Detailed Review Of Prospects For 22nd Century Group Inc Stock

A share price of 22nd Century Group Inc [XXII] is currently trading at $0.27, down -2.93%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The XXII shares have gain 13.13% over the last week, with a monthly amount drifted -38.21%, 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.

22nd Century Group Inc experienced fluctuations in its stock price throughout the past year between $0.23 and $17.06. 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 $0.27 at the most recent close of the market. An investor can expect a potential return of 30455.56% based on the average XXII price forecast.

Analyzing the XXII fundamentals

Trailing Twelve Months sales for 22nd Century Group Inc [NASDAQ:XXII] were 39.58M which represents -66.08% decline. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -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 0.2625 points at the first support level, and at 0.2501 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.2918, and for the 2nd resistance point, it is at 0.3087.

Ratios To Look Out For

To put it in perspective, the Current Ratio for 22nd Century Group Inc [NASDAQ:XXII] is 0.84. Further, the Quick Ratio stands at 0.67, while the Cash Ratio is 0.08. Considering the valuation of this stock, the price to sales ratio is 0.15.

Transactions by insiders

Recent insider trading involved FIRESTONE LAWRENCE, Chief Executive Officer, that happened on Sep 12 ’24 when 39000.0 shares were purchased. Chief Executive Officer, FIRESTONE LAWRENCE completed a deal on May 30 ’24 to buy 9000.0 shares. Meanwhile, Director Arno Andrew bought 100000.0 shares on Jan 05 ’24.

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