BTIG Research has recently reduced FiscalNote Holdings Inc (NOTE) stock to Neutral rating, as announced on November 15, 2023, according to Finviz. Earlier, on July 26, 2023, B. Riley Securities had initiated the stock to Buy, setting a price target of $5. ROTH MKM also initiated Buy rating with a price target of $4.75. Additionally, DA Davidson reduced Neutral rating on November 14, 2022. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
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FiscalNote Holdings Inc (NOTE) Stock Trading Recap
On Thursday, FiscalNote Holdings Inc (NOTE) stock saw a decline, ending the day at $1.1 which represents a decrease of $-0.04 or -3.51% from the prior close of $1.14. The stock opened at $1.13 and touched a low of $0.89 during the day, reaching a high of $1.15. The volume of shares traded was 1.36 million exceeding the average volume of 0.33 million.
NOTE Stock Performance and Moving Averages
In recent trading, FiscalNote Holdings Inc (NOTE) stock price has shown some volatility, fluctuating -5.17% over the last five trades and -12.70% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -13.39%, and it has plunged by -39.56% in the previous three months. Currently, NOTE is trading at -6.94%, -10.25%, and -20.57% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, NOTE, a Technology sector stock, is trading -51.54% below its 52-week high but remains 69.23% above its 52-week low. The Average True Range (ATR) (14 days) of 0.08 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
FiscalNote Holdings Inc’s Profitability and Valuation Ratios
FiscalNote Holdings Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of -37.46% and a profit margin of -21.12%, with a gross margin of -13.39%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, FiscalNote Holdings Inc’s market capitalization stands at $153.42 million. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. Additionally, the Price-to-Sales Ratio is 1.18, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 1.43, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 20.59% of FiscalNote Holdings Inc (NOTE)’s shares, while financial institutions hold 37.91%.
Notable insider trades include Nilsson Keith, Director at FiscalNote Holdings Inc (NOTE), who sold 6345702 shares on Dec 15 ’23, at $0.57 each, totaling $3.62 million.
