Phoenix New Media (FENG) Stock Forecast, Price & News

Phoenix New Media's stock was trading at $2.68 on January 1st, 2023. Since then, FENG shares have decreased by 58.6% and is now trading at $1.11.
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Phoenix New Media saw a drop in short interest in August. As of August 31st, there was short interest totaling 9,200 shares, a drop of 5.2% from the August 15th total of 9,700 shares. Based on an average daily trading volume, of 46,700 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 13th 2023.
View our FENG earnings forecast.

Phoenix New Media Limited (NYSE:FENG) announced its quarterly earnings results on Tuesday, August, 15th. The information services provider reported ($0.36) earnings per share for the quarter. The information services provider earned $24.85 million during the quarter. Phoenix New Media had a negative trailing twelve-month return on equity of 1.89% and a negative net margin of 3.11%.

Phoenix New Media shares reverse split on the morning of Saturday, May 21st 2022. The 1-6 reverse split was announced on Saturday, May 21st 2022. The number of shares owned by shareholders was adjusted after the closing bell on Saturday, May 21st 2022. An investor that had 100 shares of stock prior to the reverse split would have 17 shares after the split.

Phoenix New Media updated its third quarter 2023 earnings guidance on Tuesday, August, 15th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $21.86 million-$24.62 million.

Based on aggregate information from My MarketBeat watchlists, some companies that other Phoenix New Media investors own include Micron Technology (MU), Lannett (LCI), Nokia Oyj (NOK), Rite Aid (RAD), Cisco Systems (CSCO), SandRidge Energy (SD), Baidu (BIDU), Yandex (YNDX), JOYY (YY) and Bitauto (BITA).

Phoenix New Media trades on the New York Stock Exchange (NYSE) under the ticker symbol "FENG."

Phoenix New Media's stock is owned by a number of retail and institutional investors. Top institutional investors include Simplex Trading LLC (0.00%).

Shares of FENG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of FENG stock can currently be purchased for approximately $1.11.

Phoenix New Media (NYSE:FENG) has a market capitalization of $13.46 million and generates $113.92 million in revenue each year. The information services provider earns $-16,290,000.00 in net income (profit) each year or ($0.27) on an earnings per share basis.

The company employs 893 workers across the globe.

Phoenix New Media's mailing address is SINOLIGHT PLAZA FL.16 NO.4 QIYANG RD. WANGJING CHAOYANG DISTRICT, Beijing F4, 100102. The official website for the company is www.ifeng.com. The information services provider can be reached via phone at 861060676869, via email at investorrelations@ifeng.com, or via fax at 86-10-6067-6002.