FiscalNote (NYSE:NOTE) Stock Price Crosses Below Fifty Day Moving Average – Time to Sell?
by Mitch Edgeman · The Markets DailyFiscalNote Holdings, Inc. (NYSE:NOTE – Get Free Report) passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $0.20 and traded as low as $0.11. FiscalNote shares last traded at $0.1417, with a volume of 848,028 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, LADENBURG THALM/SH SH decreased their price objective on shares of FiscalNote from $11.00 to $9.75 and set a “buy” rating for the company in a research note on Thursday, March 26th. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $27.38.
View Our Latest Analysis on NOTE
FiscalNote Price Performance
The company has a quick ratio of 1.01, a current ratio of 1.03 and a debt-to-equity ratio of 2.03. The firm has a market capitalization of $3.15 million, a price-to-earnings ratio of -0.03 and a beta of 0.77. The company has a fifty day moving average price of $0.19 and a two-hundred day moving average price of $0.82.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Focus Partners Wealth raised its holdings in shares of FiscalNote by 830.9% in the first quarter. Focus Partners Wealth now owns 800,033 shares of the company’s stock valued at $647,000 after buying an additional 714,091 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of FiscalNote during the second quarter worth about $232,000. NewEdge Advisors LLC grew its holdings in shares of FiscalNote by 617.6% during the second quarter. NewEdge Advisors LLC now owns 268,094 shares of the company’s stock worth $144,000 after buying an additional 230,733 shares during the last quarter. Yorkville Advisors Global LP acquired a new position in FiscalNote in the 3rd quarter valued at about $440,000. Finally, Stonehill Capital Management LLC increased its position in FiscalNote by 55.9% in the 4th quarter. Stonehill Capital Management LLC now owns 221,050 shares of the company’s stock valued at $325,000 after acquiring an additional 79,299 shares during the period. 54.31% of the stock is owned by hedge funds and other institutional investors.
FiscalNote Company Profile
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.