FiscalNote (NYSE:NOTE) Shares Pass Below Two Hundred Day Moving Average – Time to Sell?

FiscalNote Holdings, Inc. (NYSE:NOTE) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.33 and traded as low as $0.0615. FiscalNote shares last traded at $0.0725, with a volume of 1,472,078 shares changing hands.

FiscalNote Trading Down 31.0%

The stock has a market capitalization of $1.52 million, a P/E ratio of -0.01 and a beta of 0.78. The company has a current ratio of 1.03, a quick ratio of 1.01 and a debt-to-equity ratio of 2.03. The business has a 50-day moving average price of $0.10 and a two-hundred day moving average price of $0.32.

FiscalNote (NYSE:NOTE) last issued its quarterly earnings results on Monday, August 10th. The company reported ($1.06) EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $19.58 million during the quarter, compared to the consensus estimate of $19.87 million. On average, analysts expect that FiscalNote Holdings, Inc. will post -0.43 EPS for the current fiscal year.

Institutional Trading of FiscalNote

A number of institutional investors and hedge funds have recently made changes to their positions in NOTE. Two Sigma Investments LP acquired a new stake in shares of FiscalNote during the 3rd quarter worth approximately $64,000. Raymond James Financial Inc. lifted 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 purchasing an additional 14,700 shares during the last quarter. Price T Rowe Associates Inc. MD bought a new stake in FiscalNote during the fourth quarter worth $36,000. XTX Topco Ltd boosted its holdings 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 in the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of FiscalNote by 51.5% in 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 in the last quarter. 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.