Not a good buy right now: price is in a strong downtrend (bearish MA stack + worsening MACD) and is breaking below key support.
Oversold RSI (RSI_6 ~14.6) can produce a dead-cat bounce, but there is no proprietary buy signal today and momentum is still deteriorating—poor setup for an impatient buyer.
Financial trend is mixed but top-line deterioration (Q3 revenue -23.8% YoY) keeps fundamental pressure on the stock.
Momentum: MACD histogram -0.0325 and negatively expanding → selling momentum is increasing, not stabilizing.
Oscillators: RSI_6 at 14.574 = deeply oversold; bounce potential exists but is lower-quality while MACD continues to worsen.
Key levels: Current 1.03 is below S1 (1.071) → former support has failed; next notable support S2 ~0.92. Overhead resistance: Pivot 1.316, then R1 1.56.
Pattern-based projection: modest upside odds near-term (similar-pattern model suggests small expected gains), but magnitude is low and trend context is strongly bearish.
Options Data
Bullish
Open Interest Put-Call Ratio
Bullish
Option Volume Put-Call Ratio
Positioning: Open interest put/call ratio 0.2 is call-heavy (bullish leaning), but today’s option volume is essentially nonexistent (1 call, 0 puts), so sentiment signal is weak.
Volatility: 30D IV ~206.5% (very high) and IV percentile ~75.3 → options are expensive; market implies large moves.
Activity: Today’s volume vs 30D average ~0.57 suggests below-normal activity; not seeing strong options-driven conviction today.
Technical Summary
Sell
8
Buy
5
Positive Catalysts
Oversold technical condition (RSI extremely low) can fuel a short-term rebound if selling pressure eases.
Options open interest skewed toward calls (low put/call OI ratio), which can be supportive if any catalyst emerges.
Net loss is narrowing YoY (improving net income and EPS vs prior year), indicating some cost/efficiency progress.
Neutral/Negative Catalysts
increases probability of a move toward S2 (~0.92).
Financial Performance
Latest reported quarter: 2025/Q3.
Revenue: 22.429M, down -23.81% YoY (clear contraction; negative for growth narrative).
Profitability: Net income improved to -24.855M (loss narrowed, +66.42% YoY improvement).
EPS: -1.73, improved +30.08% YoY (still negative, but trending better).
Gross margin: 70.23%, down slightly (-0.45% YoY), indicating mild margin pressure despite improvements in bottom-line loss.
Growth
Profitability
Efficiency
Analyst Ratings and Price Target Trends
Latest note (2025-11-07): B. Riley maintained a Buy but cut price target sharply to $7 from $18.
Takeaway: Wall Street view is directionally positive on the story (kept Buy), but the large target reset signals reduced confidence in valuation/multiple and likely higher perceived risk.
Pros (Street bull case implied): Q3 was viewed as “solid,” and there’s a path to operational improvement.
Cons (Street risk framing implied): valuation/multiple compression and weaker growth profile (consistent with the revenue decline) are key headwinds.
Wall Street analysts forecast NOTE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NOTE is 7.67 USD with a low forecast of 5 USD and a high forecast of 11 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
Wall Street analysts forecast NOTE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NOTE is 7.67 USD with a low forecast of 5 USD and a high forecast of 11 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 1.000
Low
5
Averages
7.67
High
11
Current: 1.000
Low
5
Averages
7.67
High
11
B. Riley
Zach Cummins
Buy
downgrade
$18 -> $7
AI Analysis
2025-11-07
Reason
B. Riley
Zach Cummins
Price Target
$18 -> $7
AI Analysis
2025-11-07
downgrade
Buy
Reason
B. Riley analyst Zach Cummins lowered the firm's price target on FiscalNote to $7 from $18 and keeps a Buy rating on the shares. The firm cites a reset valuation multiple for target cut but views the company's Q3 report as solid.
