ZERCHER MICHAEL Acquires 22nd Century Group Inc. (XXII) Shares

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BEPC Stock
BEPC Stock

22nd Century Group Inc. (NASDAQ:XXII) finished Wednesday with a subtraction of -$0.04 to close at $0.82, a downside of -5.03 percent. An average of 1,182,740 shares of common stock have been traded in the last five days. There was a fall of -$0.0799 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 1,083,255 shares traded, while the 50-day average volume stands at 1,440,054.

XXII stock has decreased by -26.79% in the last month. The company shares reached their 1-month lowest point of $0.8200 on 12/28/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $0.83 and a high of $3.35 in 52 weeks. It has reached a new high 1 time so far this year and lost -73.46% or -$2.2700 in price. In spite of this, the price is down -75.52% from the 52-week high.


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Insider Transactions

XXII stock investors should be aware that 22nd Century Group Inc. (XXII) stock had its last reported insider trading activity 120 days ago on Aug 31. In this transaction, the insider spent $500,565. Chief Administrative Officer, FRANZINO JOHN, disposed of 20,324 shares at a price of $1.69 on Jun 14. The insider now owns more than $34,443 worth of shares.

Valuation Metrics

22nd Century Group Inc. (XXII) stock’s beta is 1.89. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.34, the price-to-book (PB) ratio at 1.41.

Financial Health

The quick ratio of 22nd Century Group Inc. for the three months ended September 29 was 2.80, and the current ratio was 3.50, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.05 for the quarter ending September 29. Its gross profit as reported stood at $2.07 million compared to revenue of $30.95 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, 22nd Century Group Inc.’s return on assets was -47.00%.

Earnings Surprise

For the three-month period that ended September 29, 22nd Century Group Inc. had $23.57 million in cash and short-term investments compared to $0.25 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$11.5 million in the quarter, while revenues of -$8.92 million were grew 63.74%. The analyst consensus anticipated 22nd Century Group Inc.’s latest quarter earnings to come in at -$0.06 per share, but it turned out to be -$0.06, a 0.00% surprise. For the quarter, EBITDA amounted to -$13.91 million. Shareholders own equity worth $215.3 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at 22nd Century Group Inc. (XXII) price momentum. RSI 9-day as of the close on 28 December was 22.18%, suggesting the stock is oversold, with historical volatility in this time frame at 37.05%.

As of today, XXII’s price is $0.8601 -8.88% or -$0.0799 from its 5-day moving average. XXII is currently trading -28.07% lower than its 20-day SMA and -59.20% lower than its 100-day SMA. However, the stock’s current price level is -32.79% below the SMA50 and -60.58% below the SMA200.

The stochastic %K and %D were 15.40% and 14.63%, respectively, and the average true range (ATR) was 0.0637. With the 14-day stochastic at 0.00% and the average true range at 0.0727, the RSI (14) stands at 29.20%. The stock has reached -0.0397 on the 9-day MACD Oscillator while the 14-day reading was at -0.0767.

Analyst Ratings

Alliance Global Partners launched coverage on 22nd Century Group Inc. (NASDAQ: XXII) in its analyst report released on July 21, 2022. The firm assigned the stock a Buy rating. The consensus rating for 22nd Century Group Inc. (XXII) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell XXII, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 5 others rate it as a “buy”.

What is XXII’s price target for the next 12 months?

Analysts predict a range of price targets between $4.00 and $8.50, with a median target of $5.00. Taking a look at these predictions, the average price target given by analysts for 22nd Century Group Inc. (XXII) stock is $5.50.

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