OneConnect Financial Technology Co. Ltd. (OCFT): Quarterly performance is up by 144.44% for OCFT

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OneConnect Financial Technology Co. Ltd. (NYSE:OCFT) changes shares on Tuesday trading session, with a change of 3.27% or $0.78 shares. The trading starts at $24.00 and closed at $23.86 throughout the day. The trading session low price was $24.00 and day high was $25.17 on Tuesday, August 04. After the session, the Technology sector daily volume shifted to 0.43 million while its average volume is 620.95K. In other hand, the OCFT market cap reached to $8.83B. While, its current target price is $20.09.

On July 22, 2020, China’s Lufax seeks U.S. IPO as early as this year: sources. According to the news reported on Reuters, Lufax, one of China’s largest online wealth management platforms backed by financial giant Ping An Insurance Group <2318.HK> <601318.SS>, is seeking a U.S. initial public offering as early as this year, people with direct knowledge told Reuters.

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 10.25% and up 17.61% for month. Its quarterly performance was 144.44% above, while its half year performance is up 100.81%. OCFT performance rise 145.66% for year-to-date. Current recommendation for OneConnect Financial Technology Co. Ltd. is 2.20.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. OCFT EPS (TTM) for 12-month is -0.65. EPS for this year is -38.90%, while for the next year its value is -0.46. Its EPS Q/Q reached 0.30%. It has an EPS of next five years will be up 9.06%.

Let’s take a look on the analyst recommendations on OCFT for the current month and previous month. For the current month, 4 of 6 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 0 as underweight and 2 as Hold. As compared with the previous month ratings, 6 analysts participate in stock recommendation. Out of 6, 0 rated it sell, 5 rated it as Buy and 1 as Hold Ratings. On the other hand, target price ranges from $12.20 – $27.00. Average target price for OCFT was reached at $22.95.

The insider ownership moved to 0.27% and institutional holding shifted to 9.10%.

The company posted an EPS (TTM) of -0.65. According to the most recent quarter report on (Sep 2020), 3 analysts estimated an average EPS of -0.15. Analyst Estimated EPS for OCFT published in the report was -$0.18 – -$0.12 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 74.70% for period of 200 days. SMA for 50 days was 27.74% which is showing green signal, while SMA-20 was 5.26%. The moving average value for OneConnect Financial Technology Co. Ltd. (OCFT) is 3.71M and 1.03% for 200 and 50 days respectively.