Onfolio (NASDAQ:ONFO) Announces Earnings Results

Onfolio (NASDAQ:ONFO) released its quarterly earnings results on Wednesday. The company reported ($35.57) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($35.46), FiscalAI reports. Onfolio had a negative net margin of 44.11% and a negative return on equity of 80.51%. The business had revenue of $1.50 million for the quarter, compared to the consensus estimate of $1.68 million.

Onfolio Trading Up 9.7%

ONFO stock traded up $0.21 during trading on Wednesday, reaching $2.37. The company had a trading volume of 1,109,826 shares, compared to its average volume of 853,294. Onfolio has a 52 week low of $2.06 and a 52 week high of $123.92. The company has a market cap of $334,170.00, a P/E ratio of -0.06 and a beta of 3.58. The business has a 50 day moving average of $9.58 and a 200 day moving average of $27.38. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.20 and a quick ratio of 0.20.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Weiss Ratings lowered Onfolio from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday. Wall Street Zen lowered Onfolio to a “strong sell” rating in a research note on Saturday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Onfolio has a consensus rating of “Sell”.

Onfolio Company Profile

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.