Analyst Recommendations And Earnings Forecast: Phoenix New Media Limited (FENG), SMART Global Holdings, Inc. (SGH)

Phoenix New Media Limited (NYSE:FENG) last session’s volume of 0.66 million shares was lower than its average volume of 0.94 million shares. The stock, after opening at $6.66, hit $6.48 through the close by scoring -3.57%.

Phoenix New Media Limited (FENG) Analyst Opinion

Phoenix New Media Limited has a consensus outperform rating from 4 Wall Street analysts, and the number of shares currently sold short amount to at least 1.03% of shares outstanding. The stock spiked 20.67% last month and is up 106.37 this year. Wall Street is only getting more bullish on the stock, with 4 of analysts who cover FENG having a buy-equivalent rating. Analysts have placed a $7.35 price target on Phoenix New Media Limited, suggesting a 13.43% gain from recent close. It’s currently trading about -20.39% below its 52-week high.

Phoenix New Media Limited Earnings Surprise

Phoenix New Media Limited (FENG) surprised the stock market in its last reported earnings when it earned $0.48 a piece versus the consensus-estimated -$0.15. Its revenue totaled $404.69 million up 2.9% from the previous quarter.

Phoenix New Media Limited (NYSE:FENG) Intraday View

This stock (FENG) is ahead of its 52-week low with 166.67%. Its last month’s stock price volatility remained 9.4% which for the week stands at 9.02%. The share price has moved forward from its 20 days moving average, trading at a distance of 4.27% and stays 7.75% away from its 50 days moving average. Over the last five days, shares have faced -13.25% losses and now is up 58.21% since hitting its 200-day moving average of $4.34. Phoenix New Media Limited (FENG) has made its way to a 12-month gain of 71.43%.

Turning to SMART Global Holdings, Inc. (NASDAQ:SGH), its shares were trading at $31.12 a gain of $1.13, on the trading floor. The stock, after opening at $30.32, touched a high of $31.322 before paring much of its gains. So far, analysts are sticking with their bullish recommendations with the consensus call at 1.5. SMART Global Holdings, Inc. has 4 buy ratings, 0 holds and 0 sells even after the stock tumbled -27.89% from its high of $43.15 to a $760.88 million market value through last close.

SMART Global Holdings, Inc. (SGH) Consensus Price Target

The company’s consensus rating on Reuter’s scale remained unchanged from 1.33 to 1.33 during a month. Analysts set a 12-month price target of $40.83 a share. The target implies a 31.2% spike from where the shares are currently trading. Also, the current price highlights a discount of 44.6% to analysts’ high consensus price target.

SMART Global Holdings, Inc. (NASDAQ:SGH) Intraday Trading

The counter witnessed a trading volume of 1.82 million shares versus an average volume of 0.42 million shares during last trading session. Its last month’s stock price volatility remained 8.83% which for the week approaches 7.49%. The lowest price the stock reached in the last trading day was $30.02 and compares with the $11.50 52-week low. The stock recovered 170.61% since its low point and has performed 131.38% year-to-date.

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