$6.73M in average volume shows that 22nd Century Group Inc (XXII) is heading in the right direction

22nd Century Group Inc (NASDAQ: XXII) kicked off on Friday, down -3.67% from the previous trading day, before settling in for the closing price of $0.10. Over the past 52 weeks, XXII has traded in a range of $0.09-$8.63.

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During the last 5-year period, the sales growth of Consumer Defensive Sector giant was 5.41%. With a float of $36.88 million, this company’s outstanding shares have now reached $45.70 million.

Let’s determine the extent of company efficiency that accounts for 64 employees. In terms of profitability, gross margin is -81.23%, operating margin of -292.86%, and the pretax margin is -345.52%.

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 19.32%, while institutional ownership is 2.96%. The most recent insider transaction that took place on Sep 12 ’24, was worth 10,468. In this transaction Chief Executive Officer of this company bought 39,000 shares at a rate of $0.27, taking the stock ownership to the 54,250 shares. Before that another transaction happened on May 30 ’24, when Company’s Chief Executive Officer bought 9,000 for $1.09, making the entire transaction worth $9,829. This insider now owns 15,250 shares in total.

22nd Century Group Inc (XXII) Earnings and Forecasts

In the latest quarterly report, which was put into the public domain on 3/31/2024, the organization reported -22.4 earnings per share (EPS), lower than consensus estimate (set at -16.93) by -5.47. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current 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 0.67. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.11.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -80.47

Technical Analysis of 22nd Century Group Inc (XXII)

Looking closely at 22nd Century Group Inc (NASDAQ: XXII), its last 5-days average volume was 4.56 million, which is a jump from its year-to-date volume of 2.63 million. As of the previous 9 days, the stock’s Stochastic %D was 17.42%. Additionally, its Average True Range was 0.02.

During the past 100 days, 22nd Century Group Inc’s (XXII) raw stochastic average was set at 0.77%, which indicates a significant decrease from 12.46% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 132.79% in the past 14 days, which was higher than the 125.65% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $0.2257, while its 200-day Moving Average is $1.2083. However, in the short run, 22nd Century Group Inc’s stock first resistance to watch stands at $0.1047. Second resistance stands at $0.1096. The third major resistance level sits at $0.1132. If the price goes on to break the first support level at $0.0962, it is likely to go to the next support level at $0.0926. Should the price break the second support level, the third support level stands at $0.0877.

22nd Century Group Inc (NASDAQ: XXII) Key Stats

The company with the Market Capitalisation of 4.39 million has total of 31,436K Shares Outstanding. Its annual sales at the moment are 32,200 K in contrast with the sum of -140,780 K annual income. Company’s last quarter sales were recorded 7,950 K and last quarter income was -1,110 K.