How Will 22nd Century Group Inc (NASDAQ: XXII) Perform In Months To Come?

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22nd Century Group Inc (NASDAQ:XXII) has a beta value of 1.45 and has seen 2.8 million shares traded in the last trading session. The XXII stock price is -8530.0% off its 52-week high price of $8.63 and 10.0% above the 52-week low of $0.09. If we look at the company’s 10-day average daily trading volume, we find that it stood at 13.87 million shares traded. The 3-month trading volume is 6.73 million shares.

The consensus among analysts is that 22nd Century Group Inc (XXII) is Buy stock at the moment, with a recommendation rating of 2.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 2 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.

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

Sporting -3.67% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the XXII stock price touched $0.10 or saw a rise of 14.09%. Year-to-date, 22nd Century Group Inc shares have moved -96.65%, while the 5-day performance has seen it change -11.29%. Over the past 30 days, the shares of 22nd Century Group Inc (NASDAQ:XXII) have changed -45.64%. Short interest in the company has seen 0.65 million shares shorted with days to cover at 0.21.

Wall Street analysts have a consensus price target for the stock at $82.5, which means that the shares’ value could jump 99.88% from current levels. The projected low price target is $75.0 while the price target rests at a high of $90.0. In that case, then, we find that the current price level is -89900.0% off the targeted high while a plunge would see the stock gain -74900.0% from current levels.

22nd Century Group Inc (XXII) estimates and forecasts

The company’s shares have lost -94.02% over the past 6 months. Revenue growth from the last financial year stood is estimated to be -54.90%.

1 analysts offering their estimates for the company have set an average revenue estimate of 8.21M for the current quarter. 1 have an estimated revenue figure of 8.56M for the next ending quarter. Year-ago sales stood 24.01M and 17.81M respectively for this quarter and the next, and analysts expect sales will shrink by -65.80% for the current quarter and -54.90% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -49.91% over the past 5 years.

XXII Dividends

22nd Century Group Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

22nd Century Group Inc (NASDAQ:XXII)’s Major holders

Insiders own 17.01% of the company shares, while shares held by institutions stand at 2.98% with a share float percentage of 3.59%. Investors are also buoyed by the number of investors in a company, with 22nd Century Group Inc having a total of 43.0 institutions that hold shares in the company.