The closing price of FiscalNote Holdings Inc (NYSE: NOTE) was $1.33 for the day, up 0.76% from the previous closing price of $1.32. In other words, the price has increased by $+0.0100 from its previous closing price. On the day, 751154 shares were traded.
Ratios:
Our analysis of NOTE’s different ratios will help us gain a deeper understanding of the company. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 18 ’24 when Yao Gerald sold 4,000 shares for $1.80 per share. The transaction valued at 7,200 led to the insider holds 82,283 shares of the business.
Resnik Josh sold 875 shares of NOTE for $1,916 on Mar 07 ’24. The President and COO now owns 464,323 shares after completing the transaction at $2.19 per share. On Mar 07 ’24, another insider, Slabaugh Jon, who serves as the CFO and SVP, Corp. Dev. of the company, sold 866 shares for $2.19 each. As a result, the insider received 1,897 and left with 141,305 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 174.24M and an Enterprise Value of 402.30M. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.31 while its Price-to-Book (P/B) ratio in mrq is 3.98. Its current Enterprise Value per Revenue stands at 3.03 whereas that against EBITDA is -7.11.
Stock Price History:
The Beta on a monthly basis for NOTE is 0.46, which has changed by -39.82% over the last 52 weeks, in comparison to a change of 27.39% 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 1.5242, while the 200-Day Moving Average is calculated to be 1.9129.
Shares Statistics:
NOTE traded an average of 968.84K shares per day over the past three months and 838.19k shares per day over the past ten days. A total of 121.68M shares are outstanding, with a floating share count of 104.02M. Insiders hold about 20.60% of the company’s shares, while institutions hold 37.03% 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
The firm’s stock currently is rated by 4 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
It is expected that $90B in revenue will be generated in the current quarter, according to 6 analysts. 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.
