During the last session, FiscalNote Holdings Inc (NYSE:NOTE)’s traded shares were 0.54 million, with the beta value of the company hitting 0.47. At the end of the trading day, the stock’s price was $0.93, reflecting an intraday gain of 7.19% or $0.06. The 52-week high for the NOTE share is $2.27, that puts it down -144.09 from that peak though still a striking 19.35% gain since the share price plummeted to a 52-week low of $0.75. The company’s market capitalization is $131.32M, and the average intraday trading volume over the past 10 days was 0.63 million shares, and the average trade volume was 406.27K shares over the past three months.
FiscalNote Holdings Inc (NOTE) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. NOTE has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.04.
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FiscalNote Holdings Inc (NYSE:NOTE) trade information
FiscalNote Holdings Inc (NOTE) registered a 7.19% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 7.19% in intraday trading to $0.93, hitting a weekly high. The stock’s 5-day price performance is 16.21%, and it has moved by -15.46% in 30 days. Based on these gigs, the overall price performance for the year is -14.69%. The short interest in FiscalNote Holdings Inc (NYSE:NOTE) is 7.29 million shares and it means that shorts have 16.75 day(s) to cover.
The consensus price target of analysts on Wall Street is $7.25, which implies an increase of 87.17% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3.5 and $11 respectively. As a result, NOTE is trading at a discount of -1082.8% off the target high and -276.34% off the low.
FiscalNote Holdings Inc (NOTE) estimates and forecasts
Statistics show that FiscalNote Holdings Inc has outperformed its competitors in share price, compared to the industry in which it operates. FiscalNote Holdings Inc (NOTE) shares have gone down -34.51% during the last six months, with a year-to-date growth rate more than the industry average at 110.14% against 18.60. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 62.38% this quarter and then jump 48.05% in the quarter after that. In the rating firms’ projections, revenue will decrease -9.69% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 29.01M as predicted by 4 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to 29.76M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 34.27M and 32.11M respectively. In this case, analysts expect current quarter sales to shrink by -15.34% and then drop by -7.33% in the coming quarter.
While earnings are projected to return 107.95% in 2024.
NOTE Dividends
FiscalNote Holdings Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
FiscalNote Holdings Inc (NYSE:NOTE)’s Major holders
FiscalNote Holdings Inc insiders own 13.37% of total outstanding shares while institutional holders control 43.27%, with the float percentage being 49.95%.
Also, the Mutual Funds coming in first place with the largest holdings of FiscalNote Holdings Inc (NOTE) shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . Data provided on Jun 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 2.64 shares. This amounts to just over 1.99 percent of the company’s overall shares, with a $2.46 million market value. The same data shows that the other fund manager holds slightly less at 1.46, or about 1.10% of the stock, which is worth about $1.36 million.
