FiscalNote Holdings Inc (NYSE: NOTE)’s Potential for Significant Price Increase in the Near Future

In the last trading session, 3.16 million FiscalNote Holdings Inc (NYSE:NOTE) shares changed hands as the company’s beta touched 0.41. With the company’s per share price at $1.40 changed hands at -$0.1 or -6.67% during last session, the market valuation stood at $202.57M. NOTE’s last price was a discount, traded about -62.14% off its 52-week high of $2.27. The share price had its 52-week low at $0.75, which suggests the last value was 46.43% up since then.

Analysts gave the FiscalNote Holdings Inc (NOTE) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended NOTE as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. FiscalNote Holdings Inc’s EPS for the current quarter is expected to be -0.04.

FiscalNote Holdings Inc (NYSE:NOTE) trade information

Instantly NOTE was in red as seen at the end of in last trading. With action -27.46%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 30.84%, with the 5-day performance at -27.46% in the red. However, in the 30-day time frame, FiscalNote Holdings Inc (NYSE:NOTE) is -11.39% down.

The consensus price target for the stock as assigned by Wall Street analysts is 7.25, meaning bulls need an upside of 80.69% from its current market value. According to analyst projections, NOTE’s forecast low is 3.5 with 11 as the target high. To hit the forecast high, the stock’s price needs a -685.71% plunge from its current level, while the stock would need to soar -150.0% for it to hit the projected low.

FiscalNote Holdings Inc (NOTE) estimates and forecasts

Year-over-year growth is forecast to reach -9.68% down from the last financial year.

Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of 29.02M. 4 analysts are of the opinion that FiscalNote Holdings Inc’s revenue for the current quarter will be 29.76M. The company’s revenue for the corresponding quarters a year ago was 34.27M and 32.11M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -15.31%. The estimates for the next quarter sales put growth at -7.31%.

The 2025 estimates are for FiscalNote Holdings Inc earnings to increase by 107.95%, but the outlook for the next 5-year period is at 30.93% per year.

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

Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. With 2.64 shares estimated at $3.7 million under it, the former controlled 1.94% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 1.15% of the shares, roughly 1.57 shares worth around $2.19 million.