FiscalNote (NYSE:NOTE) Stock Passes Below 50-Day Moving Average – Here’s What Happened

FiscalNote Holdings, Inc. (NYSE:NOTE)’s share price passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $0.20 and traded as low as $0.11. FiscalNote shares last traded at $0.1417, with a volume of 848,028 shares changing hands.

Analysts Set New Price Targets

Separately, LADENBURG THALM/SH SH decreased their target price on FiscalNote from $11.00 to $9.75 and set a “buy” rating for the company in a research report on Thursday, March 26th. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $27.38.

FiscalNote Price Performance

The company has a debt-to-equity ratio of 2.03, a current ratio of 1.03 and a quick ratio of 1.01. The firm has a market cap of $3.78 million, a PE ratio of -0.03 and a beta of 0.77. The firm has a 50-day simple moving average of $0.20 and a 200 day simple moving average of $0.85.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Corecam AG bought a new stake in FiscalNote during the fourth quarter worth about $73,000. NewEdge Advisors LLC increased its stake in shares of FiscalNote by 95.2% during the fourth quarter. NewEdge Advisors LLC now owns 84,261 shares of the company’s stock valued at $124,000 after purchasing an additional 41,090 shares in the last quarter. XTX Topco Ltd increased its stake in shares of FiscalNote by 131.4% during the fourth quarter. XTX Topco Ltd now owns 35,516 shares of the company’s stock valued at $52,000 after purchasing an additional 20,166 shares in the last quarter. Price T Rowe Associates Inc. MD purchased a new position in shares of FiscalNote during the fourth quarter valued at approximately $36,000. Finally, Stonehill Capital Management LLC lifted its holdings in shares of FiscalNote by 55.9% during the fourth quarter. Stonehill Capital Management LLC now owns 221,050 shares of the company’s stock valued at $325,000 after purchasing an additional 79,299 shares during the last quarter. 54.31% of the stock is owned by hedge funds and other institutional investors.

FiscalNote Company Profile

FiscalNote is a technology and data services company specializing in government and regulatory intelligence. Founded in 2013 by Timothy Hwang, Gerald Yao and Jonathan Chen, the company is headquartered in Washington, DC, with additional offices in New York, Brussels, London, Singapore and Hong Kong. FiscalNote went public in March 2021 through a special-purpose acquisition company (SPAC) merger and is listed on the New York Stock Exchange under the ticker NOTE.

The company’s flagship software-as-a-service platform aggregates legislative and regulatory data from jurisdictions around the world, combining that information with AI-driven analytics and expert commentary.