FiscalNote (NYSE:NOTE) Share Price Crosses Below 200-Day Moving Average – Should You Sell?

FiscalNote Holdings, Inc. (NYSE:NOTE) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.49 and traded as low as $0.1085. FiscalNote shares last traded at $0.1085, with a volume of 471,037 shares trading hands.

FiscalNote Trading Up 2.2%

The company has a market cap of $2.89 million, a price-to-earnings ratio of -0.02 and a beta of 0.78. The firm has a 50 day moving average price of $0.13 and a two-hundred day moving average price of $0.49. The company has a quick ratio of 1.01, a current ratio of 1.03 and a debt-to-equity ratio of 2.03.

Institutional Trading of FiscalNote

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD bought a new position in FiscalNote during the 4th quarter worth approximately $36,000. XTX Topco Ltd boosted its stake in shares of FiscalNote by 131.4% in the 4th 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 last quarter. Bank of America Corp DE increased its position in shares of FiscalNote by 51.5% during the fourth quarter. Bank of America Corp DE now owns 49,042 shares of the company’s stock worth $52,000 after buying an additional 16,675 shares during the period. Two Sigma Investments LP acquired a new stake in shares of FiscalNote during the third quarter worth $64,000. Finally, Raymond James Financial Inc. raised its stake in FiscalNote by 4,900.0% during the third quarter. Raymond James Financial Inc. now owns 15,000 shares of the company’s stock worth $69,000 after buying an additional 14,700 shares during the last quarter. Institutional investors and hedge funds own 54.31% of the company’s stock.

About FiscalNote

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.