OneConnect Financial Technology Co., Ltd. (NYSE:OCFT), ended the day at $15.09, a rise of 9.35 per cent and a share price that brought its market capitalization to $5.08 billion. Volatility for the week was 9.83%, which was 7.03% in the previous month. The company closed the session with a trading volume of 489.37 thousand shares, above from its average daily trading volume of 335.77 thousand. It has been generating revenue of $328.7 million while net income posted by the company in last 12 months was -$234.5 million.
OneConnect Financial Technology Co. Ltd. (NYSE: OCFT), announced on January 16, 2020 that in pursuance of the partial exercise of the underwriters’ over-allotment option in connection with the IPO it has closed the issuance of an additional 3,520,000 American Depositary Shares (“ADSs”) of the Company at the initial public offering ( the “IPO”) price of US$10.0 per ADS,.
The company collaborated with Morgan Stanley & Co. LLC, Goldman Sachs (Asia) L.L.C., J.P. Morgan Securities LLC, Ping An of China Securities (Hong Kong) Company Limited as active joint bookrunners and as representatives of the underwriters, BofA Securities, Inc. and HSBC Securities (USA) Inc., had act as passive joint bookrunners and as representatives of the underwriters, and CLSA Limited and KeyBanc Capital Markets Inc. acted as co-managers for that offering. A registration statement related to the offering has been filed with the U.S. Securities and Exchange Commission (the “SEC”) and declared effective. The offering is made only by means of a prospectus forming a part of the effective registration statement.
When looking at performance, we see the stock demonstrating a weekly performance of 13.29% while keeping a monthly performance of 50.9%. Quarterly performance saw a rise of 15.1% and continued the negative trend with a YTD performance of 50.45% which was 0.01% for last six months. The 52-week range for the stock was 9.02 – 16.60 that put its current price at a premium of 67.29% to the 52-week low price whereas it is trading at a discount of -9.1% to the 52-week high price.
The Software – Application company is currently upholding a gross margin of 41% while maintaining a net profit margin of -68.3%. Operating margin for the last 12 months remained -69.6%. The company’s EPS for trailing 12 months is -$0.64 and it is estimated to be posting an EPS of -$0.16 for the current quarter. In the trailing twelve months, it has seen an average of -16.1% return on investment (ROI).
The outstanding share count is 336.85 million shares but the size of available float is 122.1 million shares. The stock’s current price is trailing SMA-200 by 30.58% which is also 39.3% up from SMA-50. Reducing that period to a shorter term, we see the price is trailing 37% to the SMA-20.