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 7.33%. Institutions hold 20.40% of the Float.
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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 2.25 million shares representing 1.62% and valued at over $4.96 million, while Mirae Asset Global Investments Co., Ltd. holds 1.02% of the shares totaling 1.42 million with a market value of $3.12 million.
22nd Century Group Inc. (AMEX: XXII) is 93.64% higher on its value in year-to-date trading and has touched a low of $0.55 and a high of $4.28 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The XXII stock was last observed hovering at around $4.14 in the last trading session, with the day’s gains setting it 0.12% off its average median price target of $7.00 for the next 12 months. It is also 39.14% off the consensus price target high of $7.00 offered by 1 analysts, but current levels are 39.14% higher than the price target low of $7.00 for the same period.
Currently trading at $4.26, the stock is 33.67% and 56.94% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.03 million and changing 2.90% at the moment leaves the stock 229.52% off its SMA200. XXII registered 341.54% gain for a year compared to 6-month gain of 548.99%. The firm has a 50-day simple moving average (SMA 50) of $2.9594 and a 200-day simple moving average (SMA200) of $1.5292.
The stock witnessed a 63.22% loss in the last 1 month and extending the period to 3 months gives it a 255.00%, and is 3.90% 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 8.95% over the week and 10.28% over the month.
22nd Century Group Inc. (XXII) has around 67 employees, a market worth around $571.48M and $28.10M in sales. Profit margin for the company is -69.50%. Distance from 52-week low is 674.55% and -0.47% 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) 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 -3.50% down over the past 12 months. Altria Group Inc. (MO) is -3.20% down on the 1-year trading charts. Short interest in the company’s stock has risen 5.31% from the last report on Dec 30, 2020 to stand at a total of 9.46 million short shares sold with a short interest ratio of 3.88.