FiscalNote Holdings Inc [NYSE: NOTE] gained 29.69% or 0.38 points to close at $1.66 with a heavy trading volume of 10169970 shares.
The daily chart for NOTE points out that the company has recorded 21.17% gains over the past six months.
If we look at the average trading volume of 2.70M shares, NOTE reached to a volume of 10169970 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $3.31 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 1.00. 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 0.17, with the Price to Sales ratio for NOTE stock in the period of the last 12 months amounting to 1.92. The Price to Book ratio for the last quarter was 2.37, with the Price to Cash per share for the same quarter was set at 0.23.
Trading performance analysis for NOTE stock
FiscalNote Holdings Inc [NOTE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 40.68. With this latest performance, NOTE shares gained by 41.88% in over the last four-week period, additionally plugging by 21.17% over the last 6 months – not to mention a rise of 16.08% 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 65.07, with the RSI for the last a single of trading hit 69.98, and the three-weeks RSI is set at 62.34 for FiscalNote Holdings Inc [NOTE]. The present Moving Average for the last 50 days of trading for this stock 1.1704, while it was recorded at 1.3800 for the last single week of trading, and 1.2714 for the last 200 days.
FiscalNote Holdings Inc [NOTE]: A deeper dive into fundamental analysis
FiscalNote Holdings Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.77 and a Current Ratio set at 0.77.
FiscalNote Holdings Inc [NOTE]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NOTE. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for FiscalNote Holdings Inc go to 30.93%.
An analysis of Institutional ownership at FiscalNote Holdings Inc [NOTE]
There are presently around $42.27%, or 48.30%% of NOTE stock, in the hands of institutional investors.
