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OneConnect Financial Technology Co., Ltd. (OCFT)
2.61  -0.14 (-5.09%)    12-12 15:59
Open: 2.7
High: 2.7
Volume: 40,922
  
Pre. Close: 2.75
Low: 2.45
Market Cap: 104(M)
Technical analysis
2024-12-12 4:42:51 PM
Short term     
Mid term     
Targets 6-month :  3.55 1-year :  4.14
Resists First :  3.03 Second :  3.55
Pivot price 2.51
Supports First :  2.44 Second :  2.07
MAs MA(5) :  2.65 MA(20) :  2.44
MA(100) :  2.02 MA(250) :  2.13
MACD MACD :  0 Signal :  0
%K %D K(14,3) :  58.1 D(3) :  64.1
RSI RSI(14): 52.9
52-week High :  4.98 Low :  0.86
Price, MAs and Bollinger Bands

Price has closed below its short-term moving average. Short-term moving average is currently above mid-term; and above long-term moving average. From the relationship between price and moving averages: This stock is NEUTRAL in short-term; and BULLISH in mid-long term.
[ OCFT ] has closed below upper band by 34.3%. Bollinger Bands are 37.4% narrower than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.

Stock Price Prediction
If tomorrow: Open lower Open higher
High: 2.71 - 2.72 2.72 - 2.73
Low: 2.42 - 2.43 2.43 - 2.45
Close: 2.59 - 2.61 2.61 - 2.63
Company Description

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.

Headline News

Fri, 15 Nov 2024
OneConnect Financial Technology Co., Ltd. (NYSE:OCFT) Q3 2024 Earnings Call Transcript - Insider Monkey

Thu, 14 Nov 2024
OneConnect Releases Q3 2024 Results with Net Profit attributable to Parent Company Reaching RMB110 million - 星洲网

Thu, 14 Nov 2024
OneConnect Financial Technology Q3 24 Earnings Conference Call At 7:00 AM ET - Nasdaq

Mon, 04 Nov 2024
OneConnect to Announce Third Quarter 2024 Financial Results - The Manila Times

Mon, 04 Nov 2024
OneConnect to Announce Third Quarter 2024 Financial Results - StockTitan

Mon, 15 Jul 2024
OneConnect In Forced Divorce From Parent Ping An - Benzinga

Financial Analysis
Price to Book Value:
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Underperform
Price to Earnings:
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Underperform
Discounted cash flow:
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Underperform
Return on Assets:
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Underperform
Return on Equity:
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Underperform
Debt to Equity:
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Outperform
Stock Basics & Statistics
Exchange:
NYSE
Sector:
Technology
Industry:
Software - Application
Shares Out 39 (M)
Shares Float 313 (M)
Held by Insiders 1.9 (%)
Held by Institutions 3.5 (%)
Shares Short 88 (K)
Shares Short P.Month 59 (K)
Stock Financials
EPS -1.13
EPS Est Next Qtrly 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 2.53
Profit Margin -1.1 %
Operating Margin -6.8 %
Return on Assets (ttm) -3.4 %
Return on Equity (ttm) -10.6 %
Qtrly Rev. Growth -26.3 %
Gross Profit (p.s.) 0
Sales Per Share 83.33
EBITDA (p.s.) -8.81
Qtrly Earnings Growth 0 %
Operating Cash Flow -314 (M)
Levered Free Cash Flow -2,340 (M)
Stock Valuations
PE Ratio -2.34
PEG Ratio 0
Price to Book value 1.02
Price to Sales 0.03
Price to Cash Flow -0.33
Stock Dividends
Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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