In the last trading session, 1.3 million Oneconnect Financial Technology Co Ltd ADR (NYSE:OCFT) shares changed hands as the company’s beta touched 0.62. With the company’s per share price at $2.80 changed hands at $0.83 or 42.13% during last session, the market valuation stood at $103.01M. OCFT’s last price was a discount, traded about -21.43% off its 52-week high of $3.40. The share price had its 52-week low at $0.87, which suggests the last value was 68.93% up since then. When we look at Oneconnect Financial Technology Co Ltd ADR’s average trading volume, we note the 10-day average is 0.21 million shares, with the 3-month average coming to 24.13K.
Analysts gave the Oneconnect Financial Technology Co Ltd ADR (OCFT) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended OCFT as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Oneconnect Financial Technology Co Ltd ADR’s EPS for the current quarter is expected to be 0.
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Oneconnect Financial Technology Co Ltd ADR (NYSE:OCFT) trade information
Instantly OCFT was in green as seen at the end of in last trading. With action 101.44%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -13.31%, with the 5-day performance at 101.44% in the green. However, in the 30-day time frame, Oneconnect Financial Technology Co Ltd ADR (NYSE:OCFT) is 117.05% up. Looking at the short shares, we see there were 57536.0 shares sold at short interest cover period of 2.8 days.
The consensus price target for the stock as assigned by Wall Street analysts is 0.12, meaning bulls need a downside of -2233.33% from its current market value. According to analyst projections, OCFT’s forecast low is 0.12 with 0.12 as the target high. To hit the forecast high, the stock’s price needs a 95.71% surge from its current level, while the stock would need to tank 95.71% for it to hit the projected low.
Oneconnect Financial Technology Co Ltd ADR (OCFT) estimates and forecasts
Year-over-year growth is forecast to reach -14.60% down from the last financial year.
The company’s revenue for the corresponding quarters a year ago was 129.64M.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 21.99%. The 2024 estimates are for Oneconnect Financial Technology Co Ltd ADR earnings to increase by 114.01%, but the outlook for the next 5-year period is at 9.19% per year.
OCFT Dividends
Oneconnect Financial Technology Co Ltd ADR is expected to release its next quarterly earnings report in November.
