As of Friday close, FiscalNote Holdings Inc.’s (NYSE:NOTE) stock was down -$0.17, moving down -5.92 percent to $2.70. The average number of shares traded per day over the past five days has been 1,028,880 shares. 2 times new highs have been achieved over the past 5 days, with a $0.17 gain in that time frame. In the last twenty days, the average volume was 1,190,175, while in the previous 50 days, it was 1,706,668.
Since last month, NOTE stock retreated -30.95%. Shares of the company fell to $2.35 on 08/11/23, the lowest level in the past month. A 52-week high of $12.30 was reached on 01/10/23 after having rallying from a 52-week low of $1.31. Since the beginning of this year, NOTE’s stock price has dropped by -57.35% or -$3.63, and marked a new high 2 times. However, the stock has declined by -78.05% since its 52-week high.
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NOTE stock investors should be aware that FiscalNote Holdings Inc. (NOTE) stock had its last reported insider trading activity 8 days ago on Aug 11. McChrystal Stanley A, the Director of the company, purchased of 8,000 shares for $2.42 on Aug 11. It resulted in a $19,360 investment by the insider. Yiu Conrad added 55,000 shares at an average price of $3.00 on Jun 13. The insider now owns 1,511,985 shares following the transaction. On May 18, Director McChrystal Stanley A bought 23,000 shares at $2.19 apiece. The transaction was valued at $50,370.
Valuation Metrics
The stock’s beta is 0.34. Besides these, the trailing price-to-sales (P/S) ratio of 3.01, the price-to-book (PB) ratio of 2.55.
Financial Health
In the three months ended June 29, FiscalNote Holdings Inc.’s quick ratio stood at 1.10, while its current ratio was 1.10, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.26, and the total debt-to-equity ratio was 1.26. On the profitability front, the trailing twelve-month gross margin is 80.00% percent. Based on annual data, NOTE earned $81.83 million in gross profit and brought in $113.77 million in revenue.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. NOTE’s revenue rose 100.0% to $31.53 million during the quarter, while net income inched up to $32.84 million. While analysts expected FiscalNote Holdings Inc. to report -$0.13 quarterly earnings, the actual figure was -$0.23 per share, beating the consensus estimate by -76.90%. During the quarter, the company generated -$9.87 million in EBITDA. The liabilities of FiscalNote Holdings Inc. were 329.24 million at the end of its most recent quarter ended June 29, and its total debt was $245.8 million. The value of shareholders’ equity is $128.67 million.
Technical Picture
This quick technical analysis looks at FiscalNote Holdings Inc.’s (NOTE) price momentum. With a historical volatility rate of 160.40%, the RSI 9-day stood at 38.35% on 18 August.
With respect to its five-day moving average, the current FiscalNote Holdings Inc. price is up by +6.72% percent or $0.17. At present, NOTE shares trade -23.30% below its 20-day simple moving average and +50.00% percent above its 100-day simple moving average. However, the stock is currently trading approximately +12.03% above its SMA50 and -45.67% below its SMA200.
Stochastic coefficient K was 35.66% and Stochastic coefficient D was 35.23%, while ATR was 0.30. Given the Stochastic reading of 27.13% for the 14-day period, the RSI (14) reading has been calculated as 40.14%. As of today, the MACD Oscillator reading stands at 0.02, while the 14-day reading stands at -0.14.
Analyst Ratings
B. Riley Securities launched its rating on FiscalNote Holdings Inc. (NYSE: NOTE) to a Buy in a note to investors on July 26, 2023. FiscalNote Holdings Inc. (NOTE) has been rated Buy by analysts. According to 0 brokerage firms, NOTE is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate FiscalNote Holdings Inc. stock as buy, with 5 recommending it as overweight.
With a median target price of $4.88, the current consensus forecast for the stock is $2.75 – $9.00. Based on these forecasts, analysts predict FiscalNote Holdings Inc. (NOTE) will achieve an average price target of $5.83.
