while the 36-month beta value is 1.74.Analysts have differing opinions on the stock, with 2 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
The average price point forecasted by analysts for 22nd Century Group Inc (XXII) is $3.53, which is $3.18 above the current market price. The public float for XXII is 30.23M, and currently, short sellers hold a 6.13% ratio of that floaft. The average trading volume of XXII on November 16, 2023 was 649.07K shares.
XXII) stock’s latest price update
22nd Century Group Inc (NASDAQ: XXII)’s stock price has plunge by -9.21relation to previous closing price of 0.39. Nevertheless, the company has seen a -9.46% plunge in its stock price over the last five trading sessions. Zacks Investment Research reported 2023-09-13 that 22nd Century Group’s (XXII) VLN cigarettes represent a remarkable breakthrough as the first and only combustible cigarettes that the FDA has authorized as Modified Risk Tobacco Products.
XXII’s Market Performance
XXII’s stock has fallen by -9.46% in the past week, with a monthly drop of -37.22% and a quarterly drop of -82.16%. The volatility ratio for the week is 10.92% while the volatility levels for the last 30 days are 11.97% for 22nd Century Group Inc The simple moving average for the past 20 days is -21.98% for XXII’s stock, with a -94.61% simple moving average for the past 200 days.
Analysts’ Opinion of XXII
Many brokerage firms have already submitted their reports for XXII stocks, with Alliance Global Partners repeating the rating for XXII by listing it as a “Buy.” The predicted price for XXII in the upcoming period, according to Alliance Global Partners is $5 based on the research report published on July 21, 2022 of the previous year 2022.
XXII Trading at -53.85% from the 50-Day Moving Average
After a stumble in the market that brought XXII to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -98.21% of loss for the given period.
Volatility was left at 11.97%, however, over the last 30 days, the volatility rate increased by 10.92%, as shares sank -31.78% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -76.33% lower at present.
During the last 5 trading sessions, XXII fell by -9.46%, which changed the moving average for the period of 200-days by -97.85% in comparison to the 20-day moving average, which settled at $0.4467. In addition, 22nd Century Group Inc saw -97.43% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for XXII
Current profitability levels for the company are sitting at:
- -80.73 for the present operating margin
- +0.81 for the gross margin
The net margin for 22nd Century Group Inc stands at -96.28. The total capital return value is set at -58.60, while invested capital returns managed to touch -70.93. Equity return is now at value -204.21, with -133.47 for asset returns.
Based on 22nd Century Group Inc (XXII), the company’s capital structure generated 7.01 points at debt to equity in total, while total debt to capital is 6.55. Total debt to assets is 5.87, with long-term debt to equity ratio resting at 5.36. Finally, the long-term debt to capital ratio is 5.01.
When we switch over and look at the enterprise to sales, we see a ratio of -0.03, with the company’s debt to enterprise value settled at 0.04. The receivables turnover for the company is 11.07 and the total asset turnover is 0.65. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.43.
In a nutshell, 22nd Century Group Inc (XXII) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.