FiscalNote Holdings Inc (NOTE) stock forecast: Can it reach its 52-week high of $4.51

A share price of FiscalNote Holdings Inc [NOTE] is currently trading at $1.40, up 3.70%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The NOTE shares have gain 7.69% over the last week, with a monthly amount drifted -6.04%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

FiscalNote Holdings Inc [NYSE: NOTE] stock has seen the most recent analyst activity on November 15, 2023, when BTIG Research downgraded its rating to a Neutral. Previously, B. Riley Securities started tracking the stock with Buy rating on July 26, 2023, and set its price target to $5. On June 21, 2023, ROTH MKM initiated with a Buy rating and assigned a price target of $4.75 on the stock. DA Davidson downgraded its rating to a Neutral. BTIG Research initiated its recommendation with a Buy and recommended $14 as its price target on August 30, 2022.

FiscalNote Holdings Inc experienced fluctuations in its stock price throughout the past year between $0.65 and $4.51. Currently, Wall Street analysts expect the stock to reach $7.25 within the next 12 months. FiscalNote Holdings Inc [NYSE: NOTE] shares were valued at $1.40 at the most recent close of the market. An investor can expect a potential return of 417.86% based on the average NOTE price forecast.

Analyzing the NOTE fundamentals

Trailing Twelve Months sales for FiscalNote Holdings Inc [NYSE:NOTE] were 133.23M which represents 1.85% growth. Gross Profit Margin for this corporation currently stands at 0.59% with Operating Profit Margin at -0.43%, Pretax Profit Margin comes in at -0.33%, and Net Profit Margin reading is -0.34%. To continue investigating profitability, this company’s Return on Assets is posted at -0.13, Equity is -0.56 and Total Capital is -0.2. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.47.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 1.3067 points at the first support level, and at 1.2133 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.4767, and for the 2nd resistance point, it is at 1.5533.

Ratios To Look Out For

To put it in perspective, the Current Ratio for FiscalNote Holdings Inc [NYSE:NOTE] is 1.04. In addition, the Quick Ratio stands at 1.04 and the Cash Ratio stands at 0.59. Considering the valuation of this stock, the price to sales ratio is 1.41, the price to book ratio is 1.73.

Transactions by insiders

Recent insider trading involved Resnik Josh, President and COO, that happened on Jun 07 ’24 when 939.0 shares were sold. CFO and SVP, Corp. Dev., Slabaugh Jon completed a deal on Jun 07 ’24 to sell 928.0 shares. Meanwhile, Chairman, CEO and Director Hwang Tim sold 31028.0 shares on Jun 03 ’24.

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