22nd Century Group Inc. [AMEX: XXII] gained 13.17% on the last trading session, reaching $5.24 price per share at the time. The company report on June 7, 2021 that 22nd Century Advances Initiatives to Strengthen and Maximize Revenue Opportunities in Hemp/Cannabis Franchise.
Close Partnership With Aurora Cannabis Inc. to Enforce Shared Global Biosynthesis IP Rights Against Infringement and Actively Explore Commercial Development Opportunities; Monetization of Key Patented Technology Expected in Second Half of 2021.
Secures Strategic Partnerships With Two Leading Alkaloid Specialist Plant Breeders to Complete Full Scope of Upstream Capabilities.
22nd Century Group Inc. represents 152.40 million in outstanding shares, while the company has a total market value of $793.60 million with the latest information. XXII stock price has been found in the range of $4.25 to $5.25.
If compared to the average trading volume of 4.37M shares, XXII reached a trading volume of 7226526 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about 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 0.46, with the Price to Sales ratio for XXII stock in the period of the last 12 months amounting to 28.44. The Price to Book ratio for the last quarter was 14.56, with the Price to Cash per share for the same quarter was set at 0.20.
Trading performance analysis for XXII stock
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 16.44. With this latest performance, XXII shares gained by 23.88% in over the last four-week period, additionally plugging by 204.65% over the last 6 months – not to mention a rise of 562.79% 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 63.80, with the RSI for the last a single of trading hit 68.76, and the three-weeks RSI is set at 61.27 for 22nd Century Group Inc. [XXII]. The present Moving Average for the last 50 days of trading for this stock 4.17, while it was recorded at 4.74 for the last single week of trading, and 2.40 for the last 200 days.
22nd Century Group Inc. [XXII]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and 22nd Century Group Inc. [XXII] shares currently have an operating margin of -67.61 and a Gross Margin at +0.33. 22nd Century Group Inc.’s Net Margin is presently recorded at -70.12.
Return on Total Capital for XXII is now -35.06, given the latest momentum, and Return on Invested Capital for the company is -36.90. Return on Equity for this stock declined to -37.13, with Return on Assets sitting at -32.68. 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 1.78. Additionally, XXII Total Debt to Total Capital is recorded at 1.75, with Total Debt to Total Assets ending up at 1.52.
Reflecting on the efficiency of the workforce at the company, 22nd Century Group Inc. [XXII] managed to generate an average of -$294,194 per employee. Receivables Turnover for the company is 18.58 with a Total Asset Turnover recorded at a value of 0.47.22nd Century Group Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.90 and a Current Ratio set at 5.20.
22nd Century Group Inc. [XXII]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, 22nd Century Group Inc. posted -0.04/share EPS, while the average EPS was predicted by analysts to be reported at -0.04/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for XXII.
An analysis of insider ownership at 22nd Century Group Inc. [XXII]
There are presently around $193 million, or 29.00% 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 13,304,013, which is approximately 98.935% of the company’s market cap and around 2.30% of the total institutional ownership; VANGUARD GROUP INC, holding 6,169,410 shares of the stock with an approximate value of $32.33 million in XXII stocks shares; and BLACKROCK INC., currently with $13.92 million in XXII stock with ownership of nearly 17.902% of the company’s market capitalization.
Positions in 22nd Century Group Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 56 institutional holders increased their position in 22nd Century Group Inc. [AMEX:XXII] by around 13,035,808 shares. Additionally, 36 investors decreased positions by around 2,098,999 shares, while 28 investors held positions by with 21,673,983 shares. The mentioned changes placed institutional holdings at 36,808,790 shares, according to the latest SEC report filing. XXII stock had 24 new institutional investments in for a total of 1,598,060 shares, while 16 institutional investors sold positions of 261,711 shares during the same period.