22nd Century Group Inc (NASDAQ: XXII) stock jumped 1.79% on Monday to $0.28 against a previous-day closing price of $0.28. With 1.02 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.67 million shares. The 52-week range on XXII shows that it touched its highest point at $19.80 and its lowest point at $0.27 during that stretch. It currently has a 1-year price target of $3.53. Beta for the stock currently stands at 1.64.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of XXII was down-trending over the past week, with a drop of -24.42%, but this was down by -46.23% over a month. Three-month performance dropped to -86.17% while six-month performance fell -97.15%. The stock lost -98.54% in the past year, while it has lost -97.94% so far this year. A look at the trailing 12-month EPS for XXII yields -8.18 with Next year EPS estimates of -0.95. For the next quarter, that number is -0.66. This implies an EPS growth rate of -8.75% for this year and 81.28% for next year.
Float and Shares Shorts:
At present, 30.88 million XXII shares are outstanding with a float of 30.40 million shares on hand for trading. On Oct 30, 2023, short shares totaled 1.85 million, which was 6.46% higher than short shares on Sep 28, 2023. In addition to XXII as the firm’s 22nd Century Group, Inc, RXII serves as its RXII.
Institutional Ownership:
Through their ownership of 13.63% of XXII’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 4.93% of XXII, in contrast to 4.45% held by mutual funds. As the largest shareholder in XXII with 2.20% of the stake, The Vanguard Group, Inc. holds 629,704 shares worth 629,704. A second-largest stockholder of XXII, Halpern Financial, Inc., holds 466,353 shares, controlling over 1.63% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in XXII, holding 325,466 shares or 1.14% stake. With a 1.42% stake in XXII, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 405,692 shares are owned by the mutual fund manager. The ETFMG Alternative Harvest ETF, which owns about 1.10% of XXII stock, is the second-largest Mutual Fund holder. It holds 314,751 shares valued at 0.14 million. Vanguard Extended Market Index Fu holds 0.73% of the stake in XXII, owning 208,856 shares worth 93776.0.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for XXII since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With XXII analysts setting a high price target of $5.00 and a low target of $2.25, the average target price over the next 12 months is $3.53. Based on these targets, XXII could surge 1685.71% to reach the target high and rise by 703.57% to reach the target low. Reaching the average price target will result in a growth of 1160.71% from current levels.
Summary of Insider Activity:
Insiders traded XXII stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 10 while that of sell transactions has risen to 4 over the past year. The total number of shares bought during that period was 2,043,939 while 316,030 shares were sold.
