FiscalNote Holdings Inc (NYSE:NOTE) Shares Are Up 28.57% From The Lows, But Can They Stay Up?

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In last trading session, FiscalNote Holdings Inc (NYSE:NOTE) saw 4.42 million shares changing hands with its beta currently measuring 0.32. Company’s recent per share price level of $1.05 trading at -$0.14 or -11.76% at ring of the bell on the day assigns it a market valuation of $151.92M. That closing price of NOTE’s stock is at a discount of -116.19% from its 52-week high price of $2.27 and is indicating a premium of 28.57% from its 52-week low price of $0.75. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.33 million shares which gives us an average trading volume of 798.94K if we extend that period to 3-months.

For FiscalNote Holdings Inc (NOTE), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.04 in the current quarter.

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FiscalNote Holdings Inc (NYSE:NOTE) trade information

Upright in the red during last session for losing -11.76%, in the last five days NOTE remained trading in the green while hitting it’s week-highest on Wednesday, 12/18/24 when the stock touched $1.05 price level, adding 31.82% to its value on the day. FiscalNote Holdings Inc’s shares saw a change of -7.89% in year-to-date performance and have moved 16.61% in past 5-day. FiscalNote Holdings Inc (NYSE:NOTE) showed a performance of 34.63% in past 30-days. Number of shares sold short was 7.56 million shares which calculate 13.3 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 7.25 to the stock, which implies a rise of 85.52% to its current value. Analysts have been projecting 3.5 as a low price target for the stock while placing it at a high target of 11. It follows that stock’s current price would drop -233.33% in reaching the projected high whereas dropping to the targeted low would mean a loss of -233.33% for stock’s current value.

FiscalNote Holdings Inc (NOTE) estimates and forecasts

Statistics highlight that FiscalNote Holdings Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -25.00% of value to its shares in past 6 months, showing an annual growth rate of 110.14% while that of industry is 17.40. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -9.69% from the last financial year’s standing.

4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 29.01M for the same. And 4 analysts are in estimates of company making revenue of 29.76M in the next quarter. Company posted 34.27M and 32.11M of sales in current and next quarters respectively a year earlier.

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

Insiders are in possession of 12.50% of company’s total shares while institution are holding 42.14 percent of that, with stock having share float percentage of 48.16%. Investors also watch the number of corporate investors in a company very closely, which is 42.14% institutions for FiscalNote Holdings Inc that are currently holding shares of the company.