OneConnect Financial Technology Co. Ltd. (OCFT): Multiple analysts giving recommendations


OneConnect Financial Technology Co. Ltd. (NYSE:OCFT) changes shares on Tuesday trading session, with a change of 9.39% or $1.73 shares. The trading starts at $19.36 and closed at $18.43 throughout the day. The trading session low price was $18.54 and day high was $20.53 on Tuesday, June 23. After the session, the Technology sector daily volume shifted to 0.57 million while its average volume is 444.23K. In other hand, the OCFT market cap reached to $7.20B. While, its current target price is $20.16 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 12.81% and up 43.28% for month. Its quarterly performance was 83.77% above, while its half year performance is up 104.67%. OCFT performance rise 101.00% for year-to-date. Current recommendation for OneConnect Financial Technology Co. Ltd. is 2.00.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. OCFT EPS (TTM) for 12-month is -0.64. EPS for this year is -97.00%, while for the next year its value is -0.46. Its EPS Q/Q reached -33.50%. It has an EPS of next five years will be up 8.97%.

Let’s take a look on the analyst recommendations on OCFT for the current month and previous month. For the current month, 5 of 6 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 0 as underweight and 1 as Hold. As compared with the previous month ratings, 5 analysts participate in stock recommendation. Out of 5, 0 rated it sell, 4 rated it as Buy and 1 as Hold Ratings. On the other hand, target price ranges from $12.20-$22.00. Average target price for OCFT was reached at $16.32.

The insider ownership moved to 0.27% and institutional holding shifted to 8.40%.

The company posted an EPS (TTM) of -0.64. According to the most recent quarter report on (Jun 2020), 3 analysts estimated an average EPS of -0.15. Analyst Estimated EPS for OCFT published in the report was -0.17–0.14 during the same period.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for OCFT rise 63.13% for period of 200 days. SMA for 50 days was 51.74% which is showing green signal, while SMA-20 was 28.95%. The moving average value for OneConnect Financial Technology Co. Ltd. (OCFT) is 12.36 and 14.77 for 200 and 50 days respectively.