FiscalNote Holdings Inc (NYSE:NOTE) shares, rose in value, with the stock price up by 3.13% to the previous day’s close as strong demand from buyers drove the stock to $1.32.
Actively observing the price movement in the last trading, the stock closed the session at $1.28. The value of beta (5-year monthly) was 0.50. Referring to stock’s 52-week performance, its high was $4.51, and the low was $0.65. On the whole, NOTE has fluctuated by -33.67% over the past month.
As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.17, which is expected to increase to -$0.11 for fiscal year -$0.59 and then to about -$0.5 by fiscal year 2025. Data indicates that the EPS growth is expected to be 33.00% in 2025, while the next year’s EPS growth is forecast to be 15.30%.
Analysts have estimated the company’s revenue for the quarter at $31.11 million, with a low estimate of $30.85 million and a high estimate of $32 million. According to the average forecast, sales growth in current quarter could jump down -1.30%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $124.97 million, representing a decrease of -5.80% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that NOTE’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of Hold while long term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of NOTE currently trading nearly -14.70% and -13.25% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 42.29, while the 7-day volatility ratio is showing 12.09% which for the 30-day chart, stands at 10.47%. Furthermore, FiscalNote Holdings Inc (NOTE)’s beta value is 0.46, and its average true range (ATR) is 0.16.
A comparison of FiscalNote Holdings Inc (NOTE) with its peers suggests the former has fared considerably weaker in the market. NOTE showed an intraday change of 3.13% in last session, and over the past year, it shrunk by -34.98%%.
Data on historical trading for FiscalNote Holdings Inc (NYSE:NOTE) indicates that the trading volumes over the past 10 days have averaged 0.76 million and over the past 3 months, they’ve averaged 968.98K. According to company’s latest data on outstanding shares, there are 121.68 million shares outstanding.
Nearly 20.60% of FiscalNote Holdings Inc’s shares belong to company insiders and institutional investors own 37.04% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 7.1 million shares as on Mar 15, 2024, resulting in a short ratio of 5.51. According to the data, the short interest in FiscalNote Holdings Inc (NOTE) stood at 5.42% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 6.11 million. The stock has risen by 15.79% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NOTE stock heading into the next quarter.
