Is FiscalNote Holdings Inc (NYSE: NOTE) Proving The Doubters Wrong?

FiscalNote Holdings Inc (NOTE) concluded trading on Wednesday at a closing price of $1.63, with 1.98 million shares of worth about $3.22 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 55.24% during that period and on Wednesday the price saw a gain of about 10.88%. Currently the company’s common shares owned by public are about 121.68M shares, out of which, 106.51M shares are available for trading.

Stock saw a price change of 8.67% in past 5 days and over the past one month there was a price change of 32.52%. Year-to-date (YTD), NOTE shares are showing a performance of 42.98% which decreased to -54.97% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.65 but also hit the highest price of $4.51 during that period. The average intraday trading volume for FiscalNote Holdings Inc shares is 715.69K. The stock is currently trading 22.65% above its 20-day simple moving average (SMA20), while that difference is up 20.83% for SMA50 and it goes to 15.75% higher than SMA200.

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FiscalNote Holdings Inc (NYSE: NOTE) currently have 121.68M outstanding shares and institutions hold larger chunk of about 35.77% of that.

The stock has a current market capitalization of $219.04M and its 3Y-monthly beta is at 0.44. It has posted earnings per share of -$0.39 in the same period. It has Quick Ratio of 1.04 while making debt-to-equity ratio of 1.72. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NOTE, volatility over the week remained 8.87% while standing at 8.27% over the month.

Stock’s fiscal year EPS is expected to rise by 97.44% while it is estimated to decrease by -904.44% in next year.

Coverage by B. Riley Securities stated FiscalNote Holdings Inc (NOTE) stock as a Buy in their note to investors on July 26, 2023, suggesting a price target of $5 for the stock. Stock get a Buy rating from BTIG Research on August 30, 2022.

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