In the latest trading session, 0.34 million FiscalNote Holdings Inc (NYSE:NOTE) shares changed hands as the company’s beta touched 0.61. With the company’s most recent per share price at $0.70 changed hands at -$0.01 or -1.34% at last look, the market valuation stands at $112.98M. NOTE’s current price is a discount, trading about -195.71% off its 52-week high of $2.07. The share price had its 52-week low at $0.66, which suggests the last value was 5.71% up since then. When we look at FiscalNote Holdings Inc’s average trading volume, we note the 10-day average is 1.59 million shares, with the 3-month average coming to 3.59 million.
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 in intraday trades today. With action -13.39%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -34.59%, with the 5-day performance at -13.39% in the red. However, in the 30-day time frame, FiscalNote Holdings Inc (NYSE:NOTE) is -36.95% down. Looking at the short shares, we see there were 10.87 million shares sold at short interest cover period of 3.45 days.
The consensus price target for the stock as assigned by Wall Street analysts is 7.25, meaning bulls need an upside of 90.34% from its recent 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 -1471.43% plunge from its current level, while the stock would need to soar -400.0% for it to hit the projected low.
FiscalNote Holdings Inc (NOTE) estimates and forecasts
Year-over-year growth is forecast to reach -19.83% 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 26.43M. 4 analysts are of the opinion that FiscalNote Holdings Inc’s revenue for the current quarter will be 22.6M. The company’s revenue for the corresponding quarters a year ago was 32.11M and 29.25M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -17.71%. The estimates for the next quarter sales put growth at -22.71%.
The 2025 estimates are for FiscalNote Holdings Inc earnings to decrease by -471.43%.
FiscalNote Holdings Inc (NYSE:NOTE)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 12.77% of FiscalNote Holdings Inc shares while 36.83% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 42.22%. There are 36.83% institutions holding the FiscalNote Holdings Inc stock share, with MASO CAPITAL PARTNERS LTD the top institutional holder. As of 2024-06-30, the company held 21.5121% of the shares, roughly 28.91 million NOTE shares worth $42.21 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 3.0476% or 4.1 million shares worth $5.98 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF. With 2.61 shares estimated at $1.82 million under it, the former controlled 1.70% of total outstanding shares. On the other hand, iShares Trust-iShares Russell 2000 ETF held about 1.05% of the shares, roughly 1.61 shares worth around $1.12 million.
