OneConnect Financial Technology Co. Ltd. (NYSE:OCFT) went up by 3.87% from its latest closing price compared to the recent 1-year high of $28.80. The company’s stock price has collected 5.54% of gains in the last five trading sessions. Press Release reported on 12/21/20 that OneConnect CEO: Fintech Transformation Now a Driver of Growth in Banking Sector
Is It Worth Investing in OneConnect Financial Technology Co. Ltd. (NYSE :OCFT) Right Now?
Opinions of the stock are interesting as 6 analysts out of 9 who provided ratings for OneConnect Financial Technology Co. Ltd. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 2 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $26.01, which is $3.0 above the current price. OCFT currently public float of 202.47M and currently shorts hold a 1.48% ratio of that float. Today, the average trading volume of OCFT was 361.14K shares.
OCFT’s Market Performance
OCFT stocks went up by 5.54% for the week, with a monthly jump of 8.70% and a quarterly performance of 5.49%, while its annual performance rate touched 80.21%. The volatility ratio for the week stands at 4.86% while the volatility levels for the past 30 days are set at 5.21% for OneConnect Financial Technology Co. Ltd.. The simple moving average for the period of the last 20 days is 9.26% for OCFT stocks with a simple moving average of 24.16% for the last 200 days.
Analysts’ Opinion of OCFT
Many brokerage firms have already submitted their reports for OCFT stocks, with Citigroup repeating the rating for OCFT by listing it as a “Buy.” The predicted price for OCFT in the upcoming period, according to Citigroup is $28 based on the research report published on November 05th of the previous year 2020.
OCFT Trading at 10.22% from the 50-Day Moving Average
After a stumble in the market that brought OCFT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -18.89% of loss for the given period.
Volatility was left at 5.21%, however, over the last 30 days, the volatility rate increased by 4.86%, as shares surge +20.53% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +21.01% upper at present.
During the last 5 trading sessions, OCFT rose by +11.17%, which changed the moving average for the period of 200-days by +142.61% in comparison to the 20-day moving average, which settled at $21.59. In addition, OneConnect Financial Technology Co. Ltd. saw 14.10% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for OCFT
Current profitability levels for the company are sitting at:
- -69.88 for the present operating margin
- +26.54 for the gross margin
The net margin for OneConnect Financial Technology Co. Ltd. stands at -71.33. The total capital return value is set at -20.97, while invested capital returns managed to touch -39.21. Equity return is now at value -34.50, with -16.60 for asset returns.
Based on OneConnect Financial Technology Co. Ltd. (OCFT), the company’s capital structure generated 80.01 points at debt to equity in total, while total debt to capital is 44.45. Total debt to assets is 35.22, with long-term debt to equity ratio resting at 4.03. Finally, the long-term debt to capital ratio is 2.24.
When we switch over and look at the enterprise to sales, we see a ratio of 10.54, with the company’s debt to enterprise value settled at 0.18. The receivables turnover for the company is 3.06 and the total asset turnover is 0.24. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.55.