Onfolio (NASDAQ:ONFO) Posts Earnings Results

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

Onfolio Stock Performance

Shares of NASDAQ:ONFO traded up $0.21 during trading on Wednesday, hitting $2.37. 1,134,160 shares of the stock traded hands, compared to its average volume of 853,294. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.16. The company has a fifty day moving average price of $9.58 and a two-hundred day moving average price of $27.38. 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 price-to-earnings ratio of -0.06 and a beta of 3.58.

Analysts Set New Price Targets

ONFO has been the topic of several research reports. Wall Street Zen downgraded Onfolio to a “strong sell” rating in a research report on Saturday. Weiss Ratings downgraded Onfolio from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average 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.