FiscalNote (NYSE:NOTE) Shares Pass Below 50-Day Moving Average – What’s Next?

FiscalNote Holdings, Inc. (NYSE:NOTEGet Free Report)’s share price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $0.17 and traded as low as $0.0857. FiscalNote shares last traded at $0.10, with a volume of 318,102 shares traded.

Analyst Ratings Changes

Separately, LADENBURG THALM/SH SH cut their price objective on FiscalNote from $11.00 to $9.75 and set a “buy” rating on the stock in a research report on Thursday, March 26th. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $27.38.

Read Our Latest Analysis on FiscalNote

FiscalNote Price Performance

The firm has a market cap of $2.51 million, a PE ratio of -0.02 and a beta of 0.81. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.03 and a quick ratio of 1.01. The business’s fifty day moving average is $0.17 and its 200-day moving average is $0.70.

Institutional Investors Weigh In On FiscalNote

A number of hedge funds have recently modified their holdings of NOTE. Focus Partners Wealth lifted its stake in 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 purchasing an additional 714,091 shares during the last quarter. Goldman Sachs Group Inc. increased its position in FiscalNote by 8.2% in the first quarter. Goldman Sachs Group Inc. now owns 475,798 shares of the company’s stock worth $384,000 after buying an additional 35,984 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of FiscalNote in the second quarter valued at $232,000. NewEdge Advisors LLC lifted its position in shares of FiscalNote by 617.6% during the 2nd quarter. NewEdge Advisors LLC now owns 268,094 shares of the company’s stock valued at $144,000 after buying an additional 230,733 shares during the last quarter. Finally, Stonehill Capital Management LLC lifted its position in shares of FiscalNote by 55.9% during the 4th quarter. Stonehill Capital Management LLC now owns 221,050 shares of the company’s stock valued at $325,000 after buying an additional 79,299 shares during the last quarter. Institutional investors own 54.31% of the company’s stock.

FiscalNote Company Profile

(Get Free Report)

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.

Further Reading

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