Phoenix New Media Ltd ADR [FENG] stock prices are up 19.75% to $1.94 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The FENG shares have gain 14.12% over the last week, with a monthly amount glided 32.88%, and seem to be holding up well over a long-time horizon.
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On 27, September 2023, Phoenix New Media Announces up to US$2 Million Share Repurchase Program. In a post published today on Yahoo Finance, Phoenix New Media Limited (NYSE: FENG) (“Phoenix New Media”, “ifeng” or the “Company”), a leading new media company in China, today announced that the board of directors of the Company has approved a new share repurchase program. Under the terms of the approved program, the Company may repurchase up to US$2 million worth of its outstanding American depositary shares (“ADSs”), each representing 48 Class A ordinary shares of the Company, from time to time for a period not to exceed five (5) months starting from September 27, 2023, the effective date of the program. The Company expects to fund the repurchases made under this program from its existing cash balance. The repurchases may be made in open market transactions at prevailing market prices, including pursuant to any trading plan that may be established in compliance with Rule 10b-18 and Rule 10b5-1 under the U.S. Securities Exchange Act of 1934, as amended, or through privately negotiated transactions or block trades, or by any combination of the foregoing. The timing and extent of any repurchases will depend on market conditions, the trading price of the Company’s ADSs and other factors. The plan will be implemented in compliance with relevant United States securities laws and regulations and the Company’s securities trading policy. The Company’s board of directors will review the share repurchase program periodically and may authorize adjustment of its terms and size accordingly. The Company has no obligation to repurchase any amounts under the program.
From an analyst’s perspective:
Previously, Macquarie upgraded its rating to Outperform on November 14, 2017. JP Morgan started tracking the stock assigning a Overweight rating and suggested a price target of $4.70 on February 23, 2016. Macquarie downgraded its rating to a Neutral.
The stock price of Phoenix New Media Ltd ADR [FENG] has been fluctuating between $1.10 and $4.14 over the past year. Phoenix New Media Ltd ADR [NYSE: FENG] shares were valued at $1.94 at the most recent close of the market.
Analyzing the FENG fundamentals
The Phoenix New Media Ltd ADR [NYSE:FENG] reported sales of 97.56M for trailing twelve months, representing a drop of -6.86%. Gross Profit Margin for this corporation currently stands at 0.32% with Operating Profit Margin at -0.14%, Pretax Profit Margin comes in at -0.1%, and Net Profit Margin reading is -0.11%. To continue investigating profitability, this company’s Return on Assets is posted at -0.04, Equity is -0.06 and Total Capital is -0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.06.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 1.5900 points at the first support level, and at 1.2400 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.2700, and for the 2nd resistance point, it is at 2.6000.
Phoenix New Media Ltd ADR [FENG] reported earnings per share of -$0.6 for its fiscal quarter that ended on 3/30/2020. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$1.16/share, meaning a difference of $0.56 and a surprise factor of 48.30%. By comparison, the stated earnings for the previous quarter ended on 12/30/2019 were -$1.01 per share as compared to estimates of -$0.23 per share, a difference of -$0.78 representing a surprise of -339.10%.
Ratios To Look Out For
It’s worth pointing out that Phoenix New Media Ltd ADR [NYSE:FENG]’s Current Ratio is 2.81. As well, the Quick Ratio is 2.72, while the Cash Ratio is 0.17. Considering the valuation of this stock, the price to sales ratio is 0.11, the price to book ratio is 0.14.
