At the time of writing, 22nd Century Group Inc [XXII] stock is trading at $3.56, up 140.54%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The XXII shares have gain 85.42% over the last week, with a monthly amount glided 37.26%, and seem to be holding up well over a long-time horizon.
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On 4, April 2024, 22nd Century Group (XXII) Signs Large New CMO Customer. In a post published today on Yahoo Finance, New Contract Will Commence in Second Quarter, Ultimately Boost CMO Volumes by More Than 20%.
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.
For the past year, the stock price of 22nd Century Group Inc fluctuated between $1.45 and $180.91. 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 $3.56 at the most recent close of the market. An investor can expect a potential return of 2217.42% based on the average XXII price forecast.
Analyzing the XXII fundamentals
According to 22nd Century Group Inc [NASDAQ:XXII], the company’s sales were 70.56M for trailing twelve months, which represents an -61.69% plunge. Gross Profit Margin for this corporation currently stands at -0.44% with Operating Profit Margin at -1.94%, Pretax Profit Margin comes in at -2.2%, and Net Profit Margin reading is -2.3%. To continue investigating profitability, this company’s Return on Assets is posted at -5.08, Equity is -3.5 and Total Capital is -47.58. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -1.75.
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 2.02 points at the first support level, and at 0.47 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.71, and for the 2nd resistance point, it is at 5.85.
22nd Century Group Inc [XXII] reported earnings per share of -$18.4 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$8.88/share, meaning a difference of -$9.52 and a surprise factor of -107.20%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$58.88 per share as compared to estimates of -$14.73 per share, a difference of -$44.15 representing a surprise of -299.70%.
Ratios To Look Out For
It is important to note that 22nd Century Group Inc [NASDAQ:XXII] has a current ratio of 0.65. In addition, the Quick Ratio stands at 0.48 and the Cash Ratio stands at 0.08. Considering the valuation of this stock, the price to sales ratio is 0.18.
Transactions by insiders
Recent insider trading involved Arno Andrew, Director, that happened on Jan 05 ’24 when 100000.0 shares were purchased. Chief Executive Officer, FIRESTONE LAWRENCE completed a deal on Jan 04 ’24 to buy 100000.0 shares.
