The stock price of 22nd Century Group Inc (NASDAQ: XXII) has dropped by -11.31 compared to previous close of 0.84. Despite this, the company has seen a fall of -10.13% in its stock price over the last five trading days. newsfilecorp.com reported 2024-07-10 that Patented, Fully Water Dispersing, Biodegradable Solution for World’s Most Littered Item Mocksville, North Carolina–(Newsfile Corp. – July 10, 2024) – 22nd Century Group, Inc. (NASDAQ: XXII), a tobacco products company focused on nicotine harm reduction and contract manufacturing, today announced an agreement with Greenbutts, LLC to provide manufacturing space at its Mocksville, North Carolina NASCO manufacturing facility and NASCO staff to operate the manufacturing equipment for an innovative new cigarette filter solution. Greenbutts offers a patented technology to replace single-use, plastic-based filters currently used in tobacco products with water soluble, fully biodegradable filter solutions.
Is It Worth Investing in 22nd Century Group Inc (NASDAQ: XXII) Right Now?
Additionally, the 36-month beta value for XXII is 1.38. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for XXII is 7.27M and currently, short sellers hold a 4.41% ratio of that float. The average trading volume of XXII on July 23, 2024 was 392.79K shares.
XXII’s Market Performance
The stock of 22nd Century Group Inc (XXII) has seen a -10.13% decrease in the past week, with a 24.19% rise in the past month, and a -54.01% fall in the past quarter. The volatility ratio for the week is 10.10%, and the volatility levels for the past 30 days are at 12.35% for XXII. The simple moving average for the past 20 days is 0.04% for XXII’s stock, with a -76.07% 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.
Craig Hallum, on the other hand, stated in their research note that they expect to see XXII reach a price target of $5. The rating they have provided for XXII stocks is “Buy” according to the report published on June 15th, 2022.
ROTH Capital gave a rating of “Buy” to XXII, setting the target price at $6 in the report published on March 08th of the previous year.
XXII Trading at -22.46% 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 -99.32% of loss for the given period.
Volatility was left at 12.35%, however, over the last 30 days, the volatility rate increased by 10.10%, as shares surge +27.35% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -54.98% lower at present.
During the last 5 trading sessions, XXII fell by -10.13%, which changed the moving average for the period of 200-days by -93.90% in comparison to the 20-day moving average, which settled at $0.7527. In addition, 22nd Century Group Inc saw -74.99% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at XXII starting from FIRESTONE LAWRENCE, who purchase 9,000 shares at the price of $1.09 back on May 30 ’24. After this action, FIRESTONE LAWRENCE now owns 15,250 shares of 22nd Century Group Inc, valued at $9,829 using the latest closing price.
Arno Andrew, the Director of 22nd Century Group Inc, purchase 100,000 shares at $0.17 during a trade that took place back on Jan 05 ’24, which means that Arno Andrew is holding 100,000 shares at $17,490 based on the most recent closing price.
Stock Fundamentals for XXII
Current profitability levels for the company are sitting at:
- -2.31 for the present operating margin
- -0.6 for the gross margin
The net margin for 22nd Century Group Inc stands at -2.84. The total capital return value is set at 160.68. Equity return is now at value -346.39, with -162.38 for asset returns.
Based on 22nd Century Group Inc (XXII), the company’s capital structure generated 4.49 points at debt to capital in total, while cash flow to debt ratio is standing at -2.66. The debt to equity ratio resting at -1.29. The interest coverage ratio of the stock is -14.16.
Currently, EBITDA for the company is -37.14 million with net debt to EBITDA at -0.15. When we switch over and look at the enterprise to sales, we see a ratio of 0.46. The receivables turnover for the company is 8.18for trailing twelve months and the total asset turnover is 1.83. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.54.
Conclusion
In conclusion, 22nd Century Group Inc (XXII) has seen bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as 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.
