Additionally, the 36-month beta value for NOTE is 0.40. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for NOTE is 106.90M and currently, short sellers hold a 7.73% ratio of that float. The average trading volume of NOTE on May 09, 2024 was 842.36K shares.
NOTE) stock’s latest price update
FiscalNote Holdings Inc (NYSE: NOTE)’s stock price has gone rise by 5.74 in comparison to its previous close of 1.22, however, the company has experienced a -4.44% decrease in its stock price over the last five trading days. Business Wire reported 2024-05-03 that WASHINGTON–(BUSINESS WIRE)–FiscalNote to Present at Upcoming Investor Conferences.
NOTE’s Market Performance
FiscalNote Holdings Inc (NOTE) has seen a -4.44% fall in stock performance for the week, with a 1.57% gain in the past month and a -15.69% plunge in the past quarter. The volatility ratio for the week is 8.48%, and the volatility levels for the past 30 days are at 8.50% for NOTE. The simple moving average for the last 20 days is 1.74% for NOTE’s stock, with a simple moving average of -21.87% for the last 200 days.
Analysts’ Opinion of NOTE
B. Riley Securities, on the other hand, stated in their research note that they expect to see NOTE reach a price target of $5. The rating they have provided for NOTE stocks is “Buy” according to the report published on July 26th, 2023.
ROTH MKM gave a rating of “Buy” to NOTE, setting the target price at $4.75 in the report published on June 21st of the previous year.
NOTE Trading at -10.99% from the 50-Day Moving Average
After a stumble in the market that brought NOTE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -71.37% of loss for the given period.
Volatility was left at 8.50%, however, over the last 30 days, the volatility rate increased by 8.48%, as shares surge +1.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -17.52% lower at present.
During the last 5 trading sessions, NOTE fell by -4.07%, which changed the moving average for the period of 200-days by -60.52% in comparison to the 20-day moving average, which settled at $1.2687. In addition, FiscalNote Holdings Inc saw 13.16% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at NOTE starting from Hwang Tim, who sale 30,168 shares at the price of $1.33 back on May 01 ’24. After this action, Hwang Tim now owns 2,747,400 shares of FiscalNote Holdings Inc, valued at $40,087 using the latest closing price.
Resnik Josh, the President and COO of FiscalNote Holdings Inc, sale 3,751 shares at $1.36 during a trade that took place back on Apr 30 ’24, which means that Resnik Josh is holding 455,691 shares at $5,105 based on the most recent closing price.
Stock Fundamentals for NOTE
Current profitability levels for the company are sitting at:
- -0.5 for the present operating margin
- 0.6 for the gross margin
The net margin for FiscalNote Holdings Inc stands at -0.87. The total capital return value is set at -0.22. Equity return is now at value -122.73, with -28.73 for asset returns.
Based on FiscalNote Holdings Inc (NOTE), the company’s capital structure generated 0.84 points at debt to capital in total, while cash flow to debt ratio is standing at -0.16. The debt to equity ratio resting at 5.19. The interest coverage ratio of the stock is -2.21.
Currently, EBITDA for the company is -37.73 million with net debt to EBITDA at -7.28. When we switch over and look at the enterprise to sales, we see a ratio of 3.0. The receivables turnover for the company is 7.32for trailing twelve months and the total asset turnover is 0.36. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.71.
Conclusion
In conclusion, FiscalNote Holdings Inc (NOTE) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
