The closing price of FiscalNote Holdings Inc (NYSE: NOTE) was $1.61 for the day, down -20.69% from the previous closing price of $2.03. In other words, the price has decreased by -$0.4200 from its previous closing price. On the day, 3223168 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 0.69 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 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 209.25M and an Enterprise Value of 428.94M. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.58 while its Price-to-Book (P/B) ratio in mrq is 4.81. Its current Enterprise Value per Revenue stands at 3.30 whereas that against EBITDA is -7.93.
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 1.3784, while the 200-Day Moving Average is calculated to be 2.0235.
Shares Statistics:
NOTE traded an average of 925.45K shares per day over the past three months and 1.53M shares per day over the past ten days. 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 6.63, 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
The firm’s stock currently is rated by 5 analysts. 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
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 $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.
