After finishing at $1.70 in the prior trading day, FiscalNote Holdings Inc (NYSE: NOTE) closed at $1.75, up 2.94%. In other words, the price has increased by $+0.0500 from its previous closing price. On the day, 1245062 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 Mar 07 ’24 when Resnik Josh sold 875 shares for $2.19 per share. The transaction valued at 1,916 led to the insider holds 464,323 shares of the business.
Slabaugh Jon sold 866 shares of NOTE for $1,897 on Mar 07 ’24. The CFO and SVP, Corp. Dev. now owns 141,305 shares after completing the transaction at $2.19 per share. On Mar 01 ’24, another insider, Hwang Tim, who serves as the Chairman, CEO and Director of the company, sold 29,284 shares for $1.82 each. As a result, the insider received 53,250 and left with 2,808,999 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 227.45M and an Enterprise Value of 455.51M. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.71 while its Price-to-Book (P/B) ratio in mrq is 5.23. Its current Enterprise Value per Revenue stands at 3.51 whereas that against EBITDA is -8.42.
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 1.4164, while the 200-Day Moving Average is calculated to be 2.0149.
Shares Statistics:
The stock has traded on average 982.89K shares per day over the past 3-months and 1.65M 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 103.10M. Insiders hold about 20.68% of the company’s shares, while institutions hold 37.33% stake in the company. Shares short for NOTE as of Feb 29, 2024 were 6.14M with a Short Ratio of 6.24, compared to 6.21M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.72% and a Short% of Float of 33.94%.
Earnings Estimates
Its stock is currently analyzed by 5 different market analysts. On average, analysts expect EPS of -$0.16 for the current quarter, with a high estimate of -$0.14 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 -$0.62 for the fiscal current year, implying an average EPS of -$0.58. EPS for the following year is -$0.46, with 2 analysts recommending between -$0.42 and -$0.5.
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.
