Phoenix New Media - FENG Stock Forecast, Price & News

Phoenix New Media's stock was trading at $5.1720 on January 1st, 2022. Since then, FENG stock has decreased by 5.3% and is now trading at $4.90.
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Phoenix New Media saw a decline in short interest in July. As of July 31st, there was short interest totaling 224,900 shares, a decline of 12.8% from the July 15th total of 258,000 shares. Based on an average daily trading volume, of 93,200 shares, the short-interest ratio is currently 2.4 days. Approximately 4.1% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Monday, August 15th 2022.
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Phoenix New Media Limited (NYSE:FENG) posted its quarterly earnings data on Tuesday, August, 14th. The information services provider reported $0.60 earnings per share for the quarter, beating analysts' consensus estimates of $0.36 by $0.24. The information services provider had revenue of $54.78 million for the quarter. Phoenix New Media had a negative trailing twelve-month return on equity of 17.94% and a negative net margin of 26.17%.

Shares of Phoenix New Media reverse split before market open on 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 market closes 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 second quarter 2022 earnings guidance on Monday, June, 6th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $31.33 million-$34.48 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 variety of institutional and retail investors. Top institutional shareholders include Renaissance Technologies LLC (0.48%), Russell Investments Group Ltd. (0.05%) and Concourse Financial Group Securities Inc. (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 $4.90.

Phoenix New Media (NYSE:FENG) has a market capitalization of $59.46 million and generates $161.68 million in revenue each year. The information services provider earns $-31,880,000.00 in net income (profit) each year or ($3.3593) on an earnings per share basis.

The company employs 1,245 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 861060676000, via email at investorrelations@ifeng.com, or via fax at 86-10-6067-6002.