22nd Century Group Inc. (AMEX: XXII) is 13.18% higher on its value in year-to-date trading and has touched a low of $0.55 and a high of $3.13 in the current 52-week trading range. The XXII stock was last observed hovering at around $2.17 in the last trading session, with the day’s gains setting it 0.32% off its average median price target of $4.00 for the next 12 months. It is also 37.75% off the consensus price target high of $4.00 offered by 1 analysts, but current levels are 37.75% higher than the price target low of $4.00 for the same period.
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Currently trading at $2.49, the stock is 13.28% and 62.32% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.29 million and changing 14.75% at the moment leaves the stock 163.46% off its SMA200. XXII registered 128.44% gain for a year compared to 6-month gain of 219.23%. The firm has a 50-day simple moving average (SMA 50) of $1.9170 and a 200-day simple moving average (SMA200) of $1.0129.
The stock witnessed a 47.34% loss in the last 1 month and extending the period to 3 months gives it a 251.99%, and is 18.01% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 12.77% over the week and 14.78% over the month.
22nd Century Group Inc. (XXII) has around 67 employees, a market worth around $370.89M and $28.10M in sales. Profit margin for the company is -69.50%. Distance from 52-week low is 352.73% and -20.45% from its 52-week high. The company has generated returns on investments over the last 12 months (-40.40%).
22nd Century Group Inc. (XXII) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for 22nd Century Group Inc. (XXII) is a “Buy”. 1 analysts offering their recommendations for the stock, where 0 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
22nd Century Group Inc. is expected to release its quarterly report on 05/11/2021 and quarterly earnings per share for the current quarter are estimated at -$0.03 with sales reaching $6M over the same period.The EPS is expected to shrink by -229.20% this year, but quarterly earnings will post 3.70% year-over-year. Quarterly sales are estimated to shrink -17.40% in year-over-year returns.
22nd Century Group Inc. (XXII) Top Institutional Holders
90 institutions hold shares in 22nd Century Group Inc. (XXII), with 2.59M shares held by insiders accounting for 1.86% while institutional investors hold 20.78% of the company’s shares. The shares outstanding are 138.86M, and float is at 136.27M with Short Float at 7.26%. Institutions hold 20.40% of the Float.
The top institutional shareholder in the company is ETF Managers Group, LLC with over 9.96 million shares valued at $6.38 million. The investor’s holdings represent 7.17% of the XXII Shares outstanding. As of Sep 29, 2020, the second largest holder is Vanguard Group, Inc. (The) with 5.65 million shares valued at $3.62 million to account for 4.07% of the shares outstanding. The other top investors are Blackrock Inc. which holds 2.24 million shares representing 1.62% and valued at over $1.44 million, while Mirae Asset Global Investments Co., Ltd. holds 1.05% of the shares totaling 1.46 million with a market value of $0.93 million.
22nd Century Group Inc. (XXII) Insider Activity
A total of 3 insider transactions have happened at 22nd Century Group Inc. (XXII) in the last six months, with sales accounting for 1 and purchases happening 2 times. The most recent transaction is an insider purchase by MISH JAMES A, the company’s Chief Executive Officer. SEC filings show that MISH JAMES A bought 100,000 shares of the company’s common stock on Nov 17 at a price of $0.93 per share for a total of $92800.0. Following the purchase, the insider now owns 0.25 million shares.
22nd Century Group Inc. disclosed in a document filed with the SEC on Jun 29 that SULLIVAN NORA B (Director) bought a total of 22,000 shares of the company’s common stock. The trade occurred on Jun 29 and was made at $0.78 per share for $17160.0. Following the transaction, the insider now directly holds 0.31 million shares of the XXII stock.
22nd Century Group Inc. (XXII): Who are the competitors?
The company’s main competitors (and peers) include Philip Morris International Inc. (PM) that is trading -4.51% down over the past 12 months. Altria Group Inc. (MO) is -16.44% down on the 1-year trading charts. Short interest in the company’s stock has fallen -5.26% from the last report on Nov 12, 2020 to stand at a total of 10.41 million short shares sold with a short interest ratio of 2.07.