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NYSE:OCFT

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

$2.15
-0.07 (-3.15%)
(As of 02/23/2024 ET)
Today's Range
$2.12
$2.32
50-Day Range
$2.08
$3.23
52-Week Range
$2.08
$7.34
Volume
28,572 shs
Average Volume
23,356 shs
Market Capitalization
$83.85 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$3.50

OneConnect Financial Technology MarketRank™ Stock Analysis

Analyst Rating
0.00 Rating Score
Upside/​Downside
62.8% Upside
$3.50 Price Target
Short Interest
Healthy
0.11% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($1.62) to ($1.15) 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.

0.60 out of 5 stars

Business Services Sector

287th out of 314 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

48th out of 57 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 ADR OCFT
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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
11/18/2021
Today
2/23/2024
Next Earnings (Estimated)
3/11/2024
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
$3.50
High Stock Price Target
$3.50
Low Stock Price Target
$3.50
Potential Upside/Downside
+54.9%
Consensus Rating
Rating Score (0-4)
0.00
Research Coverage
0 Analysts

Profitability

Net Income
$-129,620,000.00
Pretax Margin
-12.13%

Debt

Sales & Book Value

Annual Sales
$663.42 million
Book Value
$12.49 per share

Miscellaneous

Free Float
N/A
Market Cap
$88.14 million
Optionable
Optionable
Beta
0.64
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Key Executives

  • Mr. Chong Feng Shen (Age 53)
    Chairman of the Board & CEO
    Comp: $658.93k
  • 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
  • Ms. Wing Shan Winza Tang
    Joint Company Secretary
  • Ms. Yanjing Jia
    Joint Company Secretary














OCFT Stock Analysis - Frequently Asked Questions

What is OneConnect Financial Technology's stock price target for 2024?

0 brokerages have issued 12 month price objectives for OneConnect Financial Technology's shares. Their OCFT share price targets range from $3.50 to $3.50. On average, they predict the company's share price to reach $3.50 in the next year. This suggests a possible upside of 62.8% 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 on January 1st, 2024. Since then, OCFT stock has decreased by 33.4% and is now trading at $2.15.
View the best growth stocks for 2024 here
.

Are investors shorting OneConnect Financial Technology?

OneConnect Financial Technology saw a increase in short interest in January. As of January 31st, there was short interest totaling 41,100 shares, an increase of 6.2% from the January 15th total of 38,700 shares. Based on an average daily trading volume, of 20,600 shares, the days-to-cover ratio is currently 2.0 days. Approximately 0.1% of the shares of the stock are sold short.
View OneConnect Financial Technology's Short Interest
.

When is OneConnect Financial Technology's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, March 11th 2024.
View our OCFT earnings forecast
.

How were OneConnect Financial Technology's earnings last quarter?

OneConnect Financial Technology Co., Ltd. (NYSE:OCFT) released its quarterly earnings results on Thursday, November, 18th. The company reported ($1.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.20) by $0.10. The firm had revenue of $164.53 million for the quarter. OneConnect Financial Technology had a negative net margin of 11.50% and a negative trailing twelve-month return on equity of 14.35%. During the same period in the prior year, the firm posted ($1.00) earnings per share.

When did OneConnect Financial Technology's stock split?

Shares of OneConnect Financial Technology 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 closing bell 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?

(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) served 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 a number of institutional and retail investors. Top institutional investors include Goldman Sachs Group Inc. (0.03%) and Concourse Financial Group Securities Inc. (0.00%).

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 2/23/2024 by MarketBeat.com Staff