FiscalNote (NYSE:NOTE) Stock Price Passes Below 200 Day Moving Average – Here’s Why

FiscalNote Holdings, Inc. (NYSE:NOTE)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.77 and traded as low as $0.11. FiscalNote shares last traded at $0.1190, with a volume of 65,811 shares trading hands.

Wall Street Analyst Weigh In

Separately, LADENBURG THALM/SH SH cut their price objective on FiscalNote from $11.00 to $9.75 and set a “buy” rating for the company in a research note on Thursday, March 26th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, FiscalNote currently has an average rating of “Hold” and an average price target of $27.38.

FiscalNote Price Performance

The stock’s 50-day moving average price is $0.18 and its 200 day moving average price is $0.76. The firm has a market capitalization of $3.20 million, a price-to-earnings ratio of -0.03 and a beta of 0.77. 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 hedge funds have recently bought and sold shares of NOTE. Price T Rowe Associates Inc. MD acquired a new position in shares of FiscalNote during the 4th quarter worth approximately $36,000. XTX Topco Ltd increased its holdings in shares of FiscalNote by 131.4% in 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 last quarter. Bank of America Corp DE increased its holdings in shares of FiscalNote by 51.5% in 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 during the last quarter. Two Sigma Investments LP purchased a new position in FiscalNote during the third quarter worth approximately $64,000. Finally, Raymond James Financial Inc. lifted 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 worth $69,000 after buying an additional 14,700 shares in 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.