At the time of writing, 22nd Century Group Inc [XXII] stock is trading at $0.33, up 23.79%. An important factor to consider is whether the stock is rising or falling in short-term value. The XXII shares have gain 3.07% over the last week, with a monthly amount drifted -51.53%, and not seem to be holding up well over a long-time horizon.
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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 $0.26 and $23.76. 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 $0.33 at the most recent close of the market. An investor can expect a potential return of 24900.0% based on the average XXII price forecast.
Analyzing the XXII fundamentals
According to 22nd Century Group Inc [NASDAQ:XXII], the company’s sales were 39.58M for trailing twelve months, which represents an -66.08% plunge. Gross Profit Margin for this corporation currently stands at -0.81% with Operating Profit Margin at -2.93%, Pretax Profit Margin comes in at -3.46%, and Net Profit Margin reading is -3.71%. To continue investigating profitability, this company’s Return on Assets is posted at -4.57, Equity is 61.16 and Total Capital is -10.83. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-9.08.
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 0.2935 points at the first support level, and at 0.2582 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.3507, and for the 2nd resistance point, it is at 0.3726.
Ratios To Look Out For
It is important to note that 22nd Century Group Inc [NASDAQ:XXII] has a current ratio of 0.84. On the other hand, the Quick Ratio is 0.67, and the Cash Ratio is 0.08. Considering the valuation of this stock, the price to sales ratio is 0.08.
Transactions by insiders
Recent insider trading involved FIRESTONE LAWRENCE, Chief Executive Officer, that happened on May 30 ’24 when 9000.0 shares were purchased. Director, Arno Andrew completed a deal on Jan 05 ’24 to buy 100000.0 shares. Meanwhile, Chief Executive Officer FIRESTONE LAWRENCE bought 100000.0 shares on Jan 04 ’24.
