneous

Market Cap$7.86 billion
Next Earnings Date2/2/2021 (Confirmed)
OptionableNot Optionable
$21.50
-0.98 (-4.36 %)
(As of 01/20/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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OneConnect Financial Technology (NYSE:OCFT) Frequently Asked Questions

How has OneConnect Financial Technology's stock price been impacted by Coronavirus?

OneConnect Financial Technology's stock was trading at $11.23 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, OCFT shares have increased by 91.5% and is now trading at $21.50.
View which stocks have been most impacted by COVID-19
.

Is OneConnect Financial Technology a buy right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for OneConnect Financial Technology in the last twelve months. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" OneConnect Financial Technology stock.
View analyst ratings for OneConnect Financial Technology
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than OneConnect Financial Technology?

Wall Street analysts have given OneConnect Financial Technology a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but OneConnect Financial Technology wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

What is Thomas Greco's approval rating as OneConnect Financial Technology's CEO?

538 employees have rated OneConnect Financial Technology CEO Thomas Greco on Glassdoor.com. Thomas Greco has an approval rating of 63% among OneConnect Financial Technology's employees. This puts Thomas Greco in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

When is OneConnect Financial Technology's next earnings date?

OneConnect Financial Technology is scheduled to release its next quarterly earnings announcement on Tuesday, February 2nd 2021.
View our earnings forecast for OneConnect Financial Technology
.

How can I listen to OneConnect Financial Technology's earnings call?

OneConnect Financial Technology will be holding an earnings conference call on Tuesday, February 2nd at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were OneConnect Financial Technology's earnings last quarter?

OneConnect Financial Technology Co., Ltd. (NYSE:OCFT) released its earnings results on Tuesday, November, 3rd. The company reported ($0.10) earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.04. The company earned $127.39 million during the quarter, compared to the consensus estimate of $132.19 million. OneConnect Financial Technology had a negative net margin of 19.82% and a negative return on equity of 12.38%.
View OneConnect Financial Technology's earnings history
.

What price target have analysts set for OCFT?

5 equities research analysts have issued twelve-month price targets for OneConnect Financial Technology's stock. Their forecasts range from $13.30 to $28.00. On average, they expect OneConnect Financial Technology's share price to reach $24.26 in the next year. This suggests a possible upside of 12.8% from the stock's current price.
View analysts' price targets for OneConnect Financial Technology
or view Wall Street analyst' top-rated stocks.

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

Who are OneConnect Financial Technology's key executives?

OneConnect Financial Technology's management team includes the following people:
  • Dr. Wangchun Ye, Chairman & CEO (Age 65)
  • Mr. Wei Jye Lo, Chief Financial Officer (Age 43)
  • Mr. Li Jie, Chief Technology Officer
  • Patricia Cheng, Investor Relations Officer
  • Ms. Rong Chen, Co-GM & Director (Age 52)
  • Dr. Runzhong Huang, Exec. VP (Age 47)
  • Mr. Ricky Ou, Chief Exec. Officer of Gamma
  • Mr. Yiming Fei, Board Sec., SME Banking CEO & Assistant GM of Shenzhen OneConnect (Age 41)

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 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.

What is OneConnect Financial Technology's stock symbol?

OneConnect Financial Technology trades on the New York Stock Exchange (NYSE) under the ticker symbol "OCFT."

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 WeBull, 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 $21.50.

How big of a company is OneConnect Financial Technology?

OneConnect Financial Technology has a market capitalization of $7.86 billion and generates $330.51 million in revenue each year. The company earns $-240,280,000.00 in net income (profit) each year or ($0.75) on an earnings per share basis. 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.ocft.com.

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 company can be reached via phone at 86 85 2376 29357 or via email at [email protected]

This page was last updated on 1/21/2021 by MarketBeat.com Staff

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