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What Did We Find About Insider Trading At 22nd Century Group Inc. (NASDAQ: XXII)?

22nd Century Group Inc. (NASDAQ:XXII) traded at $1.16 at close of the session on Monday, 01/23/23, made a downward move of -4.13% on its previous day’s price.

Looking at the stock we see that its previous close was $1.21 and the beta (5Y monthly) reads 1.77 with the day’s price range being $1.14 – $1.23. In terms of its 52-week price range, XXII has a high of $2.71 and a low of $0.82. The company’s stock has gained about 28.90% over that past 30 days.

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22nd Century Group Inc. has a market cap of $222.89 million and is expected to release its quarterly earnings report on Feb 27, 2023 – Mar 03, 2023. Estimates by analysts give the company expected earnings per share (EPS) of -$0.06, with the EPS growth for the year raised at -$0.22 for 2022 and -$0.2 for next year. These figures represent -4.80% and 9.10% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $19.9 million, with a low of $18.7 million and a high of $21.7 million. The median projection represents growth squeezing down to 154.80% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $64.79 million, or 109.40% up from figures reported last year.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the XXII stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 50% Sell.

Looking further, we note the current price level is 21.11% off its SMA20 and 10.60% from its 50-day simple moving average. The RSI (14) is pointing at 61.58 while the volatility over the past week is 11.60% and jumps to 9.14% over the past one month. The beta value is 1.85, while the average true range (ATR) is currently pointing at 0.09.

Let’s briefly compare 22nd Century Group Inc. (XXII) stock to its peers. We find that current price change of -4.13% and -46.05% over the past 12 months for XXII competes that of Philip Morris International Inc. (PM), which has seen its stock price fall -0.66% in the last trading session and was -0.85% over the last one year. Another of its peers Vector Group Ltd. (VGR) has gained 1.13% previous session, and was 7.80% up over the past year, while Altria Group Inc. (MO) was also down -0.29% in the last session, while its price remained in the red at -10.97% over the same period. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial were at 1.19% and 0.76%, respectively, at close of the trading.

Coming back to 22nd Century Group Inc. (NASDAQ:XXII), we note that the average 3-month trading volume was 1.35 million, while that of the preceding 10-day period stands at 1.19 million. Current shares outstanding are 210.13 million.

The insiders hold 0.50% of the company’s shares while institutions hold 21.30%. The data shows that short shares as of Oct 13, 2022, stood at 15.13 million at a short ratio of 8.39. This represents a 7.05% short interest in shares outstanding on Oct 13, 2022. Shares short fall in October from the previous month at 16.15 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 26.02% up in year-to-date price movement.

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