OneConnect Financial Technology Co. Ltd. (NYSE: OCFT) on June 21, 2022, started off the session at the price of $1.36, soaring 13.04% from the previous trading day. During the day, the shares moved up to $1.56 and dropped to $1.36 before settling in for the closing price of $1.38. Within the past 52 weeks, OCFT’s price has moved between $0.99 and $12.42.
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The company achieved an average annual earnings per share of 0.00%. With a float of $329.66 million, this company’s outstanding shares have now reached $389.99 million.
In an organization with 3842 employees, it is important to assess its efficiency. In terms of profitability, gross margin is +31.48, operating margin of -33.66, and the pretax margin is -35.15.
OneConnect Financial Technology Co. Ltd. (OCFT) Insider and Institutional Ownership
Observing investor behavior towards Software – Application industry stocks is more important than anything else. The insider ownership of OneConnect Financial Technology Co. Ltd. is 15.47%, while institutional ownership is 12.10%.
OneConnect Financial Technology Co. Ltd. (OCFT) Latest Financial update
As on 12/30/2021, Multinational firm has announced its last quarter scores, in which it reported -$0.15 earnings per share (EPS) for the period falling under the consensus outlook (set at -$0.1) by -$0.05. This company achieved a net margin of -31.02 while generating a return on equity of -28.60. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.1 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 0.00% per share during the next fiscal year.
OneConnect Financial Technology Co. Ltd. (NYSE: OCFT) Trading Performance Indicators
OneConnect Financial Technology Co. Ltd. (OCFT) is currently performing well based on its current performance indicators. A quick ratio of 1.30 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.92.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.52, a number that is poised to hit -0.86 in the next quarter and is forecasted to reach -1.82 in one year’s time.
Technical Analysis of OneConnect Financial Technology Co. Ltd. (OCFT)
Let’s dig in a bit further. During the last 5-days, its volume was 2.39 million. That was better than the volume of 1.85 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 27.38%. Additionally, its Average True Range was 0.09.
During the past 100 days, OneConnect Financial Technology Co. Ltd.’s (OCFT) raw stochastic average was set at 48.51%, which indicates a significant decrease from 49.61% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 117.41% in the past 14 days, which was higher than the 113.59% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.3818, while its 200-day Moving Average is $2.2872. However, in the short run, OneConnect Financial Technology Co. Ltd.’s stock first resistance to watch stands at $1.6267. Second resistance stands at $1.6933. The third major resistance level sits at $1.8267. If the price goes on to break the first support level at $1.4267, it is likely to go to the next support level at $1.2933. The third support level lies at $1.2267 if the price breaches the second support level.
OneConnect Financial Technology Co. Ltd. (NYSE: OCFT) Key Stats
Market capitalization of the company is 595.17 million based on 389,994K outstanding shares. Right now, sales total 640,520 K and income totals -198,660 K. The company made 160,580 K in profit during its latest quarter, and -50,050 K in sales during its previous quarter.