Future Prospects And Stock Pricing Of 22nd Century Group Inc. (NASDAQ: XXII) – Marketing Sentinel
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Future Prospects And Stock Pricing Of 22nd Century Group Inc. (NASDAQ: XXII)

In today’s recent session, 11.24 million shares of the 22nd Century Group Inc. (NASDAQ:XXII) have been traded, and its beta is 1.89. Most recently the company’s share price was $2.08, and it changed around $0.45 or 27.30% from the last close, which brings the market valuation of the company to $282.87M. XXII at last check was trading at a discount to its 52-week high of $4.98, offering almost -139.42% off that amount. The share price’s 52-week low was $1.42, which indicates that the recent value has risen by an impressive 31.73% since then. We note from 22nd Century Group Inc.’s average daily trading volume that its 10-day average is 1.87 million shares, with the 3-month average coming to 1.34 million.

22nd Century Group Inc. stock received a consensus recommendation rating of a Buy, based on a mean score of 2.00. If we narrow it down even further, the data shows that 0 out of 4 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended XXII as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight. 22nd Century Group Inc. is expected to report earnings per share of -$0.06 for the current quarter.

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22nd Century Group Inc. (NASDAQ:XXII) trade information

Instantly XXII has been showing a green trend so far today with a performance of 27.30% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 2.3200 on Tuesday, 06/21/22 increased the stock’s daily price by 10.34%. The company’s shares are currently down -47.25% year-to-date, but still down -1.21% over the last five days. On the other hand, 22nd Century Group Inc. (NASDAQ:XXII) is -7.39% down in the 30-day period. We can see from the shorts that 14.42 million shares have been sold at a short interest cover period of 14.2 day(s).

The consensus price target as assigned by Wall Street analysts is $6.13, which translates to bulls needing to increase their stock price by 66.07% from its current value. Analyst projections state that XXII is forecast to be at a low of $5.00 and a high of $8.50. In order for the stock price to hit the forecast high, the stock would need to plunge -308.65% from its current level, while the stock would need to crash -140.38% from its current level to reach the projected low.

22nd Century Group Inc. (XXII) estimates and forecasts

22nd Century Group Inc. share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -30.04 percent over the past six months and at a -17.65% annual growth rate that is well below the industry average of 0.10%. The year-over-year growth rate is expected to be 29.10%, up from the previous year.

Consensus estimates provided by 3 financial analysts predict the company will bring in an average of $9.25 million in revenue for the current quarter. 3 analysts expect 22nd Century Group Inc. to make $9.98 million in revenue for the quarter ending Sep 2022. Forecasts for the next quarter put sales growth at 27.80%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -7.60%.

XXII Dividends

22nd Century Group Inc.’s next quarterly earnings report is expected to be released around March 09 and March 14.

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