The stock price of FiscalNote Holdings Inc (NYSE: NOTE) has dropped by -8.71 compared to previous close of 0.93. Despite this, the company has seen a gain of 8.50% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-16 that FiscalNote Holdings, Inc. (NYSE:NOTE ) Q3 2024 Earnings Conference Call November 13, 2024 5:00 PM ET Company Participants Bob Burrows – Western Avenue Advisers LLC Timothy Hwang – Chairman, Chief Executive Officer and Co-Founder Joshua Resnik – President and Chief Operating Officer Jon Slabaugh – Chief Financial Officer and Chief Investment Officer Conference Call Participants Jesse Sobelson – D. Boral Capital Mike Latimore – Northland Capital Markets Ethan Widell – B.
Is It Worth Investing in FiscalNote Holdings Inc (NYSE: NOTE) Right Now?
The 36-month beta value for NOTE is also noteworthy at 0.49. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 1 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 112.28M, and at present, short sellers hold a 6.49% of that float. The average trading volume of NOTE on November 27, 2024 was 419.39K shares.
NOTE’s Market Performance
NOTE stock saw a decrease of 8.50% in the past week, with a monthly decline of -17.04% and a quarterly a decrease of -32.84%. The volatility ratio for the week is 9.88%, and the volatility levels for the last 30 days are 10.25% for FiscalNote Holdings Inc (NOTE). The simple moving average for the past 20 days is -2.83% for NOTE’s stock, with a -37.45% 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 -19.57% 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 -62.72% of loss for the given period.
Volatility was left at 10.25%, however, over the last 30 days, the volatility rate increased by 9.88%, as shares sank -14.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -30.07% lower at present.
During the last 5 trading sessions, NOTE rose by +8.50%, which changed the moving average for the period of 200-days by -47.11% in comparison to the 20-day moving average, which settled at $0.8709. In addition, FiscalNote Holdings Inc saw -25.77% 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 Hwang Tim, who proposed sale 100 shares at the price of $1.00 back on Nov 25 ’24. After this action, Hwang Tim now owns shares of FiscalNote Holdings Inc, valued at $100 using the latest closing price.
Aman Todd, the SVP, General Counsel & Sec. of FiscalNote Holdings Inc, sale 447 shares at $0.81 during a trade that took place back on Nov 15 ’24, which means that Aman Todd is holding 168,411 shares at $362 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 0.61 points at debt to capital in total, while cash flow to debt ratio is standing at -0.05. The debt to equity ratio resting at 1.54. 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 4.63. When we switch over and look at the enterprise to sales, we see a ratio of 2.19. 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.
