In the last trading session, 2,670,375 shares of the 22nd Century Group, Inc.(NYSE:XXII) were traded, and its beta was 1.75. Most recently the company’s share price was $4.14, and it changed around $0.14 or 0.04% from the last close, which brings the market valuation of the company to $574.88 Million. XXII currently trades at a discount to its 52-week high of $4.28, offering almost -3.38% off that amount. The share price’s 52-week low was $0.55, which indicates that the current value has risen by an impressive 86.71% since then. We note from 22nd Century Group, Inc.’s average daily trading volume that its 10-day average is 5.28 Million shares, with the 3-month average coming to 3.57 Million.
22nd Century Group, Inc. stock received a consensus recommendation rating of Buy, based on a mean score of 0. If we narrow it down even further, the data shows that none out of 1 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, no body recommended XXII as a Hold, whereas 1 deemed it a Buy, and no one rated it as Underweight. 22nd Century Group, Inc. is expected to report earnings per share of -$0.03 for the current quarter.
22nd Century Group, Inc. (NYSE:XXII): Trading Information
Instantly XXII has showed a green trend with a performance of 3.5% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of $4.26- on Tuesday, Feb 16 increased the stock’s daily price by 2.82%. The company’s shares are currently up 0.88% year-to-date, but still up 0.1129 over the last five days. On the other hand, 22nd Century Group, Inc. (NYSE:XXII) is 0.57% up in the 30-day period. We can see from the shorts that 9.99 Million shares have been sold at a short interest cover period of 2.8 day(s).
The consensus price target as assigned by Wall Street analysts is $4, which translates to bears needing to reduce their stock price by -3.38% from its current value. Analyst projections state that XXII is forecast to be at a low of $4 and a high of $4. In order for the stock price to hit the forecast high, the stock would need to surge -3.38% from its current level, while the stock would need to crash -3.38% from its current level to reach the projected low.
22nd Century Group, Inc. (XXII) projections and forecasts
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 4.1%. 22nd Century Group, Inc. earnings are expected to decrease by -229.2% in 2021, but the outlook is negative 0% per year for the next five years.
22nd Century Group, Inc. (NYSE:XXII)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 1.86% of 22nd Century Group, Inc. shares, and 20.4% of them are in the hands of institutional investors. The stock currently has a share float of 20.78%. 22nd Century Group, Inc. stock is held by 90 institutions, with ETF Managers Group, LLC being the largest institutional investor. By Sep 29, 2020, it held 7.17% of the shares, which is about 9.96 Million shares worth $6.38 Million.
Vanguard Group, Inc. (The), with 4.07% or 5.65 Million shares worth $3.62 Million as of Sep 29, 2020, holds the second largest percentage of outstanding shares.
Even if you’re not actively in crypto, you deserve to know what’s actually going on...
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.