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

Onfolio (NASDAQ:ONFO) issued its quarterly earnings results on Wednesday. The company reported ($35.57) EPS for the quarter, missing the consensus estimate of ($0.11) by ($35.46), FiscalAI reports. The company had revenue of $1.50 million for the quarter, compared to the consensus estimate of $1.68 million. Onfolio had a negative return on equity of 225.49% and a negative net margin of 101.86%.

Onfolio Price Performance

Shares of NASDAQ:ONFO opened at $1.57 on Friday. The company has a market cap of $219,800.00, a PE ratio of -0.02 and a beta of 3.57. Onfolio has a fifty-two week low of $1.49 and a fifty-two week high of $123.92. The firm has a 50-day simple moving average of $8.89 and a 200 day simple moving average of $26.95. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.16.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on ONFO shares. Weiss Ratings cut Onfolio from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday. Wall Street Zen downgraded Onfolio to a “strong sell” rating in a report on Saturday, August 15th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Onfolio currently 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.