OneConnect Financial Technology Co. Ltd. [NYSE: OCFT] traded at a high on 07/05/22, posting a 18.92 gain after which it closed the day’ session at $2.20. The company report on July 5, 2022 that Thinking about buying stock in Cowen, OneConnect Financial Tech, Faraday Future Intelligent Electric, RA Medical Systems, or Athersys?.
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InvestorsObserver issues critical PriceWatch Alerts for COWN, OCFT, FFIE, RMED, and ATHX.
To see how InvestorsObserver’s proprietary scoring system rates these stocks, view the InvestorsObserver’s PriceWatch Alert by selecting the corresponding link.
The results of the trading session contributed to over 6183749 shares changing hands. Over the past one week, the price volatility of OneConnect Financial Technology Co. Ltd. stands at 9.22% while the volatility over the past one month is 8.56%.
The market cap for OCFT stock reached $793.08 million, with 389.99 million shares outstanding and 329.66 million shares in the current float. Compared to the average trading volume of 1.66M shares, OCFT reached a trading volume of 6183749 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about OneConnect Financial Technology Co. Ltd. [OCFT]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for OCFT shares is $2.05 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on OCFT stock is a recommendation set at 2.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Goldman have made an estimate for OneConnect Financial Technology Co. Ltd. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on April 11, 2022. The new note on the price target was released on February 24, 2022, representing the official price target for OneConnect Financial Technology Co. Ltd. stock. Previously, the target price had yet another drop from $19 to $7.50, while Morgan Stanley kept a Equal-Weight rating on OCFT stock.
The Average True Range (ATR) for OneConnect Financial Technology Co. Ltd. is set at 0.13, with the Price to Sales ratio for OCFT stock in the period of the last 12 months amounting to 1.23. The Price to Book ratio for the last quarter was 1.65, with the Price to Cash per share for the same quarter was set at 1.23.
How has OCFT stock performed recently?
OneConnect Financial Technology Co. Ltd. [OCFT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 39.24. With this latest performance, OCFT shares gained by 62.96% in over the last four-week period, additionally sinking by -10.93% over the last 6 months – not to mention a drop of -80.55% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for OCFT stock in for the last two-week period is set at 77.68, with the RSI for the last a single of trading hit 82.71, and the three-weeks RSI is set at 72.84 for OneConnect Financial Technology Co. Ltd. [OCFT]. The present Moving Average for the last 50 days of trading for this stock 1.4400, while it was recorded at 1.8400 for the last single week of trading, and 2.1600 for the last 200 days.
OneConnect Financial Technology Co. Ltd. [OCFT]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and OneConnect Financial Technology Co. Ltd. [OCFT] shares currently have an operating margin of -33.66 and a Gross Margin at +31.48. OneConnect Financial Technology Co. Ltd.’s Net Margin is presently recorded at -31.02.
Return on Equity for this stock declined to -28.60, with Return on Assets sitting at -12.70.
OneConnect Financial Technology Co. Ltd.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.30 and a Current Ratio set at 1.30.
Earnings analysis for OneConnect Financial Technology Co. Ltd. [OCFT]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for OCFT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for OneConnect Financial Technology Co. Ltd. go to 9.19%.
Insider trade positions for OneConnect Financial Technology Co. Ltd. [OCFT]
There are presently around $82 million, or 12.10% of OCFT stock, in the hands of institutional investors. The top three institutional holders of OCFT stocks are: CAPITAL RESEARCH GLOBAL INVESTORS with ownership of 6,439,815, which is approximately -12.401% of the company’s market cap and around 15.47% of the total institutional ownership; VANGUARD GROUP INC, holding 4,479,660 shares of the stock with an approximate value of $8.29 million in OCFT stocks shares; and SB INVESTMENT ADVISERS (UK) LTD, currently with $7.97 million in OCFT stock with ownership of nearly 0% of the company’s market capitalization.
33 institutional holders increased their position in OneConnect Financial Technology Co. Ltd. [NYSE:OCFT] by around 6,733,354 shares. Additionally, 42 investors decreased positions by around 21,559,068 shares, while 11 investors held positions by with 15,960,357 shares. The mentioned changes placed institutional holdings at 44,252,779 shares, according to the latest SEC report filing. OCFT stock had 9 new institutional investments in for a total of 730,227 shares, while 18 institutional investors sold positions of 5,062,012 shares during the same period.