Insider Buying: Onfolio (NASDAQ:ONFO) CEO Acquires 59,707 Shares of Stock

Onfolio Holdings Inc. (NASDAQ:ONFO) CEO Dominic Benjamin James Wells acquired 59,707 shares of Onfolio stock in a transaction on Tuesday, December 30th. The shares were purchased at an average cost of $0.65 per share, with a total value of $38,809.55. Following the completion of the acquisition, the chief executive officer owned 1,225,207 shares of the company’s stock, valued at $796,384.55. This trade represents a 5.12% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

Dominic Benjamin James Wells also recently made the following trade(s):

• On Wednesday, December 31st, Dominic Benjamin James Wells bought 14,793 shares of Onfolio stock. The stock was purchased at an average cost of $0.73 per share, with a total value of $10,798.89.

Onfolio Stock Performance

Shares of ONFO traded up $0.02 during mid-day trading on Friday, hitting $0.69. The stock had a trading volume of 78,276 shares, compared to its average volume of 308,784. Onfolio Holdings Inc. has a 52 week low of $0.59 and a 52 week high of $1.95. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.49 and a quick ratio of 0.48. The business has a fifty day moving average price of $0.87 and a 200-day moving average price of $1.01. The firm has a market cap of $3.56 million, a P/E ratio of -1.52 and a beta of 2.89.

Onfolio (NASDAQ:ONFO) last announced its quarterly earnings data on Friday, November 14th. The company reported ($0.16) earnings per share for the quarter. Onfolio had a negative return on equity of 43.97% and a negative net margin of 17.18%.The firm had revenue of $2.74 million during the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Onfolio in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Onfolio presently has an average rating of “Sell”.

About Onfolio

Onfolio Holdings, Inc acquires and develops internet businesses. It provides website management, digital, advertising, and content placement services on its websites; and product sales on various sites. The company was founded in 2019 and is based in Wilmington, Delaware.