Onfolio (NASDAQ:ONFO) Issues Quarterly Earnings Results, Misses Expectations By $35.46 EPS

Onfolio (NASDAQ:ONFO) issued its quarterly earnings results on Wednesday. The company reported ($35.57) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($35.46), FiscalAI reports. The firm 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 Up 9.7%

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

Analyst Ratings Changes

Several equities analysts have commented on the company. Wall Street Zen lowered Onfolio to a “strong sell” rating in a research report on Saturday. Weiss Ratings cut shares of Onfolio from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus 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.