Market Watch: FiscalNote Holdings Inc (NOTE)’s Noteworthy Drop, Closing at 1.16

Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.

As of close of business last night, FiscalNote Holdings Inc’s stock clocked out at $1.16, down -5.69% from its previous closing price of $1.23. In other words, the price has decreased by -$5.69 from its previous closing price. On the day, 0.58 million shares were traded. NOTE stock price reached its highest trading level at $1.21 during the session, while it also had its lowest trading level at $1.16.

Ratios:

To gain a deeper understanding of NOTE’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.96 and its Current Ratio is at 0.96. In the meantime, Its Debt-to-Equity ratio is 1.63 whereas as Long-Term Debt/Eq ratio is at 1.60.

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:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Oct 07 ’24 when Resnik Josh sold 817 shares for $1.15 per share. The transaction valued at 939 led to the insider holds 741,465 shares of the business.

Donnell Paul sold 447 shares of NOTE for $514 on Oct 07 ’24. The Chief Accounting Officer now owns 107,105 shares after completing the transaction at $1.15 per share. On Oct 07 ’24, another insider, Slabaugh Jon, who serves as the CFO and SVP, Corp. Dev. of the company, sold 843 shares for $1.15 each. As a result, the insider received 969 and left with 563,416 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 171554720 and an Enterprise Value of 298341312. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.25 while its Price-to-Book (P/B) ratio in mrq is 1.51. Its current Enterprise Value per Revenue stands at 2.301 whereas that against EBITDA is -8.175.

Stock Price History:

Over the past 52 weeks, NOTE has reached a high of $2.27, while it has fallen to a 52-week low of $0.65. The 50-Day Moving Average of the stock is -7.32%, while the 200-Day Moving Average is calculated to be -16.03%.

Shares Statistics:

It appears that NOTE traded 350.50K shares on average per day over the past three months and 348580 shares per day over the past ten days. A total of 121.68M shares are outstanding, with a floating share count of 110.75M. Insiders hold about 20.59% of the company’s shares, while institutions hold 37.91% stake in the company. Shares short for NOTE as of 1727654400 were 7965322 with a Short Ratio of 22.73, compared to 1724976000 on 7285040. Therefore, it implies a Short% of Shares Outstanding of 7965322 and a Short% of Float of 30.54.

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