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

FiscalNote Holdings, Inc. (NYSE:NOTE) shares crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $0.17 and traded as low as $0.0857. FiscalNote shares last traded at $0.10, with a volume of 318,102 shares.

Analyst Upgrades and Downgrades

Separately, LADENBURG THALM/SH SH reduced their target price on shares of FiscalNote from $11.00 to $9.75 and set a “buy” rating on the stock in a report on Thursday, March 26th. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $27.38.

FiscalNote Stock 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 stock has a market cap of $2.67 million, a PE ratio of -0.02 and a beta of 0.81. The business has a 50 day moving average price of $0.17 and a two-hundred day moving average price of $0.71.

Institutional Investors Weigh In On FiscalNote

A number of large investors have recently added to or reduced their stakes in NOTE. Price T Rowe Associates Inc. MD purchased a new position in shares of FiscalNote in the fourth quarter valued at about $36,000. XTX Topco Ltd increased its holdings in FiscalNote by 131.4% during 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 period. Bank of America Corp DE increased its holdings in FiscalNote by 51.5% during the 4th 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 during the period. Two Sigma Investments LP bought a new position in FiscalNote during the 3rd quarter valued at approximately $64,000. Finally, Raymond James Financial Inc. raised its position in FiscalNote by 4,900.0% during the 3rd quarter. Raymond James Financial Inc. now owns 15,000 shares of the company’s stock valued at $69,000 after purchasing an additional 14,700 shares during the last quarter. Institutional investors 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.