OneConnect Financial Technology Co. Ltd. (NYSE:OCFT) went up by 8.86% from its latest closing price compared to the recent 1-year high of $24.95. The company’s stock price has collected -13.71% of loss in the last five trading sessions. Press Release reported 16 hours ago that OneConnect Announces Expiration of Exclusivity Period Under Its Memorandum of Understanding to Purchase Majority Stake in Shenzhen VZOOM CREDIT TECHNOLOGY
Is It Worth Investing in OneConnect Financial Technology Co. Ltd. (NYSE :OCFT) Right Now?
Opinions of the stock are interesting as 2 analysts out of 5 who provided ratings for OneConnect Financial Technology Co. Ltd. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 2 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $4.00, which is $4.91 above the current price. OCFT currently public float of 236.19M and currently shorts hold a 2.04% ratio of that float. Today, the average trading volume of OCFT was 1.46M shares.
OCFT’s Market Performance
OCFT stocks went down by -13.71% for the week, with a monthly drop of -26.29% and a quarterly performance of -36.61%, while its annual performance rate touched -87.30%. The volatility ratio for the week stands at 13.35% while the volatility levels for the past 30 days are set at 7.99% for OneConnect Financial Technology Co. Ltd.. The simple moving average for the period of the last 20 days is -11.46% for OCFT stocks with a simple moving average of -74.72% for the last 200 days.
Analysts’ Opinion of OCFT
Many brokerage firms have already submitted their reports for OCFT stocks, with Morgan Stanley repeating the rating for OCFT by listing it as a “Equal-Weight.” The predicted price for OCFT in the upcoming period, according to Morgan Stanley is $7.50 based on the research report published on August 04th of the current year 2021.
Citigroup, on the other hand, stated in their research note that they expect to see OCFT reach a price target of $28. The rating they have provided for OCFT stocks is “Buy” according to the report published on November 05th, 2020.
OCFT Trading at -26.72% 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 -89.66% of loss for the given period.
Volatility was left at 7.99%, however, over the last 30 days, the volatility rate increased by 13.35%, as shares sank -21.34% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -38.86% lower at present.
During the last 5 trading sessions, OCFT fell by -13.71%, which changed the moving average for the period of 200-days by -87.26% in comparison to the 20-day moving average, which settled at $2.88. In addition, OneConnect Financial Technology Co. Ltd. saw -86.91% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for OCFT
Current profitability levels for the company are sitting at:
- -46.15 for the present operating margin
- +33.23 for the gross margin
The net margin for OneConnect Financial Technology Co. Ltd. stands at -40.87. The total capital return value is set at -18.91, while invested capital returns managed to touch -26.72. Equity return is now at value -27.30, with -13.30 for asset returns.
Based on OneConnect Financial Technology Co. Ltd. (OCFT), the company’s capital structure generated 48.23 points at debt to equity in total, while total debt to capital is 32.54. Total debt to assets is 23.02, with long-term debt to equity ratio resting at 2.63. Finally, the long-term debt to capital ratio is 1.77.
When we switch over and look at the enterprise to sales, we see a ratio of 0.46, with the company’s debt to enterprise value settled at 0.06. The receivables turnover for the company is 3.13 and the total asset turnover is 0.31. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.73.