FiscalNote Holdings Inc. (NYSE:NOTE) currently has a daily average trading volume of 317.14K but it saw 1679162 shares traded on Thursday. With a market cap of 199.99M USD, stock’s current market price of $1.49 came falling about -4.49 while comparing to the previous closing price of $1.56. In past 52 weeks, the stock remained buoying in the range of price level as high as $12.30 and as low as $1.53. In the recent trading on the day, stock has struck highest price mark of $1.52 while lowest mark touched by it was $1.36.
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Taking a look at 20-day trading activity of FiscalNote Holdings Inc. (NOTE) gives us an average price of $2.2285, while its current price level is -87.89% below from 52-week high level whereas it is -2.61% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $3.6866 while that of 200 days or SMA-200 reads an average of $6.6529. A closer look into the stock’s movement over the week reveals that its volatility is standing at 13.97% during that period while stretching the period over a month that decreases to 10.20%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 19.47 which implies that the stock is in oversold territory.
FiscalNote Holdings Inc. (NOTE)’s stock is currently under the radar of 4 analysts who are in consensus at a 12-month price target range of between $2.50 and $9.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $2.50 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $9.00. Average price target assigned by them is $6.88 which highlights an upside potential of 78.34% for the stock over that period. And to attain the median price target of $8.00 assigned by those analysts, stock has to add about 81.38% of value to its current levels.
Data by FactSet Research shows that 4 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 3 analysts suggested the investors to Buy the stock while 1 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Overweight for the stock and that issued by Wall Street to investors is Moderate Buy.
Over the week, NOTE’s stock price is moving -15.82% down while it is -56.81% when we observe its performance for the past one month. Year-to-date it is -76.46% down and over the past year, the stock is showing a downside performance of -84.98%.
The latest quarterly earnings report issued by the company was for quarter ended 9/29/2022, when its quarterly earnings per share (EPS) of -$1.39 beaten by the consensus estimate of -$0.13 for the same. The company is expected to be releasing its next quarterly report in 05/31/2023, for which analysts forecasted an EPS of -$0.13 while estimate for next year EPS is -$2.07. In next quarter, company is expected to be making quarterly sales of $31.62 million as analysts are expecting the sales for current fiscal year at $113.56 million and seeing the company making $135.78 million in sales next year. Moreover, analysts are in estimates of $30.82 million for current-quarter revenue.
Currently, FiscalNote Holdings Inc.’s total number of outstanding shares is 131.19M with 9.39% of that held by the insiders while 40.13% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 33.40%. Stock has a price to book (P/B) ratio of 1.08 while price to sale or P/S ratio amounts to 1.87.
A filing at the U.S. Securities and Exchange Commission revealed that Vanguard Extended Market Index Fu came shrinking its share ownership by -0.03% in the FiscalNote Holdings Inc. (NOTE) decreasing its stake to 0.77% with control over 290.0 shares in the company. In the most recent quarter, Schwab US Small Cap ETF came cutting its stake by -0.02% in the company and now holds 0.31 million or 0.25% of the company’s stake having worth of about 0.72 million.
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