FiscalNote (NYSE:NOTE) Stock Price Crosses Above 50-Day Moving Average – Here’s What Happened

FiscalNote Holdings, Inc. (NYSE:NOTE) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $0.96 and traded as high as $1.17. FiscalNote shares last traded at $1.07, with a volume of 3,121,168 shares traded.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on NOTE shares. EF Hutton Acquisition Co. I upgraded shares of FiscalNote to a “strong-buy” rating in a research report on Monday, October 28th. B. Riley lowered their price objective on FiscalNote from $2.00 to $1.75 and set a “buy” rating for the company in a research report on Wednesday, November 13th.

FiscalNote Stock Down 2.8 %

The company has a market cap of $146.86 million, a price-to-earnings ratio of -4.73 and a beta of 0.48. The stock’s 50-day moving average is $0.96 and its 200-day moving average is $1.24. 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 Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC acquired a new position in FiscalNote during the second quarter worth $26,000. Virtu Financial LLC bought a new stake in shares of FiscalNote during the third quarter worth about $47,000. Barclays PLC raised its holdings in shares of FiscalNote by 318.2% in the 3rd quarter. Barclays PLC now owns 86,286 shares of the company’s stock worth $110,000 after acquiring an additional 65,655 shares during the last quarter. International Assets Investment Management LLC lifted its position in FiscalNote by 35.1% in the 3rd quarter. International Assets Investment Management LLC now owns 134,656 shares of the company’s stock valued at $172,000 after acquiring an additional 34,956 shares in the last quarter. Finally, Squarepoint Ops LLC boosted its stake in FiscalNote by 181.9% during the 2nd quarter. Squarepoint Ops LLC now owns 149,490 shares of the company’s stock valued at $218,000 after purchasing an additional 96,457 shares during the last quarter. 54.31% of the stock is owned by institutional investors and hedge funds.

FiscalNote Company Profile

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.