The price of FiscalNote Holdings Inc (NYSE: NOTE) closed at $1.57 in the last session, down -8.72% from day before closing price of $1.72. In other words, the price has decreased by -$0.1500 from its previous closing price. On the day, 992245 shares were traded.
Ratios:
We take a closer look at NOTE’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.69 and its Current Ratio is at 0.69. In the meantime, Its Debt-to-Equity ratio is 2.91 whereas as Long-Term Debt/Eq ratio is at 2.87.
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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Feb 15 when Aman Todd sold 517 shares for $1.51 per share. The transaction valued at 783 led to the insider holds 43,676 shares of the business.
Aman Todd sold 3,052 shares of NOTE for $4,553 on Feb 07. The SVP, General Counsel & Sec. now owns 44,193 shares after completing the transaction at $1.49 per share. On Feb 07, another insider, Donnell Paul, who serves as the Chief Accounting Officer of the company, sold 1,994 shares for $1.49 each. As a result, the insider received 2,975 and left with 26,866 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 204.05M and an Enterprise Value of 423.74M. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.57 while its Price-to-Book (P/B) ratio in mrq is 2.42. Its current Enterprise Value per Revenue stands at 3.26 whereas that against EBITDA is -7.83.
Stock Price History:
The Beta on a monthly basis for NOTE is 0.51, which has changed by -13.57% over the last 52 weeks, in comparison to a change of 27.55% over the same period for the S&P500. 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 1.2368, while the 200-Day Moving Average is calculated to be 2.0365.
Shares Statistics:
According to the various share statistics, NOTE traded on average about 876.95K shares per day over the past 3-months and 828.98k shares per day over the past 10 days. A total of 123.13M shares are outstanding, with a floating share count of 102.76M. Insiders hold about 20.94% of the company’s shares, while institutions hold 37.44% stake in the company. Shares short for NOTE as of Feb 15, 2024 were 6.11M with a Short Ratio of 6.97, compared to 6.59M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.70% and a Short% of Float of 33.79%.
Earnings Estimates
The company has 5 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.15 for the current quarter, with a high estimate of -$0.13 and a low estimate of -$0.17, while EPS last year was -$0.32. The consensus estimate for the next quarter is -$0.16, with high estimates of -$0.14 and low estimates of -$0.18.
Analysts are recommending an EPS of between -$0.62 and -$0.66 for the fiscal current year, implying an average EPS of -$0.64. EPS for the following year is -$0.57, with 5 analysts recommending between -$0.43 and -$0.67.
Revenue Estimates
According to 6 analysts, the current quarter’s revenue is expected to be $34.53M. It ranges from a high estimate of $34.76M to a low estimate of $34.4M. As of the current estimate, FiscalNote Holdings Inc’s year-ago sales were $31.45M, an estimated increase of 9.80% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $34.43M, an increase of 9.20% less than the figure of $9.80% in the same quarter last year. There is a high estimate of $35M for the next quarter, whereas the lowest estimate is $33.81M.
A total of 6 analysts have provided revenue estimates for NOTE’s current fiscal year. The highest revenue estimate was $133.19M, while the lowest revenue estimate was $132.78M, resulting in an average revenue estimate of $132.92M. In the same quarter a year ago, actual revenue was $113.77M, up 16.80% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $145.51M in the next fiscal year. The high estimate is $147.26M and the low estimate is $143.01M. The average revenue growth estimate for next year is up 9.50% from the average revenue estimate for this year.
