A Closer Look At 22nd Century Group Inc. (XXII)’s Financials

As of Friday close, 22nd Century Group Inc.’s (NASDAQ:XXII) stock was up $0.11, moving up 7.01 percent to $1.68. The average number of shares traded per day over the past five days has been 2,653,760 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.0800 fall in that time frame. In the last twenty days, the average volume was 1,480,140, while in the previous 50 days, it was 1,529,204.

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Since last month, XXII stock retreated -24.66%. Shares of the company fell to $1.4200 on 05/12/22, the lowest level in the past month. A 52-week high of $5.25 was reached on 01/03/22 after having rallying from a 52-week low of $1.42. Since the beginning of this year, XXII’s stock price has dropped by -45.63% or -$1.4100, and marked a new high 1 time. However, the stock has declined by -68.00% since its 52-week high.

22nd Century Group Inc. (XXII) last reported insider trading activity 151 days ago on Dec 14. ZERCHER MICHAEL, the President and COO of the company, disposed of 23,147 shares for $2.16 on Dec 14. It resulted in a $50,037 divestment by the insider. MISH JAMES A added 20,000 shares at an average price of $2.88 on Sep 30. The insider now owns 668,475 shares following the transaction. On Jun 10, Director FLEET CLIFFORD B sold 125,000 shares at $4.78 apiece. The transaction was valued at $597,500.

Valuation Metrics

The stock’s beta is 2.02. Besides these, the trailing price-to-sales (P/S) ratio of 9.20, the price-to-book (PB) ratio of 4.10.

Financial Health

In the three months ended September 29, 22nd Century Group Inc.’s quick ratio stood at 6.10, while its current ratio was 6.50, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 6.70% percent. In the year ended September 29, operating margins totaled -85.00%. Based on annual data, XXII earned $2.07 million in gross profit and brought in $30.95 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -42.60%. Return on equity (ROE) for the past 12 months was -35.20%.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. XXII’s revenue rose 24.75% to $7.96 million during the quarter, while net income inched up to $9.05 million. While analysts expected 22nd Century Group Inc. to report -$0.04 quarterly earnings, the actual figure was -$0.06 per share. During the quarter, the company generated -$7.72 million in EBITDA. The liabilities of 22nd Century Group Inc. were 8.51 million at the end of its most recent quarter ended September 29, and its total debt was $2.26 million. The value of shareholders’ equity is $164.54 million.

Technical Picture

This quick technical analysis looks at 22nd Century Group Inc.’s (XXII) price momentum. With a historical volatility rate of 76.25%, the RSI 9-day stood at 38.71% on 13 May.

With respect to its five-day moving average, the current 22nd Century Group Inc. price is down by -4.55% percent or -$0.0800. At present, XXII shares trade -20.38% below its 20-day simple moving average and -21.50% percent below its 100-day simple moving average. However, the stock is currently trading approximately -22.94% below its SMA50 and -49.09% below its SMA200.

Stochastic coefficient K was 21.88% and Stochastic coefficient D was 12.26%, while ATR was 0.1486. Given the Stochastic reading of 39.39% for the 14-day period, the RSI (14) reading has been calculated as 37.27%. As of today, the MACD Oscillator reading stands at -0.1200, while the 14-day reading stands at -0.2110.


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