FiscalNote (NYSE:NOTE) Stock Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

FiscalNote Holdings, Inc. (NYSE:NOTE)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.37 and traded as low as $0.0560. FiscalNote shares last traded at $0.0580, with a volume of 361,127 shares traded.

FiscalNote Stock Performance

The company has a market capitalization of $1.83 million, a P/E ratio of -0.01 and a beta of 0.78. The company’s 50 day moving average is $0.10 and its 200-day moving average is $0.36. The company has a current ratio of 1.03, a quick ratio of 1.01 and a debt-to-equity ratio of 2.03.

FiscalNote (NYSE:NOTE) last posted its quarterly earnings data on Monday, August 10th. The company reported ($1.06) EPS for the quarter, missing the consensus estimate of ($0.44) by ($0.62). FiscalNote had a negative return on equity of 80.70% and a negative net margin of 68.39%.The business had revenue of $19.58 million for the quarter, compared to the consensus estimate of $19.87 million. Equities analysts anticipate that FiscalNote Holdings, Inc. will post -0.43 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Two Sigma Investments LP purchased a new stake in FiscalNote in the third quarter worth approximately $64,000. Raymond James Financial Inc. grew its position in FiscalNote by 4,900.0% during the third quarter. Raymond James Financial Inc. now owns 15,000 shares of the company’s stock valued at $69,000 after buying an additional 14,700 shares during the period. Bank of America Corp DE lifted its position in FiscalNote by 51.5% during the fourth quarter. Bank of America Corp DE now owns 49,042 shares of the company’s stock valued at $52,000 after purchasing an additional 16,675 shares in the last quarter. XTX Topco Ltd grew its holdings in 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 during the period. Finally, Price T Rowe Associates Inc. MD purchased a new stake in FiscalNote in the fourth quarter worth about $36,000. Hedge funds and other institutional investors own 54.31% of the company’s stock.

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.