22nd Century Group Inc (NASDAQ: XXII) Stock Forecast for 2023 with -89900.0% Downside

In the last trading session, 7.08 million 22nd Century Group Inc (NASDAQ:XXII) shares changed hands as the company’s beta touched 1.50. With the company’s per share price at $0.10 changed hands at $0.0 or 0.60% during last session, the market valuation stood at $4.45M. XXII’s last price was a discount, traded about -5180.0% off its 52-week high of $5.28. The share price had its 52-week low at $0.08, which suggests the last value was 20.0% up since then. When we look at 22nd Century Group Inc’s average trading volume, we note the 10-day average is 8.7 million shares, with the 3-month average coming to 8.93 million.

Analysts gave the 22nd Century Group Inc (XXII) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.00. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended XXII as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight.

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

Instantly XXII was in green as seen at the end of in last trading. With action 6.27%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -96.64%, with the 5-day performance at 6.27% in the green. However, in the 30-day time frame, 22nd Century Group Inc (NASDAQ:XXII) is -3.47% down. Looking at the short shares, we see there were 0.24 million shares sold at short interest cover period of 0.03 days.

The consensus price target for the stock as assigned by Wall Street analysts is 82.5, meaning bulls need an upside of 99.88% from its current market value. According to analyst projections, XXII’s forecast low is 75 with 90 as the target high. To hit the forecast high, the stock’s price needs a -89900.0% plunge from its current level, while the stock would need to soar -74900.0% for it to hit the projected low.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -49.91%.

XXII Dividends

22nd Century Group Inc is expected to release its next quarterly earnings report in January.

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

If we look at who the major shareholders are, we find that insiders hold 16.77% of 22nd Century Group Inc shares while 9.80% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 11.78%.