FiscalNote Holdings Inc [NYSE: NOTE] jumped around 0.16 points on Wednesday, while shares priced at $1.63 at the close of the session, up 10.88%.
Compared to the average trading volume of 715.69K shares, NOTE reached a trading volume of 1975449 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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What do top market gurus say about FiscalNote Holdings Inc [NOTE]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NOTE shares is $3.22 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NOTE stock is a recommendation set at 1.67. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
BTIG Research have made an estimate for FiscalNote Holdings Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on November 15, 2023. While these analysts kept the previous recommendation, B. Riley Securities raised their target price to Buy. The new note on the price target was released on July 26, 2023, representing the official price target for FiscalNote Holdings Inc stock. Previously, the target price had yet another raise to $4.75, while ROTH MKM analysts kept a Buy rating on NOTE stock.
The Average True Range (ATR) for FiscalNote Holdings Inc is set at 0.12, with the Price to Sales ratio for NOTE stock in the period of the last 12 months amounting to 1.64. The Price to Book ratio for the last quarter was 2.01, with the Price to Cash per share for the same quarter was set at 0.33.
How has NOTE stock performed recently?
FiscalNote Holdings Inc [NOTE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.67. With this latest performance, NOTE shares gained by 32.52% in over the last four-week period, additionally plugging by 55.24% over the last 6 months – not to mention a drop of -54.97% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NOTE stock in for the last two-week period is set at 67.00, with the RSI for the last a single of trading hit 74.18, and the three-weeks RSI is set at 64.07 for FiscalNote Holdings Inc [NOTE]. The present Moving Average for the last 50 days of trading for this stock 1.3590, while it was recorded at 1.4900 for the last single week of trading, and 1.4058 for the last 200 days.
FiscalNote Holdings Inc [NOTE]: Deeper insight into the fundamentals
FiscalNote Holdings Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.04 and a Current Ratio set at 1.04.
Insider trade positions for FiscalNote Holdings Inc [NOTE]
The top three institutional holders of NOTE stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in NOTE stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in NOTE stock with ownership which is approximately 5.1238%.
