After finishing at $1.28 in the prior trading day, FiscalNote Holdings Inc (NYSE: NOTE) closed at $1.32, up 3.13%. In other words, the price has increased by $+0.0400 from its previous closing price. On the day, 1056347 shares were traded.
Ratios:
Our goal is to gain a better understanding of NOTE by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.71 and its Current Ratio is at 0.71. In the meantime, Its Debt-to-Equity ratio is 5.79 whereas as Long-Term Debt/Eq ratio is at 5.72.
On July 26, 2023, B. Riley Securities started tracking the stock assigning a Buy rating and target price of $5.
On June 21, 2023, ROTH MKM started tracking the stock assigning a Buy rating and target price of $4.75.ROTH MKM initiated its Buy rating on June 21, 2023, with a $4.75 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Apr 03 ’24 when Henderson Richard sold 3,349 shares for $1.22 per share. The transaction valued at 4,083 led to the insider holds 90,819 shares of the business.
Hwang Tim sold 31,431 shares of NOTE for $37,393 on Apr 01 ’24. The Chairman, CEO and Director now owns 2,777,568 shares after completing the transaction at $1.19 per share. On Apr 01 ’24, another insider, Resnik Josh, who serves as the President and COO of the company, sold 3,943 shares for $1.19 each. As a result, the insider received 4,691 and left with 460,380 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NOTE now has a Market Capitalization of 172.93M and an Enterprise Value of 400.99M. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.30 while its Price-to-Book (P/B) ratio in mrq is 3.95. Its current Enterprise Value per Revenue stands at 3.02 whereas that against EBITDA is -7.09.
Stock Price History:
Over the past 52 weeks, NOTE has reached a high of $4.51, while it has fallen to a 52-week low of $0.65. The 50-Day Moving Average of the stock is 1.5270, while the 200-Day Moving Average is calculated to be 1.9255.
Shares Statistics:
The stock has traded on average 968.98K shares per day over the past 3-months and 776.42k shares per day over the last 10 days, according to various share statistics. A total of 121.68M shares are outstanding, with a floating share count of 104.05M. Insiders hold about 20.60% of the company’s shares, while institutions hold 37.04% stake in the company. Shares short for NOTE as of Mar 15, 2024 were 7.1M with a Short Ratio of 7.32, compared to 6.11M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 5.42% and a Short% of Float of 37.11%.
Earnings Estimates
Its stock is currently analyzed by 4 different market analysts. On average, analysts expect EPS of -$0.17 for the current quarter, with a high estimate of -$0.16 and a low estimate of -$0.17, while EPS last year was -$0.14. The consensus estimate for the next quarter is -$0.14, with high estimates of -$0.11 and low estimates of -$0.16.
Analysts are recommending an EPS of between -$0.5 and -$0.64 for the fiscal current year, implying an average EPS of -$0.59. EPS for the following year is -$0.5, with 3 analysts recommending between -$0.42 and -$0.59.
Revenue Estimates
6 analysts predict $31.11M in revenue for the current quarter. It ranges from a high estimate of $32M to a low estimate of $30.85M. As of the current estimate, FiscalNote Holdings Inc’s year-ago sales were $31.53M, an estimated decrease of -1.30% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $29.55M, a decrease of -10.00% less than the figure of -$1.30% in the same quarter last year. There is a high estimate of $31M for the next quarter, whereas the lowest estimate is $28.71M.
A total of 6 analysts have provided revenue estimates for NOTE’s current fiscal year. The highest revenue estimate was $126M, while the lowest revenue estimate was $123.95M, resulting in an average revenue estimate of $124.97M. In the same quarter a year ago, actual revenue was $132.65M, down -5.80% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $135.3M in the next fiscal year. The high estimate is $138.14M and the low estimate is $133M. The average revenue growth estimate for next year is up 8.30% from the average revenue estimate for this year.
