22nd Century Group Inc (NASDAQ: XXII)’s stock price has soared by 23.79 in relation to previous closing price of 0.27. Nevertheless, the company has seen a gain of 3.07% in its stock price over the last five trading days. newsfilecorp.com reported 2024-09-09 that Mocksville, North Carolina–(Newsfile Corp. – September 9, 2024) – 22nd Century Group, Inc. (NASDAQ: XXII), a tobacco products company leading the fight against nicotine addiction with its FDA authorized 95% less nicotine brand VLN®, today announced an agreement to fund all intellectual property, licensing and sponsored research payments to North Carolina State University through 2025 in equity as part of a deal valued at over $1.2 million. The payments will occur over the course of three tranches, in equity or cash, at the company’s election.
Is It Worth Investing in 22nd Century Group Inc (NASDAQ: XXII) Right Now?
XXII has 36-month beta value of 1.41. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for XXII is 8.01M, and currently, short sellers hold a 4.09% ratio of that float. The average trading volume of XXII on September 10, 2024 was 386.04K shares.
XXII’s Market Performance
XXII stock saw a decrease of 3.07% in the past week, with a monthly decline of -51.53% and a quarterly a decrease of -56.48%. The volatility ratio for the week is 12.71%, and the volatility levels for the last 30 days are 13.49% for 22nd Century Group Inc (XXII). The simple moving average for the past 20 days is -31.77% for XXII’s stock, with a -82.11% 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 -48.16% 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 -98.62% of loss for the given period.
Volatility was left at 13.49%, however, over the last 30 days, the volatility rate increased by 12.71%, as shares sank -51.70% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -58.12% lower at present.
During the last 5 trading sessions, XXII rose by +3.07%, which changed the moving average for the period of 200-days by -92.79% in comparison to the 20-day moving average, which settled at $0.4644. In addition, 22nd Century Group Inc saw -88.96% 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:
- -2.93 for the present operating margin
- -0.81 for the gross margin
The net margin for 22nd Century Group Inc stands at -3.71. The total capital return value is set at -10.83. Equity return is now at value -286.03, with -137.46 for asset returns.
Based on 22nd Century Group Inc (XXII), the company’s capital structure generated 1.12 points at debt to capital in total, while cash flow to debt ratio is standing at -2.84. The debt to equity ratio resting at -9.08. The interest coverage ratio of the stock is -15.35.
Currently, EBITDA for the company is -37.14 million with net debt to EBITDA at -0.1. When we switch over and look at the enterprise to sales, we see a ratio of 0.41. The receivables turnover for the company is 4.77for trailing twelve months and the total asset turnover is 1.23. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.84.
Conclusion
To put it simply, 22nd Century Group Inc (XXII) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others 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.
