At the time of writing, Oneconnect Financial Technology Co Ltd ADR [OCFT] stock is trading at $1.97, up 28.76%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The OCFT shares have gain 44.85% over the last week, with a monthly amount glided 53.91%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
On February 24, 2022, downgrade downgraded it’s rating to Hold but maintained its price target of $1.50 on the stock. Morgan Stanley downgraded its rating to a Equal-Weight and decreased its price target to $7.50 on August 04, 2021. Citigroup initiated its recommendation with a Buy and recommended $28 as its price target on November 05, 2020.
For the past year, the stock price of Oneconnect Financial Technology Co Ltd ADR fluctuated between $0.87 and $3.40. Currently, Wall Street analysts expect the stock to reach $0.12 within the next 12 months. Oneconnect Financial Technology Co Ltd ADR [NYSE: OCFT] shares were valued at $1.97 at the most recent close of the market. An investor can expect a potential drop of -93.91% based on the average OCFT price forecast.
Analyzing the OCFT fundamentals
According to Oneconnect Financial Technology Co Ltd ADR [NYSE:OCFT], the company’s sales were 440.55M for trailing twelve months, which represents an -31.04% plunge. Gross Profit Margin for this corporation currently stands at 0.37% with Operating Profit Margin at -0.09%, Pretax Profit Margin comes in at -0.08%, and Net Profit Margin reading is -0.01%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.01 and Total Capital is -0.09. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.05.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 1.7279 points at the first support level, and at 1.4858 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.1238, and for the 2nd resistance point, it is at 2.2776.
Ratios To Look Out For
It is important to note that Oneconnect Financial Technology Co Ltd ADR [NYSE:OCFT] has a current ratio of 1.77. In addition, the Quick Ratio stands at 1.77 and the Cash Ratio stands at 0.56. Considering the valuation of this stock, the price to sales ratio is 0.16, the price to book ratio is 0.18.
