The price of 22nd Century Group Inc (NASDAQ: XXII) closed at $0.16 in the last session, up 0.81% from day before closing price of $0.16. In other words, the price has increased by $+0.0013 from its previous closing price. On the day, 558025 shares were traded.
Ratios:
We take a closer look at XXII’s different ratios to gain a better understanding of the stock. 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.
On June 15, 2022, Craig Hallum started tracking the stock assigning a Buy rating and target price of $5.
On March 08, 2022, ROTH Capital started tracking the stock assigning a Buy rating and target price of $6.ROTH Capital initiated its Buy rating on March 08, 2022, with a $6 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jan 05 ’24 when Arno Andrew bought 100,000 shares for $0.17 per share. The transaction valued at 17,490 led to the insider holds 100,000 shares of the business.
FIRESTONE LAWRENCE bought 100,000 shares of XXII for $17,360 on Jan 04 ’24. The Chief Executive Officer now owns 100,000 shares after completing the transaction at $0.17 per share.
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 7.04M and an Enterprise Value of 31.27M. 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 0.25. Its current Enterprise Value per Revenue stands at 0.37 whereas that against EBITDA is -0.44.
Stock Price History:
Over the past 52 weeks, XXII has reached a high of $14.69, while it has fallen to a 52-week low of $0.13. The 50-Day Moving Average of the stock is 0.1688, while the 200-Day Moving Average is calculated to be 2.0724.
Shares Statistics:
According to the various share statistics, XXII traded on average about 1.23M shares per day over the past 3-months and 955.05k shares per day over the past 10 days. A total of 43.78M shares are outstanding, with a floating share count of 43.18M. Insiders hold about 1.38% of the company’s shares, while institutions hold 12.75% stake in the company. Shares short for XXII as of Feb 15, 2024 were 1.76M with a Short Ratio of 1.44, compared to 1.06M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.03% and a Short% of Float of 4.04%.
Earnings Estimates
The company has 2 analysts who recommend its stock at the moment. 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 -$1.03, with 2 analysts recommending between -$0.41 and -$1.65.
Revenue Estimates
According to 2 analysts, the current quarter’s revenue is expected to be $17.1M. 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 $15.46M, a decrease of -29.60% less 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 $6.8M.
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 $73.67M in the next fiscal year. The high estimate is $120.34M and the low estimate is $27M. The average revenue growth estimate for next year is down -8.30% from the average revenue estimate for this year.
