Onfolio Holdings Inc. (ONFO) has reached a new 52-week high, with its stock price climbing to $1.8, marking a significant milestone for the company. The micro-cap company, valued at $7.08 million, shows high price volatility with a beta of 1.94. InvestingPro analysis reveals 11 additional investment tips for ONFO. This peak reflects a robust year-over-year growth, as Onfolio Holdings has seen an impressive 160.38% increase in its stock value over the past year. Investors have shown increased confidence in the company’s performance and future prospects, backed by strong revenue growth of 29.25% in the last twelve months. The stock’s upward trajectory and standout market performance include a 9.52% gain in the past week alone.
In other recent news, Onfolio Holdings Inc. has completed its acquisition of a majority stake in Eastern Standard, LLC, a digital marketing service provider. The transaction involved Onfolio purchasing 70% of Eastern Standard for $1.66 million through the issuance of Series A Preferred Shares and secured promissory notes. Eastern Standard, based in Philadelphia, reported revenues of around $4 million and an unaudited adjusted EBITDA of $630,000 for the fiscal year ending December 31, 2023.
In other acquisitions, Onfolio Holdings also recently purchased a majority stake in DDS Rank, a digital marketing service provider for dentists, for $600,000. This acquisition is expected to double DDS Rank’s revenue and EBITDA within the next two fiscal quarters. Furthermore, Onfolio Holdings acquired the business assets of First Page Strategy through its subsidiary, RevenueZen LLC, signaling the company’s active portfolio expansion.
Additionally, Onfolio Holdings shareholders approved a reverse stock split during their Annual Meeting. The exchange ratio is set to range from 1-for-2 to 1-for-5, with the specific ratio and timing to be determined by the board of directors. This move is part of the company’s strategic decisions aimed at increasing the per-share trading price of Onfolio Holdings’ common stock. These are among the recent developments in Onfolio Holdings’ strategic moves.
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