Can 22nd Century Group Inc’s (XXII) drop of -18.70% in a week be considered a lucky break?

22nd Century Group Inc (NASDAQ: XXII) kicked off on Friday, down -7.77% from the previous trading day, before settling in for the closing price of $0.95. Over the past 52 weeks, XXII has traded in a range of $0.70-$182.25.

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A company in the Consumer Defensive sector has jumped its sales by 1.00% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded 99.23%. With a float of $4.69 million, this company’s outstanding shares have now reached $6.37 million.

In an organization with 56 employees, it is important to assess its efficiency. In terms of profitability, gross margin is -9.14%, operating margin of -55.72%, and the pretax margin is -61.28%.

22nd Century Group Inc (XXII) Insider and Institutional Ownership

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 26.32%, while institutional ownership is 3.97%. 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) Latest Financial update

According to the Wall Street analysts, stocks earnings will be around 99.23% 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 0.52. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.23.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -122.85, a number that is poised to hit -0.27 in the next quarter and is forecasted to reach 0.22 in one year’s time.

Technical Analysis of 22nd Century Group Inc (XXII)

Let’s dig in a bit further. During the last 5-days, its volume was 0.19 million. That was inferior than the volume of 1.03 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 6.55%. Additionally, its Average True Range was 0.15.

During the past 100 days, 22nd Century Group Inc’s (XXII) raw stochastic average was set at 1.51%, which indicates a significant decrease from 4.40% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 108.23% in the past 14 days, which was lower than the 163.84% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $1.1701, while its 200-day Moving Average is $15.9847. However, in the short run, 22nd Century Group Inc’s stock first resistance to watch stands at $0.9340. Second resistance stands at $0.9900. The third major resistance level sits at $1.0300. If the price goes on to break the first support level at $0.8380, it is likely to go to the next support level at $0.7980. The third support level lies at $0.7420 if the price breaches the second support level.

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

The company with the Market Capitalisation of 5.59 million has total of 2,357K Shares Outstanding. Its annual sales at the moment are 24,380 K in contrast with the sum of -15,160 K annual income. Company’s last quarter sales were recorded 5,960 K and last quarter income was -4,330 K.

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