17-Jan-2025
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Phoenix New Media Ltd is a media company providing premium content on an integrated platform across the internet, mobile and TV channels in China. The company organizes its operations into two main segments: Net advertising services and Paid services. It provides its content and services through three channels: ifeng.com channel, video channel, and mobile channel. The company also offers a wide range of paid services including mobile value-added services, games, and content sales. It generates the majority of its revenue from Net advertising services. Geographically, it derives revenue from China.
Phoenix New Media Limited American Depositary Shares Each Representing 48 Class A Ordinary Shares. trades on the NYSE stock market under the symbol FENG.
As of January 17, 2025, FENG stock price climbed to $2.49 with 4,042 million shares trading.
FENG has a market cap of $29.85 million. This is considered a Sub-Micro Cap stock.
In the last 3 years, FENG traded as high as $5.88 and as low as $1.10.
FENG has outperformed the market in the last year with a return of +70.5%, while the SPY ETF gained +28.0%. However, in the most recent history, FENG shares have underperformed the stock market with its stock returning -16.7% in the last 3 month period and +0.8% for the last 2 week period, while SPY has returned +3.0% and +1.0%, respectively.
FENG support price is $2.28 and resistance is $2.52 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FENG shares will trade within this expected range on the day.