Phoenix New Media (FENG) Stock Falls 5.47% Amidst Market Fluctuations

Author's Avatar
6 days ago
Article's Main Image

Phoenix New Media (FENG, Financial) recently experienced a significant stock decline of 5.47%, with shares trading at $2.42. The trading volume was 1,110 shares, with a turnover rate of 0.01% and a price fluctuation of 2.93%. According to the latest financial report, the company recorded a revenue of $22.92 million, a net loss of $2.58 million, and an earnings per share (EPS) of -$0.21, with a gross profit of $8.69 million and a price-to-earnings (P/E) ratio of -5.13.

Currently, no institutional ratings are available for the stock. Within the internet information services sector, the overall rise was 0.61%. Notable performers in the sector included Onfolio Holdings Inc, Leafly Holdings, Inc., and Upexi, Inc. Phoenix New Media primarily operates in China, providing premium content via internet, mobile, and TV channels, focusing on online advertising and paid services.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.