, and the 36-month beta value for XXII is at 1.67. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for XXII is 30.40M, and currently, shorts hold a 6.09% of that float. The average trading volume for XXII on November 20, 2023 was 664.36K shares.
XXII) stock’s latest price update
The stock of 22nd Century Group Inc (NASDAQ: XXII) has decreased by -10.00 when compared to last closing price of 0.31.Despite this, the company has seen a loss of -31.54% in its stock price over the last five trading days. 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
22nd Century Group Inc (XXII) has seen a -31.54% fall in stock performance for the week, with a -42.27% decline in the past month and a -86.98% plunge in the past quarter. The volatility ratio for the week is 14.57%, and the volatility levels for the past 30 days are at 11.80% for XXII. The simple moving average for the past 20 days is -36.08% for XXII’s stock, with a -95.64% 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 -61.38% 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 -98.59% of loss for the given period.
Volatility was left at 11.80%, however, over the last 30 days, the volatility rate increased by 14.57%, as shares sank -47.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -78.29% lower at present.
During the last 5 trading sessions, XXII fell by -31.54%, which changed the moving average for the period of 200-days by -98.29% in comparison to the 20-day moving average, which settled at $0.4255. In addition, 22nd Century Group Inc saw -97.97% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for XXII
Equity return is now at value -204.21, with -133.47 for asset returns.
In conclusion, 22nd Century Group Inc (XXII) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. 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.