FiscalNote (NYSE:NOTE) Stock Price Crosses Below 50 Day Moving Average – Time to Sell?
by Doug Wharley · The Cerbat GemFiscalNote Holdings, Inc. (NYSE:NOTE – Get Free Report)’s share price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $2.24 and traded as low as $1.66. FiscalNote shares last traded at $1.76, with a volume of 154,964 shares trading hands.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of FiscalNote in a report on Wednesday, October 8th. LADENBURG THALM/SH SH upgraded FiscalNote to a “strong-buy” rating in a research report on Thursday, December 18th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, FiscalNote presently has an average rating of “Moderate Buy” and a consensus target price of $29.25.
Check Out Our Latest Analysis on NOTE
FiscalNote Stock Performance
The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.66. The business’s 50 day moving average is $2.24 and its 200 day moving average is $4.76. The stock has a market capitalization of $27.65 million, a PE ratio of -0.41 and a beta of 0.62.
FiscalNote (NYSE:NOTE – Get Free Report) last posted its quarterly earnings data on Thursday, November 6th. The company reported ($1.73) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.84) by ($0.89). FiscalNote had a negative return on equity of 75.96% and a negative net margin of 54.31%.The firm had revenue of $22.43 million during the quarter, compared to analysts’ expectations of $22.83 million. On average, equities research analysts predict that FiscalNote Holdings, Inc. will post -0.43 earnings per share for the current fiscal year.
Institutional Trading of FiscalNote
A number of hedge funds and other institutional investors have recently bought and sold shares of NOTE. Two Sigma Investments LP purchased a new stake in shares of FiscalNote during the third quarter valued at $64,000. Raymond James Financial Inc. lifted its holdings in FiscalNote by 4,900.0% during the 3rd quarter. Raymond James Financial Inc. now owns 15,000 shares of the company’s stock valued at $69,000 after buying an additional 14,700 shares in the last quarter. Bank of America Corp DE lifted its holdings in FiscalNote by 51.5% during the 4th quarter. Bank of America Corp DE now owns 49,042 shares of the company’s stock valued at $52,000 after buying an additional 16,675 shares in the last quarter. R Squared Ltd purchased a new stake in FiscalNote in the 2nd quarter valued at about $27,000. Finally, Yorkville Advisors Global LP bought a new position in FiscalNote in the 3rd quarter worth about $440,000. Hedge funds and other institutional investors own 54.31% of the company’s stock.
About FiscalNote
FiscalNote is a technology and data services company specializing in government and regulatory intelligence. Founded in 2013 by Timothy Hwang, Gerald Yao and Jonathan Chen, the company is headquartered in Washington, DC, with additional offices in New York, Brussels, London, Singapore and Hong Kong. FiscalNote went public in March 2021 through a special-purpose acquisition company (SPAC) merger and is listed on the New York Stock Exchange under the ticker NOTE.
The company’s flagship software-as-a-service platform aggregates legislative and regulatory data from jurisdictions around the world, combining that information with AI-driven analytics and expert commentary.