FiscalNote Holdings Inc. (NYSE:NOTE) finished Wednesday with a subtraction of -$0.78 to close at $2.67, a downside of -22.61 percent. An average of 1,371,000 shares of common stock have been traded in the last five days. There was a fall of -$0.56 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 1,394,880 shares traded, while the 50-day average volume stands at 1,784,516.
NOTE stock has decreased by -29.92% in the last month. The company shares reached their 1-month lowest point of $2.43 on 08/09/23. With the stock rallying to its 52-week high on 01/10/23, shares of the company touched a low of $1.31 and a high of $12.30 in 52 weeks. It has reached a new high 2 times so far this year and lost -57.82% or -$3.66 in price. In spite of this, the price is down -78.29% from the 52-week high.
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Valuation Metrics
FiscalNote Holdings Inc. (NOTE) stock’s beta is 0.25. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.02, the price-to-book (PB) ratio at 2.52.
Financial Health
The quick ratio of FiscalNote Holdings Inc. for the three months ended March 30 was 1.10, and the current ratio was 1.10, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.26 and a total debt to equity ratio of 1.26 for the quarter ending March 30. FiscalNote Holdings Inc.’s EBITDA margin for the year ending March 30 is -51.00%. Its gross profit as reported stood at $81.83 million compared to revenue of $113.77 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, FiscalNote Holdings Inc.’s return on assets was -56.60%.
Earnings Surprise
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$19.27 million in the quarter, while revenues were grew 137.57%. The analyst consensus anticipated FiscalNote Holdings Inc.’s latest quarter earnings to come in at -$0.15 per share, but it turned out to be -$0.14, a 6.70% surprise. For the quarter, EBITDA amounted to -$20.79 million. Shareholders own equity worth $133.94 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at FiscalNote Holdings Inc. (NOTE) price momentum. RSI 9-day as of the close on 09 August was 28.15%, suggesting the stock is oversold, with historical volatility in this time frame at 142.96%.
As of today, NOTE’s price is $3.16 -17.34% or -$0.56 from its 5-day moving average. NOTE is currently trading -30.29% lower than its 20-day SMA and +79.19% higher than its 100-day SMA. However, the stock’s current price level is +14.59% above the SMA50 and -47.85% below the SMA200.
The stochastic %K and %D were 20.57% and 15.29%, respectively, and the average true range (ATR) was 0.35. With the 14-day stochastic at 15.79% and the average true range at 0.33, the RSI (14) stands at 34.51%. The stock has reached -0.11 on the 9-day MACD Oscillator while the 14-day reading was at -0.16.
Analyst Ratings
B. Riley Securities launched coverage on FiscalNote Holdings Inc. (NYSE: NOTE) in its analyst report released on July 26, 2023. The firm assigned the stock a Buy rating.
What is NOTE’s price target for the next 12 months?
Analysts predict a range of price targets between $2.00 and $9.00, with a median target of $5.50. Taking a look at these predictions, the average price target given by analysts for FiscalNote Holdings Inc. (NOTE) stock is $5.96.
