22nd Century Group Inc (NASDAQ:XXII) shares, rose in value, with the stock price up by 140.54% to the previous day’s close as strong demand from buyers drove the stock to $3.56.
Actively observing the price movement in the last trading, the stock closed the session at $1.48. The value of beta (5-year monthly) was 1.54. Referring to stock’s 52-week performance, its high was $180.91, and the low was $1.45. On the whole, XXII has fluctuated by 37.26% over the past month.
With the market capitalization of 22nd Century Group Inc currently standing at about $12.39 million, investors are eagerly awaiting this quarter’s results, scheduled for Mar 14, 2024 – Mar 19, 2024.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that XXII’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of XXII currently trading nearly 74.46% and 52.06% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 70.77, while the 7-day volatility ratio is showing 47.55% which for the 30-day chart, stands at 20.64%. Furthermore, 22nd Century Group Inc (XXII)’s beta value is 1.51, and its average true range (ATR) is 0.44.
A comparison of 22nd Century Group Inc (XXII) with its peers suggests the former has fared considerably weaker in the market. XXII showed an intraday change of 140.54% in last session, and over the past year, it shrunk by -97.92%%.
Data on historical trading for 22nd Century Group Inc (NASDAQ:XXII) indicates that the trading volumes over the past 10 days have averaged 0.13 million and over the past 3 months, they’ve averaged 98.03K. According to company’s latest data on outstanding shares, there are 3.48 million shares outstanding.
Nearly 0.00% of 22nd Century Group Inc’s shares belong to company insiders and institutional investors own 10.02% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.15 million shares as on Mar 15, 2024, resulting in a short ratio of 2.45. According to the data, the short interest in 22nd Century Group Inc (XXII) stood at 0.35% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 0.11 million. The stock has risen by 19.50% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the XXII stock heading into the next quarter.
