S&P 500   5,061.82
DOW   37,735.11
QQQ   431.06
5 Small-Cap Energy Stocks Surged in Price and Volume on Friday
Novo Nordisk Arms Wegovy to Be a Triple Threat
Vital Farms Rides the Pasture-Raised Egg Trend to the Bank
3 Energy Plays for Cash Flow: Buy 1 or Buy Them All
M&T Bank, Goldman Sachs rise; Salesforce, Tesla fall, Monday, 4/15/2024
When Will the Next Bull Market Be?
Global smartphone shipments climb nearly 8% in 1st quarter as Samsung retakes the lead
S&P 500   5,061.82
DOW   37,735.11
QQQ   431.06
5 Small-Cap Energy Stocks Surged in Price and Volume on Friday
Novo Nordisk Arms Wegovy to Be a Triple Threat
Vital Farms Rides the Pasture-Raised Egg Trend to the Bank
3 Energy Plays for Cash Flow: Buy 1 or Buy Them All
M&T Bank, Goldman Sachs rise; Salesforce, Tesla fall, Monday, 4/15/2024
When Will the Next Bull Market Be?
Global smartphone shipments climb nearly 8% in 1st quarter as Samsung retakes the lead
S&P 500   5,061.82
DOW   37,735.11
QQQ   431.06
5 Small-Cap Energy Stocks Surged in Price and Volume on Friday
Novo Nordisk Arms Wegovy to Be a Triple Threat
Vital Farms Rides the Pasture-Raised Egg Trend to the Bank
3 Energy Plays for Cash Flow: Buy 1 or Buy Them All
M&T Bank, Goldman Sachs rise; Salesforce, Tesla fall, Monday, 4/15/2024
When Will the Next Bull Market Be?
Global smartphone shipments climb nearly 8% in 1st quarter as Samsung retakes the lead
S&P 500   5,061.82
DOW   37,735.11
QQQ   431.06
5 Small-Cap Energy Stocks Surged in Price and Volume on Friday
Novo Nordisk Arms Wegovy to Be a Triple Threat
Vital Farms Rides the Pasture-Raised Egg Trend to the Bank
3 Energy Plays for Cash Flow: Buy 1 or Buy Them All
M&T Bank, Goldman Sachs rise; Salesforce, Tesla fall, Monday, 4/15/2024
When Will the Next Bull Market Be?
Global smartphone shipments climb nearly 8% in 1st quarter as Samsung retakes the lead
NYSE:OCFT

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

$1.91
-0.04 (-2.05%)
(As of 04/15/2024 ET)
Today's Range
$1.89
$1.96
50-Day Range
$1.91
$2.54
52-Week Range
$1.89
$6.00
Volume
22,349 shs
Average Volume
20,791 shs
Market Capitalization
$74.49 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$5.25

OneConnect Financial Technology MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
174.9% Upside
$5.25 Price Target
Short Interest
Healthy
0.10% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
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.

2.34 out of 5 stars

Business Services Sector

194th out of 315 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

34th out of 59 stocks

OCFT stock logo

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

OCFT Stock News Headlines

OneConnect Financial Technology Co., Ltd. (OCFT)
Forget Nvidia, buy this A.I. Stock Now
Forget Nvidia, Microsoft or Google. Our tech expert and venture capitalist Luke Lango believes this is Elon Musk’s favorite A.I. stock. Why? Because this company is supplying Elon Musk with a key piece of advanced tech for his new A.I. venture.
Forget Nvidia, buy this A.I. Stock Now
Forget Nvidia, Microsoft or Google. Our tech expert and venture capitalist Luke Lango believes this is Elon Musk’s favorite A.I. stock. Why? Because this company is supplying Elon Musk with a key piece of advanced tech for his new A.I. venture.
OneConnect Financial Technology Co Ltd ADR OCFT
OneConnect Financial Tech's Earnings Outlook
OneConnect Financial Technology Co Ltd ADR
Pre-market Movers: ASTC, RPHM, AEL, MEDS, OCFT…
See More Headlines
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Company Calendar

Last Earnings
3/18/2024
Today
4/15/2024
Next Earnings (Estimated)
5/27/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Computer programming, data processing, & other computer related
Sub-Industry
N/A
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
+174.9%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$-51,250,000.00
Pretax Margin
-9.86%

Debt

Sales & Book Value

Annual Sales
$518.92 million
Book Value
$10.68 per share

Miscellaneous

Free Float
N/A
Market Cap
$74.49 million
Optionable
Optionable
Beta
0.64
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Key Executives

  • Mr. Chong Feng Shen (Age 53)
    Chairman of the Board & CEO
    Comp: $647.85k
  • 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

OCFT Stock Analysis - Frequently Asked Questions

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

1 Wall Street 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 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 analysts have issued twelve-month price targets for OneConnect Financial Technology's stock. Their OCFT share price targets range from $3.50 to $7.00. On average, they anticipate the company's share price to reach $5.25 in the next year. This suggests a possible upside of 174.9% 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 beginning of the year. Since then, OCFT stock has decreased by 40.9% and is now trading at $1.91.
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) released its earnings results on Monday, March, 18th. The company reported ($0.31) earnings per share (EPS) for the quarter. The business 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?

Shares of OneConnect Financial Technology reverse split on the morning of 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 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) 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 4/16/2024 by MarketBeat.com Staff

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