With 132.58M Outstanding Shares, Can FiscalNote Holdings Inc (NYSE: NOTE) Deliver Big Short-Term Gains?

FiscalNote Holdings Inc (NYSE:NOTE) currently has a daily average trading volume of 667.80K but it saw 8632072 shares traded in last market. With a market cap of 172.19M USD, the company’s current market price of $1.19 came rising about 13.33 while comparing to the previous closing price of $1.05. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.27 and as low as $0.75. In the recent trading on the day, stock has struck highest price mark of $1.1045 while lowest mark touched by it was $1.54.

Taking a look at 20-day trading activity of FiscalNote Holdings Inc (NOTE) gives us an average price of $0.9336, while its current price level is -47.58% below from 52-week high level whereas it is 58.33% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.9752 while that of 200 days or SMA-200 reads an average of $1.3002. A closer look into the stock’s movement over the week reveals that its volatility is standing at 22.74% during that period while stretching the period over a month that decreases to 13.17%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 63.17 which implies that the stock is in neutral territory.

ROTH MKM issued its recommendations for the stock as it initiated the price target for the stock is $4.75.

Over the week, NOTE’s stock price is moving 46.91% up while it is 50.63% when we observe its performance for the past one month. Year-to-date it is 4.39% up and over the past year, the stock is showing an upside performance of 16.67%.

Currently, FiscalNote Holdings Inc’s total number of outstanding shares is 132.58M. Company’s return on investment (ROI) stands at -10.52% and return on equity (ROE) at -30.59%. Stock’s beta reads 0.45. Stock has a price to book (P/B) ratio of 1.70 while price to sale or P/S ratio amounts to 1.38. Its return on asset (ROA) is -7.54% on average.