Why To Invest In FiscalNote Holdings Inc (NYSE: NOTE) Stock?

In the last trading session, 1.29 million FiscalNote Holdings Inc (NYSE:NOTE) shares changed hands as the company’s beta touched 0.70. With the company’s per share price at $0.69 changed hands at -$0.01 or -1.56% during last session, the market valuation stood at $109.14M. NOTE’s last price was a discount, traded about -200.0% off its 52-week high of $2.07. The share price had its 52-week low at $0.56, which suggests the last value was 18.84% 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 6.12%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -35.53%, with the 5-day performance at 6.12% in the green. However, in the 30-day time frame, FiscalNote Holdings Inc (NYSE:NOTE) is 11.26% up.

The consensus price target for the stock as assigned by Wall Street analysts is 7.25, meaning bulls need an upside of 90.48% 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 -1494.2% plunge from its current level, while the stock would need to soar -407.25% for it to hit the projected low.

FiscalNote Holdings Inc (NOTE) estimates and forecasts

Year-over-year growth is forecast to reach -19.16% down from the last financial year.

Consensus estimates given by 5 financial analysts project the company’s revenue in the current quarter to hit an average of 22.83M. 5 analysts are of the opinion that FiscalNote Holdings Inc’s revenue for the current quarter will be 23.1M. The company’s revenue for the corresponding quarters a year ago was 29.25M and 29.44M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -21.94%. The estimates for the next quarter sales put growth at -21.54%.

The 2025 estimates are for FiscalNote Holdings Inc earnings to decrease by -400.00%.

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

VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 3.1484% or 4.23 million shares worth $6.18 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 $1.8 million under it, the former controlled 1.78% of total outstanding shares. On the other hand, iShares Trust-iShares Russell 2000 ETF held about 1.33% of the shares, roughly 1.95 shares worth around $1.34 million.

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