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 stock has decreased by 17.2% and is now trading at $2.22.
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Phoenix New Media saw a decline in short interest in the month of March. As of March 15th, there was short interest totaling 20,300 shares, a decline of 16.8% from the February 28th total of 24,400 shares. Based on an average daily trading volume, of 24,000 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.4% 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, May 8th 2023.
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Phoenix New Media Limited (NYSE:FENG) posted its earnings results on Tuesday, August, 14th. The information services provider reported $0.60 EPS for the quarter, topping the consensus estimate 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 net margin of 15.01% and a negative trailing twelve-month return on equity of 9.47%.

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 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 issued an update on its first quarter 2023 earnings guidance on Monday, March, 13th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $17.85 million-$20.75 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 Group One Trading L.P. (0.00%), Belvedere Trading LLC (0.00%), Renaissance Technologies LLC (0.00%), Virtu Financial LLC (0.00%), Simplex Trading LLC (0.00%) 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 $2.22.

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 861060676869, via email at investorrelations@ifeng.com, or via fax at 86-10-6067-6002.