Duddell Street Acquisition stock hits 52-week low at $0.75

In a challenging market environment, Duddell Street Acquisition Corp. (DSAC) stock has touched a new 52-week low, reaching a price level of just $0.75. According to InvestingPro data, the stock’s RSI indicates oversold conditions, while maintaining impressive gross profit margins of ~79%. This latest dip underscores a period of significant decline for the company, which has seen its stock value decrease by -38.05% over the past year. Investors are closely monitoring the stock as it navigates through market pressures, with the 52-week low marking a critical juncture for the company’s valuation and future outlook. Trading at a P/E ratio of 11.4, analysts see significant upside potential, though revenue is forecast to decline by 19% this year. For detailed valuation analysis and 17 additional ProTips, visit InvestingPro.

In other recent news, FiscalNote Holdings reported its fourth-quarter 2024 earnings, revealing a loss that was larger than analysts had forecasted, alongside revenue that fell short of expectations. The company posted an earnings per share loss of $0.10, missing the estimated loss of $0.08, with revenue reaching $27.06 million compared to the anticipated $30.59 million. Despite these results, FiscalNote achieved its first full year of positive adjusted EBITDA at $9.8 million. In a strategic move, FiscalNote completed the sale of its Global Intelligence businesses, Oxford Analytica and Dragonfly, to Dow Jones for $40 million, which is expected to help reduce its senior term debt by 30.6%. Additionally, the company extended the maturity date of its Subordinated Convertible Promissory Notes to April 15, 2026, providing more flexibility in managing its debt. FiscalNote also announced the launch of its EU Defense and Space Policy vertical, aimed at offering insights into the European Union’s evolving defense strategies. These developments underscore FiscalNote’s efforts to focus on its core policy customer base and enhance its product offerings.

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