FiscalNote Holdings Inc (NYSE: NOTE) closed the day trading at $1.99 up 10.56% from the previous closing price of $1.80. In other words, the price has increased by $+0.1900 from its previous closing price. On the day, 1966038 shares were traded.
Ratios:
For a better understanding of NOTE, let’s look at its different ratios. 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:
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 01 when Hwang Tim sold 29,284 shares for $1.82 per share. The transaction valued at 53,250 led to the insider holds 2,808,999 shares of the business.
Resnik Josh sold 3,810 shares of NOTE for $6,194 on Feb 29. The President and COO now owns 465,198 shares after completing the transaction at $1.63 per share. On Feb 15, another insider, Aman Todd, who serves as the SVP, General Counsel & Sec. of the company, sold 517 shares for $1.51 each. As a result, the insider received 783 and left with 43,676 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 258.64M and an Enterprise Value of 478.33M. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.99 while its Price-to-Book (P/B) ratio in mrq is 3.07. Its current Enterprise Value per Revenue stands at 3.68 whereas that against EBITDA is -8.84.
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 1.2872, while the 200-Day Moving Average is calculated to be 2.0321.
Shares Statistics:
Over the past 3-months, NOTE traded about 891.44K shares per day on average, while over the past 10 days, NOTE traded about 997.76k shares per day. A total of 123.13M shares are outstanding, with a floating share count of 102.83M. Insiders hold about 20.89% of the company’s shares, while institutions hold 37.33% stake in the company. Shares short for NOTE as of Feb 15, 2024 were 6.11M with a Short Ratio of 6.86, 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
Current recommendations for the stock of the company come from 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
6 analysts predict $34.53M in revenue for the current quarter. 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.
