FiscalNote (NYSE:NOTE) Shares Cross Below 50 Day Moving Average – Here’s What Happened

FiscalNote Holdings, Inc. (NYSE:NOTE) shares passed 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 trading hands.

Analyst Ratings Changes

Separately, LADENBURG THALM/SH SH dropped 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 issued a Sell rating to the company. According to data from MarketBeat, FiscalNote has an average rating of “Hold” and an average target price of $27.38.

FiscalNote Trading Down 7.1%

The firm has a 50 day simple moving average of $0.17 and a 200 day simple moving average of $0.71. The firm has a market capitalization of $2.67 million, a PE ratio of -0.02 and a beta of 0.81. The company has a current ratio of 1.03, a quick ratio of 1.01 and a debt-to-equity ratio of 2.03.

Institutional Investors Weigh In On FiscalNote

A number of large investors have recently added to or reduced their stakes in NOTE. Two Sigma Investments LP bought a new stake in shares of FiscalNote in the third quarter worth $64,000. Raymond James Financial Inc. raised its stake in FiscalNote by 4,900.0% during the 3rd quarter. Raymond James Financial Inc. now owns 15,000 shares of the company’s stock worth $69,000 after acquiring an additional 14,700 shares during the period. Bank of America Corp DE raised its position in shares of 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. XTX Topco Ltd raised its holdings in FiscalNote by 131.4% during the fourth quarter. XTX Topco Ltd now owns 35,516 shares of the company’s stock valued at $52,000 after acquiring an additional 20,166 shares during the period. Finally, Price T Rowe Associates Inc. MD purchased a new position in FiscalNote in the 4th quarter worth approximately $36,000. 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.