FiscalNote Holdings Inc. (NYSE: NOTE) is -62.56% lower on its value in year-to-date trading and has touched a low of $1.31 and a high of $12.30 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NOTE stock was last observed hovering at around $2.17 in the last trading session, with the day’s gains setting it 0.2% off its average median price target of $7.50 for the next 12 months. It is also 73.67% off the consensus price target high of $9.00 offered by 4 analysts, but current levels are -18.5% lower than the price target low of $2.00 for the same period.
Currently trading at $2.37, the stock is 26.37% and 23.13% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.36 million and changing 9.22% at the moment leaves the stock -50.92% off its SMA200. NOTE registered -76.13% loss for a year compared to 6-month loss of -60.30%. The firm has a 50-day simple moving average (SMA 50) of $3.92 and a 200-day simple moving average (SMA200) of -$4.24.
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The stock witnessed a 37.79% gain in the last 1 month and extending the period to 3 months gives it a -18.28%, and is 12.32% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 12.70% over the week and 12.70% over the month.
FiscalNote Holdings Inc. (NOTE) has around 720 employees, a market worth around $310.49M and $113.80M in sales. Distance from 52-week low is 80.92% and -80.73% from its 52-week high. The company has generated returns on investments over the last 12 months (-45.30%).
FiscalNote Holdings Inc. (NOTE) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for FiscalNote Holdings Inc. (NOTE) is a “Overweight”. 4 analysts offering their recommendations for the stock have an average rating of 2.00, where 1 rate it as a Hold and 0 think it is a “Overweight”. 3 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
FiscalNote Holdings Inc. is expected to release its quarterly report on 08/14/2023.The EPS is expected to grow by 21.90% this year
FiscalNote Holdings Inc. (NOTE) Top Institutional Holders
The shares outstanding are 133.94M, and float is at 99.14M with Short Float at 4.80%.
FiscalNote Holdings Inc. (NOTE) Insider Activity
A total of 60 insider transactions have happened at FiscalNote Holdings Inc. (NOTE) in the last six months, with sales accounting for 47 and purchases happening 13 times. The most recent transaction is an insider purchase by McChrystal Stanley A, the company’s Director. SEC filings show that McChrystal Stanley A bought 23,000 shares of the company’s common stock on May 18 at a price of $2.19 per share for a total of $50370.0. Following the purchase, the insider now owns 0.18 million shares.