Can FiscalNote Holdings Inc (NYSE: NOTE) Shares Make A Higher Price Run?

In the last trading session, 1.98 million shares of the FiscalNote Holdings Inc (NYSE:NOTE) were traded, and its beta was 0.47. Most recently the company’s share price was $0.83, and it changed around -$0.06 or -6.18% from the last close, which brings the market valuation of the company to $122.03M. NOTE currently trades at a discount to its 52-week high of $2.27, offering almost -173.49% off that amount. The share price’s 52-week low was $0.75, which indicates that the current value has risen by an impressive 9.64% since then. We note from FiscalNote Holdings Inc’s average daily trading volume that its 10-day average is 0.82 million shares, with the 3-month average coming to 492.47K.

FiscalNote Holdings Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 4 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended NOTE as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight.

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FiscalNote Holdings Inc (NYSE:NOTE) trade information

Instantly NOTE has showed a red trend with a performance of -6.18% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 1.0400 on recent trading dayincreased the stock’s daily price by 20.19%. The company’s shares are currently down -26.75% year-to-date, but still down -20.48% over the last five days. On the other hand, FiscalNote Holdings Inc (NYSE:NOTE) is -12.11% down in the 30-day period. We can see from the shorts that 7.57 million shares have been sold at a short interest cover period of 14.68 day(s).

The consensus price target as assigned by Wall Street analysts is $7.25, which translates to bulls needing to increase their stock price by 88.55% from its current value. Analyst projections state that NOTE is forecast to be at a low of $3.5 and a high of $11.

FiscalNote Holdings Inc (NOTE) estimates and forecasts

FiscalNote Holdings Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -25.45 percent over the past six months and at a 110.14% annual growth rate that is well above the industry average of 16.50%.

NOTE Dividends

FiscalNote Holdings Inc’s next quarterly earnings report is expected to be released in January.

FiscalNote Holdings Inc (NYSE:NOTE)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 13.37% of FiscalNote Holdings Inc shares, and 43.26% of them are in the hands of institutional investors. The stock currently has a share float of 49.94%.