After finishing at $0.23 in the prior trading day, 22nd Century Group Inc (NASDAQ: XXII) closed at $0.24, up 2.41%. In other words, the price has increased by $+0.0056 from its previous closing price. On the day, 743305 shares were traded. XXII stock price reached its highest trading level at $0.2429 during the session, while it also had its lowest trading level at $0.2310.
Ratios:
Our goal is to gain a better understanding of XXII by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.62 and its Current Ratio is at 1.02. In the meantime, Its Debt-to-Equity ratio is 1.96 whereas as Long-Term Debt/Eq ratio is at 0.46.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Alliance Global Partners on July 21, 2022, initiated with a Buy rating and assigned the stock a target price of $5.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, XXII now has a Market Capitalization of 7.27M and an Enterprise Value of 31.50M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.09 while its Price-to-Book (P/B) ratio in mrq is 0.36. Its current Enterprise Value per Revenue stands at 0.38 whereas that against EBITDA is -0.44.
Stock Price History:
Over the past 52 weeks, XXII has reached a high of $18.98, while it has fallen to a 52-week low of $0.20. The 50-Day Moving Average of the stock is 0.5047, while the 200-Day Moving Average is calculated to be 5.5987.
Shares Statistics:
The stock has traded on average 981.50K shares per day over the past 3-months and 2.55M shares per day over the last 10 days, according to various share statistics. A total of 30.88M shares are outstanding, with a floating share count of 30.40M. Insiders hold about 1.54% of the company’s shares, while institutions hold 8.65% stake in the company. Shares short for XXII as of Nov 14, 2023 were 1.49M with a Short Ratio of 1.49M, compared to 3.73M on Oct 12, 2023. Therefore, it implies a Short% of Shares Outstanding of 4.84% and a Short% of Float of 4.86%.
Earnings Estimates
Its stock is currently analyzed by 2 different market analysts. On average, analysts expect EPS of -$0.55 for the current quarter, with a high estimate of -$0.47 and a low estimate of -$0.64, while EPS last year was -$1.8. The consensus estimate for the next quarter is -$0.54, with high estimates of -$0.54 and low estimates of -$0.54.
Analysts are recommending an EPS of between -$6.57 and -$7.19 for the fiscal current year, implying an average EPS of -$6.88. EPS for the following year is -$1.23, with 2 analysts recommending between -$0.81 and -$1.65.
Revenue Estimates
2 analysts predict $17.1M in revenue for the current quarter. It ranges from a high estimate of $18.71M to a low estimate of $15.5M. As of the current estimate, 22nd Century Group Inc’s year-ago sales were $19.21M, an estimated decrease of -11.00% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $20.46M, a decrease of -6.80% over than the figure of -$11.00% in the same quarter last year. There is a high estimate of $24.11M for the next quarter, whereas the lowest estimate is $16.8M.
A total of 2 analysts have provided revenue estimates for XXII’s current fiscal year. The highest revenue estimate was $81.91M, while the lowest revenue estimate was $78.7M, resulting in an average revenue estimate of $80.3M. In the same quarter a year ago, actual revenue was $62.11M, up 29.30% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $97.42M in the next fiscal year. The high estimate is $120.34M and the low estimate is $74.5M. The average revenue growth estimate for next year is up 21.30% from the average revenue estimate for this year.
