Onfolio (NASDAQ:ONFO) Posts Quarterly Earnings Results, Misses Estimates By $35.46 EPS

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

Onfolio Stock Up 9.7%

Shares of ONFO opened at $2.37 on Thursday. The stock’s 50-day moving average price is $9.23 and its two-hundred day moving average price is $27.16. Onfolio has a 12 month low of $2.06 and a 12 month high of $123.92. The company has a market capitalization of $331,800.00, a PE ratio of -0.06 and a beta of 3.57. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.16.

Analyst Ratings Changes

ONFO has been the subject of several analyst reports. Weiss Ratings cut Onfolio from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday. Wall Street Zen lowered Onfolio to a “strong sell” rating in a report on Saturday, August 15th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently 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.