Additionally, the 36-month beta value for NOTE is 0.43. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 0 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
The public float for NOTE is 110.75M and currently, short sellers hold a 7.19% ratio of that float. The average trading volume of NOTE on October 24, 2024 was 328.65K shares.
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NOTE) stock’s latest price update
FiscalNote Holdings Inc (NYSE: NOTE)’s stock price has dropped by -1.75 in relation to previous closing price of 1.14. Nevertheless, the company has seen a loss of -3.45% in its stock price over the last five trading days. seekingalpha.com reported 2024-08-10 that FiscalNote Holdings, Inc. (NYSE:NOTE ) Q2 2024 Earnings Conference Call August 8, 2024 5:00 PM ET Company Participants Bob Burrows – Western Avenue Advisers LLC Tim Hwang – Chairman, Chief Executive Officer and Co-Founder Jon Slabaugh – Chief Financial Officer and Chief Investment Officer Josh Resnik – President and Chief Operating Officer Conference Call Participants Ethan Widell – B. Riley Securities Operator Good afternoon, ladies and gentlemen, and welcome to the FiscalNote Second Quarter 2024 Financial Results Conference Call.
NOTE’s Market Performance
FiscalNote Holdings Inc (NOTE) has experienced a -3.45% fall in stock performance for the past week, with a -11.11% drop in the past month, and a -38.46% drop in the past quarter. The volatility ratio for the week is 4.75%, and the volatility levels for the past 30 days are at 5.46% for NOTE. The simple moving average for the past 20 days is -5.33% for NOTE’s stock, with a -19.13% simple moving average for the past 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 -8.65% 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 -50.66% of loss for the given period.
Volatility was left at 5.46%, however, over the last 30 days, the volatility rate increased by 4.75%, as shares sank -9.60% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.87% lower at present.
During the last 5 trading sessions, NOTE fell by -2.59%, which changed the moving average for the period of 200-days by +9.71% in comparison to the 20-day moving average, which settled at $1.1835. In addition, FiscalNote Holdings Inc saw -1.75% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at NOTE starting from Resnik Josh, who sale 817 shares at the price of $1.15 back on Oct 07 ’24. After this action, Resnik Josh now owns 741,465 shares of FiscalNote Holdings Inc, valued at $939 using the latest closing price.
Donnell Paul, the Chief Accounting Officer of FiscalNote Holdings Inc, sale 447 shares at $1.15 during a trade that took place back on Oct 07 ’24, which means that Donnell Paul is holding 107,105 shares at $514 based on the most recent closing price.
Stock Fundamentals for NOTE
Current profitability levels for the company are sitting at:
- -0.37 for the present operating margin
- 0.62 for the gross margin
The net margin for FiscalNote Holdings Inc stands at -0.21. The total capital return value is set at -0.17. Equity return is now at value -27.30, with -7.12 for asset returns.
Based on FiscalNote Holdings Inc (NOTE), the company’s capital structure generated 0.58 points at debt to capital in total, while cash flow to debt ratio is standing at -0.11. The debt to equity ratio resting at 1.4. The interest coverage ratio of the stock is -1.67.
Currently, EBITDA for the company is -37.73 million with net debt to EBITDA at -11.82. When we switch over and look at the enterprise to sales, we see a ratio of 2.29. The receivables turnover for the company is 8.95for trailing twelve months and the total asset turnover is 0.37. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.96.
Conclusion
In conclusion, FiscalNote Holdings Inc (NOTE) has seen bad performance in recent times. Analysts have a bullish 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.
