As of Wednesday close, FiscalNote Holdings Inc.’s (NYSE:NOTE) stock was up $0.04, moving up 1.78 percent to $2.29. The average number of shares traded per day over the past five days has been 1,333,600 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.46 fall in that time frame. In the last twenty days, the average volume was 1,202,245, while in the previous 50 days, it was 1,558,558.
Since last month, NOTE stock retreated -29.75%. Shares of the company fell to $2.16 on 08/29/23, the lowest level in the past month. A 52-week high of $10.30 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 -63.82% or -$4.04, and marked a new high 2 times. However, the stock has declined by -77.77% since its 52-week high.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
NOTE stock investors should be aware that FiscalNote Holdings Inc. (NOTE) stock had its last reported insider trading activity 2 days ago on Aug 29. Hwang Tim, the of the company, disposed of 64,724 shares for $2.25 on Aug 29. It resulted in a $145,849 divestment by the insider. Hwang Tim sold 332,424 shares at an average price of $2.32 on Aug 28. The insider now owns 3,323,029 shares following the transaction. On Aug 21, Aman Todd sold 1,810 shares at $2.81 apiece. The transaction was valued at $5,092.
Valuation Metrics
The stock’s beta is 0.38. Besides these, the trailing price-to-sales (P/S) ratio of 2.60, the price-to-book (PB) ratio of 2.16.
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 59.67%, the RSI 9-day stood at 30.42% on 30 August.
With respect to its five-day moving average, the current FiscalNote Holdings Inc. price is down by -16.73% percent or -$0.46. At present, NOTE shares trade -29.10% below its 20-day simple moving average and +8.02% percent above its 100-day simple moving average. However, the stock is currently trading approximately -33.04% below its SMA50 and -65.25% below its SMA200.
Stochastic coefficient K was 10.24% and Stochastic coefficient D was 8.31%, while ATR was 0.24. Given the Stochastic reading of 15.29% for the 14-day period, the RSI (14) reading has been calculated as 34.15%. As of today, the MACD Oscillator reading stands at -0.24, while the 14-day reading stands at -0.33.
