22nd Century Group Inc. [XXII] Stock trading around $2.15 per share: What’s Next?

22nd Century Group Inc. [AMEX: XXII] stock went on an upward path that rose over 20.79% on Thursday, amounting to a one-week price increase of more than 25.00%. The company report on December 8, 2020 that 22nd Century Receives Order for 3.6 Million New SPECTRUM® Variable Nicotine Cigarettes for U.S. Government-Supported Research.

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The Company’s Research Cigarettes Continue to Fuel Studies Adding to the Vast Body of Research Supporting a National Nicotine Standard for Combustible Cigarettes.

22nd Century Group, Inc. (NYSE American: XXII), a leading plant-based, biotechnology company that is focused on tobacco harm reduction, announced that the U.S. Food and Drug Administration (FDA) in coordination with the National Institute on Drug Abuse (NIDA) and others, has submitted an order to 22nd Century for 3.6 million variable nicotine research cigarettes. The Company’s research cigarettes will continue to fuel numerous independent, scientific studies to validate the enormous public health benefits identified by the FDA and others of implementing a national standard requiring all cigarettes to contain minimally or non-addictive levels of nicotine.

Over the last 12 months, XXII stock rose by 135.62%.

The market cap for the stock reached $303.80 million, with 138.86 million shares outstanding and 136.25 million shares in the current float. Compared to the average trading volume of 1.89M shares, XXII stock reached a trading volume of 5477843 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on 22nd Century Group Inc. [XXII]:

Chardan Capital Markets have made an estimate for 22nd Century Group Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 16, 2017. While these analysts kept the previous recommendation, Chardan Capital Markets dropped their target price from $4.50 to $3.50. The new note on the price target was released on August 11, 2016, representing the official price target for 22nd Century Group Inc. stock.

The Average True Range (ATR) for 22nd Century Group Inc. is set at 0.19, with the Price to Sales ratio for XXII stock in the period of the last 12 months amounting to 10.81. The Price to Book ratio for the last quarter was 5.97, with the Price to Cash per share for the same quarter was set at 0.19.

XXII Stock Performance Analysis:

22nd Century Group Inc. [XXII] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 25.00. With this latest performance, XXII shares gained by 158.94% in over the last four-week period, additionally plugging by 142.04% over the last 6 months – not to mention a rise of 135.62% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for XXII stock in for the last two-week period is set at 76.39, with the RSI for the last a single of trading hit 77.81, and the three-weeks RSI is set at 75.70 for 22nd Century Group Inc. [XXII]. The present Moving Average for the last 50 days of trading for this stock 1.06, while it was recorded at 1.82 for the last single week of trading, and 0.82 for the last 200 days.

Insight into 22nd Century Group Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and 22nd Century Group Inc. [XXII] shares currently have an operating margin of -86.81 and a Gross Margin at -5.46. 22nd Century Group Inc.’s Net Margin is presently recorded at -102.81.

Return on Total Capital for XXII is now -32.89, given the latest momentum, and Return on Invested Capital for the company is -39.39. Return on Equity for this stock declined to -39.84, with Return on Assets sitting at -36.32. When it comes to the capital structure of this company, 22nd Century Group Inc. [XXII] has a Total Debt to Total Equity ratio set at 2.38. Additionally, XXII Total Debt to Total Capital is recorded at 2.32, with Total Debt to Total Assets ending up at 2.14. Long-Term Debt to Equity for the company is recorded at 1.09, with the Long-Term Debt to Total Capital now at 1.06.

Reflecting on the efficiency of the workforce at the company, 22nd Century Group Inc. [XXII] managed to generate an average of -$396,396 per employee. Receivables Turnover for the company is 29.72 with a Total Asset Turnover recorded at a value of 0.35.22nd Century Group Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.70 and a Current Ratio set at 5.10.

22nd Century Group Inc. [XXII] Insider Position Details

There are presently around $54 million, or 23.40% of XXII stock, in the hands of institutional investors. The top three institutional holders of XXII stocks are: ETF MANAGERS GROUP, LLC with ownership of 9,962,568, which is approximately -28.213% of the company’s market cap and around 0.40% of the total institutional ownership; VANGUARD GROUP INC, holding 5,646,735 shares of the stock with an approximate value of $12.14 million in XXII stocks shares; and BLACKROCK INC., currently with $4.83 million in XXII stock with ownership of nearly -0.258% of the company’s market capitalization.

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Positions in 22nd Century Group Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 24 institutional holders increased their position in 22nd Century Group Inc. [AMEX:XXII] by around 1,146,177 shares. Additionally, 45 investors decreased positions by around 7,604,694 shares, while 30 investors held positions by with 16,414,430 shares. The mentioned changes placed institutional holdings at 25,165,301 shares, according to the latest SEC report filing. XXII stock had 8 new institutional investments in for a total of 275,619 shares, while 19 institutional investors sold positions of 1,045,851 shares during the same period.

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