FiscalNote (NYSE:NOTE) Share Price Crosses Below Two Hundred Day Moving Average – What’s Next?
by Teresa Graham · The Cerbat GemFiscalNote Holdings, Inc. (NYSE:NOTE – Get Free Report)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.27 and traded as low as $1.5250. FiscalNote shares last traded at $1.56, with a volume of 190,215 shares traded.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on NOTE shares. Weiss Ratings reissued a “sell (e+)” rating on shares of FiscalNote in a report on Thursday. LADENBURG THALM/SH SH upgraded FiscalNote to a “strong-buy” rating in a research report on Thursday, December 18th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $29.25.
Check Out Our Latest Stock Report on NOTE
FiscalNote Stock Performance
The firm has a 50 day moving average price of $1.81 and a 200 day moving average price of $4.27. The stock has a market cap of $24.51 million, a PE ratio of -0.37 and a beta of 0.62. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.66.
FiscalNote (NYSE:NOTE – Get Free Report) last posted its earnings results on Thursday, November 6th. The company reported ($1.73) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.84) by ($0.89). The company had revenue of $22.43 million during the quarter, compared to analysts’ expectations of $22.83 million. FiscalNote had a negative net margin of 54.31% and a negative return on equity of 75.96%. As a group, research analysts forecast that FiscalNote Holdings, Inc. will post -0.43 earnings per share for the current year.
Institutional Trading of FiscalNote
A number of institutional investors have recently made changes to their positions in NOTE. R Squared Ltd acquired a new stake in FiscalNote during the second quarter worth $27,000. Bank of America Corp DE grew its position in shares of FiscalNote by 51.5% during the fourth quarter. Bank of America Corp DE now owns 49,042 shares of the company’s stock worth $52,000 after buying an additional 16,675 shares in the last quarter. Two Sigma Investments LP purchased a new stake in shares of FiscalNote in the 3rd quarter valued at approximately $64,000. Raymond James Financial Inc. raised its stake in FiscalNote by 4,900.0% in the third quarter. Raymond James Financial Inc. now owns 15,000 shares of the company’s stock valued at $69,000 after buying an additional 14,700 shares in the last quarter. Finally, International Assets Investment Management LLC raised its position in shares of FiscalNote by 25.2% during the 2nd quarter. International Assets Investment Management LLC now owns 158,835 shares of the company’s stock worth $85,000 after acquiring an additional 32,000 shares in the last quarter. 54.31% of the stock is owned by institutional investors and hedge funds.
FiscalNote Company Profile
FiscalNote is a technology and data services company specializing in government and regulatory intelligence. Founded in 2013 by Timothy Hwang, Gerald Yao and Jonathan Chen, the company is headquartered in Washington, DC, with additional offices in New York, Brussels, London, Singapore and Hong Kong. FiscalNote went public in March 2021 through a special-purpose acquisition company (SPAC) merger and is listed on the New York Stock Exchange under the ticker NOTE.
The company’s flagship software-as-a-service platform aggregates legislative and regulatory data from jurisdictions around the world, combining that information with AI-driven analytics and expert commentary.