FiscalNote (NYSE:NOTE) Stock Price Crosses Below 200 Day Moving Average – Here’s What Happened

Shares of FiscalNote Holdings, Inc. (NYSE:NOTE) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.77 and traded as low as $0.11. FiscalNote shares last traded at $0.1190, with a volume of 65,811 shares trading hands.

Analyst Upgrades and Downgrades

Separately, LADENBURG THALM/SH SH dropped their target price on FiscalNote from $11.00 to $9.75 and set a “buy” rating on the stock in a report on Thursday, March 26th. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $27.38.

FiscalNote Stock Performance

The company has a market capitalization of $3.17 million, a PE ratio of -0.03 and a beta of 0.77. The company has a current ratio of 1.03, a quick ratio of 1.01 and a debt-to-equity ratio of 2.03. The business’s fifty day moving average is $0.18 and its two-hundred day moving average is $0.77.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of NOTE. Two Sigma Investments LP bought a new stake in shares of FiscalNote during the 3rd quarter valued at $64,000. Raymond James Financial Inc. boosted its holdings in FiscalNote by 4,900.0% in the 3rd quarter. Raymond James Financial Inc. now owns 15,000 shares of the company’s stock worth $69,000 after buying an additional 14,700 shares during the period. Bank of America Corp DE increased its stake in FiscalNote by 51.5% in the 4th quarter. Bank of America Corp DE now owns 49,042 shares of the company’s stock worth $52,000 after buying an additional 16,675 shares in the last quarter. XTX Topco Ltd increased its stake in FiscalNote by 131.4% in the 4th quarter. XTX Topco Ltd now owns 35,516 shares of the company’s stock worth $52,000 after buying an additional 20,166 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD bought a new stake in FiscalNote during the fourth quarter valued at about $36,000. 54.31% of the stock is owned by institutional investors.

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.