Look For Institutional Buying In 22nd Century Group Inc (NASDAQ: XXII)

22nd Century Group Inc (XXII) concluded trading on Wednesday at a closing price of $0.10, with 5.15 million shares of worth about $0.51 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -93.92% during that period and on October 30, 2024 the price saw a loss of about -3.74%. Currently the company’s common shares owned by public are about 45.70M shares, out of which, 36.87M shares are available for trading.

Stock saw a price change of -17.70% in past 5 days and over the past one month there was a price change of -44.16%. Year-to-date (YTD), XXII shares are showing a performance of -96.63% which decreased to -98.57% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.09 but also hit the highest price of $8.63 during that period. The average intraday trading volume for 22nd Century Group Inc shares is 6.57 million. The stock is currently trading -26.06% below its 20-day simple moving average (SMA20), while that difference is down -58.73% for SMA50 and it goes to -91.87% lower than SMA200.

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22nd Century Group Inc (NASDAQ: XXII) currently have 45.70M outstanding shares and institutions hold larger chunk of about 2.96% of that.

The stock has a current market capitalization of $4.59M and its 3Y-monthly beta is at 1.40. It has posted earnings per share of -$80.47 in the same period. It has Quick Ratio of 0.67. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for XXII, volatility over the week remained 9.46% while standing at 14.67% over the month.

Analysts are in expectations that 22nd Century Group Inc (XXII) stock would likely to be making an EPS of 0 in the current quarter, while forecast for next quarter EPS is 0 and it is 0 for next year. For the current quarter EPS, analysts have given the company a lowest target 0 which is 0 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -22.4 in the same quarter a year ago.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Alliance Global Partners on July 21, 2022 offering a Buy rating for the stock and assigned a target price of $5 to it. Coverage by Craig Hallum stated 22nd Century Group Inc (XXII) stock as a Buy in their note to investors on June 15, 2022, suggesting a price target of $5 for the stock. On March 08, 2022, ROTH Capital Initiated their recommendations, while on July 23, 2021, Cowen Initiated their ratings for the stock with a price target of $5. Stock get a Buy rating from Chardan Capital Markets on October 16, 2017.

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