Taking into account all relevant factors, 22nd Century Group, Inc. (NYSE:XXII) scores 72% Sell on the technical side. The share price is also flashing a Hold from the Barchart TrendSpotter trading system. Investors starting out on a short-term path of investing should know that short terms indicators for XXII averaged 50% Sell with an average daily trading volume over the past 20 days at 2523148 shares. Those using medium-term investment strategies, the shares have overall a 0.75% Sell signal while the 50-day average daily volume remained almost 2402943 shares. It’s also important to note that the stock, whose average daily volume over the 100 days as of this piece was 1693974 shares, is signaling100% Sell for long term investors.
The stock is lingering around the initial support level of $1.01. After this, the following support is at the zone of $0.98. Up until the time the XXII stock hit levels beyond the current one, bulls should have no alarm. In terms of its momentum, the stock’s RSI hit 51.58 on the daily chart, and this may be a cause for concern. In case the price goes below $0.98 level on closing basis, there may be more profit booking with the stock growing weaker. Still, getting to the $1.04 level may cause a pull-back move approaching $1.05 mark.
22nd Century Group, Inc. (XXII) is most likely going to rise 926.79 percent in the coming 12 months, as per price target approximations compiled by finviz. Nevertheless, they have set the price target at a $11.5 as 12-month high price target. This represents a whopping 926.79 percent increase from the current trading price of shares. The 52-week median price target given by the analysts is $11.5, which means a return possibility of 926.79 percent in comparison with the closing price of the stock of $1.12 in recent trading session. The lowest price set for the stock is $11.5 which is just above 926.79 percent from XXII share’s price at the end of session.
Let’s take a glimpse at some insider activity at 22nd Century Group, Inc. (NYSE:XXII) and observe the pattern. The earliest insider trade happened on 08/27/2019. FLEET CLIFFORD B gathered a total of 100 thousand shares of the firm at average share price of $1.9. The total amount for the purchase was set at $190 thousand. On completing this exchange, the President and CEO account balance was 100 thousand shares. The stock lost -47.37 percent from that insider purchase. On 06/17/2019, JAMES THOMAS L., VP, General Counsel & Sec’y., did a sale of 48 thousand shares at a price of $2.11 per share. This got rid of 101.28 thousand shares from the insider’s fortune and the stock experienced a -52.61 percent retreat in price since the news became public. This exchange saw 80 thousand shares get out from the VP, General Counsel & Sec’y. account. On 06/29/2018, VP, General Counsel & Sec’y. JAMES THOMAS L. recorded a sale transaction valued at $122 thousand. The sale at $2.44 a share has eliminated 50 thousand shares from the insider’s portfolio position. Meanwhile, shares price witnessed -59.02 percent decrease since the transaction reporting date. The company insider is left with 50 thousand shares remaining in the account. Moynihan Michael Robert, who works as Vice President of R&D at the company, performed a sale of 50 thousand shares in a transaction worth $133.5 thousand. The disposal recorded on 09/29/2017 was priced at $2.67 per share. The stock price plunged -62.55 percent since the transaction. Moynihan Michael Robert currently holds a stake of 867.22 thousand in XXII stock which is worth $971.29 thousand after the insider selling.
In the recent trading session, 22nd Century Group, Inc. (NYSE:XXII) shares gained 8.25% or 0.09 points to reach at $1.12 with a heavy trading volume of 2.819 million shares. It opened the trading session at $1.02, the shares rose to $1.03 and dropped to $0.99, the range by which the price of stock traded the whole session. The company now has a market cap of $138 million and currently has 134.46 million outstanding shares. 22nd Century Group, Inc. (XXII) stock has accumulated 9.38 percent of market value in 21 trading days.
Stock analysts at Chardan Capital Markets lifted target price for 22nd Century Group, Inc. (NYSE:XXII) shares but reaffirmed their Buy recommendation for the stock in their opinion released on October 16. The price target has been increased from $3.50 to $11.50. Chardan Capital Markets analysts again handed out a Buy rating to XXII shares but they lifted target price for the firm in a flash note to investors on August 11. The price target has been raised from $4.50 to the new $3.50. Chardan Capital Markets, analysts launched coverage of XXII shares with a Buy recommendation, according to their flash note to investors on August 11.
XXII stock’s trailing 3-year beta is 1.14, meaning there will be a greater rate of return, although posing a higher risk. The part of a firm’s profit given to each outstanding share of regular stock was -$0.23 share in the trailing 52 weeks. The stock’s value fallen -6.36 percent year to date (YTD) compared to a decline of -55.98 percent in 52 week’s period. The firm’s shares are still trading -56.95 percent below its 1-year high of $2.59 and 59.19 percent up from 52-week low of $0.70. The average consensus ranking on the company is 0, on a ranging where 5 is equal to a consensus sell rating. In other words, the mean analyst recommendations are ranking this stock as a buy.
22nd Century Group, Inc. (XXII) shares are trading at a P/E ratio of -4.26 times earnings posted in the trailing 12 months. It is additionally sporting a 11.02 on the Price-to-Sales ratio, compared to the industry’s P/S average of 1.87. 22nd Century Group, Inc. has a 1.2% gross profit margin, with its operating margin around -100%.
Past records have indicated that shares in 22nd Century Group, Inc. declined on 9 different earnings reaction days and we have yet to see whether this trend will play out and remain in place when the company reports upcoming earnings.