FiscalNote (NYSE:NOTE) Stock Passes Below 50-Day Moving Average – Here’s What Happened

FiscalNote Holdings, Inc. (NYSE:NOTE)’s share price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $0.20 and traded as low as $0.11. FiscalNote shares last traded at $0.1417, with a volume of 848,028 shares traded.

Wall Street Analysts Forecast Growth

Separately, LADENBURG THALM/SH SH lowered their price objective on shares of FiscalNote from $11.00 to $9.75 and set a “buy” rating for the company in a research note on Thursday, March 26th. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, FiscalNote has an average rating of “Hold” and an average price target of $27.38.

FiscalNote Trading Up 1.9%

The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.01 and a current ratio of 1.03. The stock has a market capitalization of $3.78 million, a P/E ratio of -0.03 and a beta of 0.77. The stock has a 50-day moving average price of $0.20 and a two-hundred day moving average price of $0.85.

Institutional Trading of FiscalNote

Large investors have recently added to or reduced their stakes in the stock. Corecam AG bought a new position in FiscalNote in the 4th quarter worth $73,000. NewEdge Advisors LLC boosted its stake in shares of FiscalNote by 95.2% during the 4th quarter. NewEdge Advisors LLC now owns 84,261 shares of the company’s stock valued at $124,000 after purchasing an additional 41,090 shares in the last quarter. Stonehill Capital Management LLC boosted its stake in shares of FiscalNote by 55.9% during the 4th quarter. Stonehill Capital Management LLC now owns 221,050 shares of the company’s stock valued at $325,000 after purchasing an additional 79,299 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of FiscalNote during the second quarter valued at about $232,000. Finally, Focus Partners Wealth increased its position in shares of FiscalNote by 830.9% during the first quarter. Focus Partners Wealth now owns 800,033 shares of the company’s stock valued at $647,000 after buying an additional 714,091 shares during the period. Institutional investors own 54.31% of the company’s stock.

FiscalNote Company Profile

FiscalNote is a technology and data services company specializing in government and regulatory intelligence. Founded in 2013 by Timothy Hwang, Gerald Yao and Jonathan Chen, the company is headquartered in Washington, DC, with additional offices in New York, Brussels, London, Singapore and Hong Kong. FiscalNote went public in March 2021 through a special-purpose acquisition company (SPAC) merger and is listed on the New York Stock Exchange under the ticker NOTE.

The company’s flagship software-as-a-service platform aggregates legislative and regulatory data from jurisdictions around the world, combining that information with AI-driven analytics and expert commentary.