22nd Century Group Inc. (NASDAQ: XXII) kicked off on May 19, 2023, at the price of $0.68, down -4.38% from the previous trading day. During the day, the shares moved up to $0.68 and dropped to $0.62 before settling in for the closing price of $0.65. Over the past 52 weeks, XXII has traded in a range of $0.58-$2.70.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Consumer Defensive sector was 30.20%. While this was happening, its average annual earnings per share was recorded -48.60%. With a float of $209.69 million, this company’s outstanding shares have now reached $215.78 million.
Considering the fact that the conglomerate employs 198 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is +0.81, operating margin of -80.73, and the pretax margin is -96.98.
22nd Century Group Inc. (XXII) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Tobacco Industry. The insider ownership of 22nd Century Group Inc. is 0.50%, while institutional ownership is 21.30%. The most recent insider transaction that took place on Aug 31, was worth 500,565. In this transaction President and COO of this company sold 370,789 shares at a rate of $1.35, taking the stock ownership to the 904,938 shares. Before that another transaction happened on Jun 14, when Company’s Chief Administrative Officer sold 20,324 for $1.69, making the entire transaction worth $34,443. This insider now owns 405,574 shares in total.
22nd Century Group Inc. (XXII) Earnings and Forecasts
In the latest quarterly report, which was put into the public domain on 3/30/2023, the organization reported -$0.08 earnings per share (EPS), lower than consensus estimate (set at -$0.07) by -$0.01. This company achieved a net margin of -96.28 while generating a return on equity of -73.81. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.07 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -48.60% per share during the next fiscal year.
22nd Century Group Inc. (NASDAQ: XXII) Trading Performance Indicators
Take a look at 22nd Century Group Inc.’s (XXII) current performance indicators. Last quarter, stock had a quick ratio of 1.80. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.94.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.33, a number that is poised to hit -0.07 in the next quarter and is forecasted to reach -0.10 in one year’s time.
Technical Analysis of 22nd Century Group Inc. (XXII)
Compared to the last year’s volume of 1.06 million, its volume of 1.26 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 29.19%. Additionally, its Average True Range was 0.05.
During the past 100 days, 22nd Century Group Inc.’s (XXII) raw stochastic average was set at 6.40%, which indicates a significant decrease from 25.35% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 57.47% in the past 14 days, which was lower than the 66.16% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.7247, while its 200-day Moving Average is $1.0421. Nevertheless, the first resistance level for the watch stands at $0.6632 in the near term. At $0.7016, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.7232. If the price goes on to break the first support level at $0.6032, it is likely to go to the next support level at $0.5816. Should the price break the second support level, the third support level stands at $0.5432.
22nd Century Group Inc. (NASDAQ: XXII) Key Stats
The company with the Market Capitalisation of 145.35 million has total of 222,504K Shares Outstanding. Its annual sales at the moment are 62,110 K in contrast with the sum of -59,800 K annual income. Company’s last quarter sales were recorded 21,960 K and last quarter income was -18,180 K.
