The stock of FiscalNote Holdings Inc (NYSE: NOTE) has decreased by -12.52 when compared to last closing price of 0.88. Despite this, the company has experienced a -15.12% fall in its stock price over the last five trading sessions. zacks.com reported 2024-11-12 that FiscalNote Holdings, Inc. (NOTE) came out with a quarterly loss of $0.11 per share versus the Zacks Consensus Estimate of a loss of $0.10. This compares to loss of $0.11 per share a year ago.
Is It Worth Investing in FiscalNote Holdings Inc (NYSE: NOTE) Right Now?
The 36-month beta value for NOTE is also noteworthy at 0.47. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
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The public float for NOTE is 110.80M, and at present, short sellers hold a 6.58% of that float. The average trading volume of NOTE on November 14, 2024 was 361.81K shares.
NOTE’s Market Performance
NOTE’s stock has seen a -15.12% decrease for the week, with a -33.73% drop in the past month and a -37.50% fall in the past quarter. The volatility ratio for the week is 9.72%, and the volatility levels for the past 30 days are at 10.12% for FiscalNote Holdings Inc The simple moving average for the past 20 days is -22.73% for NOTE’s stock, with a -44.28% 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 -31.63% 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 -66.14% of loss for the given period.
Volatility was left at 10.12%, however, over the last 30 days, the volatility rate increased by 9.72%, as shares sank -33.73% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -38.99% lower at present.
During the last 5 trading sessions, NOTE fell by -15.12%, which changed the moving average for the period of 200-days by -31.97% in comparison to the 20-day moving average, which settled at $0.9948. In addition, FiscalNote Holdings Inc saw -32.57% 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 Slabaugh Jon, who sale 827 shares at the price of $0.95 back on Nov 07 ’24. After this action, Slabaugh Jon now owns 562,589 shares of FiscalNote Holdings Inc, valued at $788 using the latest closing price.
Resnik Josh, the President and COO of FiscalNote Holdings Inc, sale 802 shares at $0.95 during a trade that took place back on Nov 07 ’24, which means that Resnik Josh is holding 737,134 shares at $764 based on the most recent closing price.
Stock Fundamentals for NOTE
Current profitability levels for the company are sitting at:
- -0.33 for the present operating margin
- 0.67 for the gross margin
The net margin for FiscalNote Holdings Inc stands at -0.22. The total capital return value is set at -0.15. Equity return is now at value -30.59, with -7.54 for asset returns.
Based on FiscalNote Holdings Inc (NOTE), the company’s capital structure generated 0.65 points at debt to capital in total, while cash flow to debt ratio is standing at -0.04. The debt to equity ratio resting at 1.83. The interest coverage ratio of the stock is -1.59.
Currently, EBITDA for the company is -56.58 million with net debt to EBITDA at 4.9. When we switch over and look at the enterprise to sales, we see a ratio of 2.09. The receivables turnover for the company is 11.12for 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 0.77.
Conclusion
In summary, FiscalNote Holdings Inc (NOTE) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others 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.
