FiscalNote (NYSE:NOTE) Stock Price Passes Below 200 Day Moving Average – What’s Next?

FiscalNote Holdings, Inc. (NYSE:NOTE) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.73 and traded as low as $0.9751. FiscalNote shares last traded at $0.9840, with a volume of 166,376 shares.

Wall Street Analyst Weigh In

NOTE has been the subject of a number of research analyst reports. LADENBURG THALM/SH SH raised shares of FiscalNote to a “strong-buy” rating in a report on Thursday, December 18th. Weiss Ratings reissued a “sell (e+)” rating on shares of FiscalNote in a report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.25.

FiscalNote Trading Down 3.5%

The company has a 50-day moving average of $1.28 and a 200 day moving average of $2.73. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market cap of $15.46 million, a PE ratio of -0.23 and a beta of 0.62.

Hedge Funds Weigh In On FiscalNote

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