FiscalNote (NYSE:NOTE) Share Price Crosses Above Fifty Day Moving Average – Time to Sell?

FiscalNote Holdings, Inc. (NYSE:NOTE)’s share price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $1.06 and traded as high as $1.59. FiscalNote shares last traded at $1.45, with a volume of 4,061,482 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. D. Boral Capital restated a “buy” rating and issued a $3.50 price objective on shares of FiscalNote in a research note on Thursday, January 16th. EF Hutton Acquisition Co. I raised shares of FiscalNote to a “strong-buy” rating in a research report on Monday, October 28th. Finally, B. Riley dropped their price objective on FiscalNote from $2.00 to $1.75 and set a “buy” rating on the stock in a research note on Wednesday, November 13th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $2.83.

FiscalNote Stock Down 5.9 %

The firm’s fifty day moving average is $1.09 and its 200-day moving average is $1.22. The stock has a market capitalization of $192.77 million, a P/E ratio of -6.20 and a beta of 0.38. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.44.

Institutional Trading of FiscalNote

Several institutional investors and hedge funds have recently added to or reduced their stakes in NOTE. SG Americas Securities LLC lifted its stake in FiscalNote by 83.2% in the fourth quarter. SG Americas Securities LLC now owns 25,285 shares of the company’s stock valued at $27,000 after buying an additional 11,486 shares during the period. State Street Corp raised its position in shares of FiscalNote by 1.4% in the 3rd quarter. State Street Corp now owns 1,261,429 shares of the company’s stock valued at $1,615,000 after acquiring an additional 17,624 shares during the period. AQR Capital Management LLC bought a new position in FiscalNote during the 2nd quarter worth approximately $26,000. Charles Schwab Investment Management Inc. grew its holdings in FiscalNote by 4.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 566,144 shares of the company’s stock valued at $725,000 after purchasing an additional 21,811 shares during the period. Finally, PFG Investments LLC increased its stake in FiscalNote by 144.7% in the fourth quarter. PFG Investments LLC now owns 46,500 shares of the company’s stock valued at $50,000 after purchasing an additional 27,500 shares in the last quarter. 54.31% of the stock is owned by institutional investors.

About FiscalNote

FiscalNote Holdings, Inc operates as technology company North America, Europe, Australia, and Asia. It combines artificial intelligence technology, machine learning, and other technologies with analytics, workflow tools, and expert research. The company also delivers that intelligence through its suite of public policy and issues management products, as well as powerful tools to manage workflows, advocacy campaigns, and constituent relationships.