The stock price of 22nd Century Group Inc (NASDAQ: XXII) has plunged by -3.82 when compared to previous closing price of 0.10, but the company has seen a 1.59% gain in its stock price over the last five trading sessions. newsfilecorp.com reported 2024-11-12 that Remains on Path to Cash Positive Operations in Q1 2025 Commencing Growth Strategy Leveraging Both Internal and External Brand Assets Across Multiple Categories Mocksville, North Carolina–(Newsfile Corp. – November 12, 2024) – 22nd Century Group, Inc. (Nasdaq: XXII), a tobacco products company that is leading the fight against nicotine dependence and believes smokers should have a choice about their nicotine consumption, today announced results for the third quarter ended September 30, 2024, and provided an update on recent business highlights. Third Quarter 2024 Financial Results (compared to Second Quarter 2024, except as noted) All figures reported below reflect continuing operations, excluding discontinued operations related to the sale and exit of the Company’s hemp/cannabis business in late 2023.
Is It Worth Investing in 22nd Century Group Inc (NASDAQ: XXII) Right Now?
The stock has a 36-month beta value of 1.50. Opinions on the stock are mixed, 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 42.23M, and at present, short sellers hold a 0.58% of that float. On December 02, 2024, the average trading volume of XXII was 8.93M shares.
XXII’s Market Performance
XXII stock saw a decrease of 1.59% in the past week, with a monthly decline of -7.72% and a quarterly a decrease of -67.69%. The volatility ratio for the week is 13.15%, and the volatility levels for the last 30 days are 12.45% for 22nd Century Group Inc (XXII). The simple moving average for the last 20 days is -5.34% for XXII stock, with a simple moving average of -89.95% for the last 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 -29.99% 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 -98.19% of loss for the given period.
Volatility was left at 12.45%, however, over the last 30 days, the volatility rate increased by 13.15%, as shares sank -3.91% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -63.13% lower at present.
During the last 5 trading sessions, XXII rose by +1.91%, which changed the moving average for the period of 200-days by -96.18% in comparison to the 20-day moving average, which settled at $0.1010. In addition, 22nd Century Group Inc saw -96.79% 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 39,000 shares at the price of $0.27 back on Sep 12 ’24. After this action, FIRESTONE LAWRENCE now owns 54,250 shares of 22nd Century Group Inc, valued at $10,468 using the latest closing price.
FIRESTONE LAWRENCE, the Chief Executive Officer of 22nd Century Group Inc, purchase 9,000 shares at $1.09 during a trade that took place back on May 30 ’24, which means that FIRESTONE LAWRENCE is holding 15,250 shares at $9,829 based on the most recent closing price.
Stock Fundamentals for XXII
Current profitability levels for the company are sitting at:
- -1.52 for the present operating margin
- -0.33 for the gross margin
The net margin for 22nd Century Group Inc stands at -1.44. The total capital return value is set at -3.58. Equity return is now at value -385.90, with -73.73 for asset returns.
Based on 22nd Century Group Inc (XXII), the company’s capital structure generated 0.69 points at debt to capital in total, while cash flow to debt ratio is standing at -1.88. The debt to equity ratio resting at 2.26. The interest coverage ratio of the stock is -5.08.
Currently, EBITDA for the company is -40.41 million with net debt to EBITDA at -0.17. When we switch over and look at the enterprise to sales, we see a ratio of 0.3. The receivables turnover for the company is 15.54for trailing twelve months and the total asset turnover is 1.06. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.09.
Conclusion
To sum up, 22nd Century Group Inc (XXII) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
