22nd Century Group Inc [XXII] stock is trading at $0.17, up 16.67%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The XXII shares have gain 20.00% over the last week, with a monthly amount drifted -6.67%, and not seem to be holding up well over a long-time horizon.
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On 13, February 2024, 22nd Century Group Announces Reduction in Board Compensation. In a post published today on Yahoo Finance, Reduced Cost Structure Expected to Save more than $1Million Annually in 2024, Aligns Board with Corporate-Wide Lean Operating Commitment.
From an analyst’s perspective:
22nd Century Group Inc [NASDAQ: XXII] stock has seen the most recent analyst activity on July 21, 2022, when Alliance Global Partners initiated its Buy rating and assigned the stock a price target of $5. Previously, Craig Hallum started tracking the stock with Buy rating on June 15, 2022, and set its price target to $5. On March 08, 2022, ROTH Capital initiated with a Buy rating and assigned a price target of $6 on the stock. Cowen started tracking the stock assigning a Outperform rating and suggested a price target of $5 on July 23, 2021. Chardan Capital Markets reiterated its recommendation of a Buy and raised its price target to $11.50 on October 16, 2017. Chardan Capital Markets reiterated a Buy rating for this stock on August 11, 2016, and downed its price target to $3.50.
22nd Century Group Inc [XXII] stock has fluctuated between $0.13 and $14.69 over the past year. Currently, Wall Street analysts expect the stock to reach $82.5 within the next 12 months. 22nd Century Group Inc [NASDAQ: XXII] shares were valued at $0.17 at the most recent close of the market. An investor can expect a potential return of 48429.41% based on the average XXII price forecast.
Analyzing the XXII fundamentals
22nd Century Group Inc [NASDAQ:XXII] reported sales of 82.41M for the trailing twelve months, which represents a drop of -8.11%. Gross Profit Margin for this corporation currently stands at -0.27% with Operating Profit Margin at -1.5%, Pretax Profit Margin comes in at -1.87%, and Net Profit Margin reading is -1.88%. To continue investigating profitability, this company’s Return on Assets is posted at -2.13, Equity is -2.07 and Total Capital is -4.44. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.96.
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 0.1532 points at the first support level, and at 0.1384 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.1764, and for the 2nd resistance point, it is at 0.1848.
22nd Century Group Inc [XXII] reported earnings per share of -$3.68 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.92/share, meaning a difference of -$2.76 and a surprise factor of -300.00%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were -$1.4 per share as compared to estimates of -$1.06 per share, a difference of -$0.34 representing a surprise of -32.10%.
Ratios To Look Out For
For context, 22nd Century Group Inc’s Current Ratio is 1.02. Also, the Quick Ratio is 0.62, while the Cash Ratio stands at 0.07. Considering the valuation of this stock, the price to sales ratio is 0.09, the price to book ratio is 0.26.
Transactions by insiders
Recent insider trading involved Arno Andrew, Director, that happened on Jan 05 when 100000.0 shares were purchased. Chief Executive Officer, FIRESTONE LAWRENCE completed a deal on Jan 04 to buy 100000.0 shares.
