22nd Century Group, Inc. (XXII) Stock: Here’s Why It’s Headed For The Top

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22nd Century Group, Inc. (XXII) is trending up in the market today. The company, focused in the biotech sector, is currently priced at $2.37 after climbing 7.25% so far in today’s session. As it relates to biotech companies, there are a number of aspects that have the ability to lead to gains in the market. News tends to be one of the biggest reasons for the movement. Here are the recent trending headlines relating to XXII:

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Sep-12-19 07:28AM Trump May Ban Flavored E-Cigarettes: Who Wins, Who Loses
Sep-06-19 07:51AM 3 Pot Stocks to Avoid Like the Plague in September
Sep-03-19 07:21AM Only These 10 Pot Stocks Ended August Higher
Aug-31-19 07:30AM 3 Best Marijuana Stocks of August — Are They Buys Now?
Aug-28-19 06:15PM 22nd Century Group Inc (XXII) President and CEO Clifford B Fleet Bought $190,000 of Shares

Nonetheless, any time investors are making a decision to invest, prospective investors should look at much more than just news, this is especially the case in the speculative biotech industry. Here’s what’s happening with 22nd Century Group, Inc..

The Performance That XXII Investors Have Experienced

While a gain in a single session, like the gain that we’re seeing from 22nd Century Group, Inc. might cause excitement in some investors, a single session move by itself should not be the basis of a decision to, or not to, invest in a company. It is generally a good idea to dig into trends experienced by the stock for a period longer than a single trading session. In the case of XXII, below are the returns on investment that investors have seen:

  • Past Seven Days – Over the last week, XXII has produced a price change amounting to 13.92%.
  • Monthly – The return on investment from 22nd Century Group, Inc. over the last month works out to 16.93%.
  • Past Three Months – Throughout the past three months, the stock has generated a return on investment of 9.41%
  • Past 6 Months – Throughout the last six months, investors have seen a change that works out to 11.62% from the company.
  • Year To Date – Since the the first trading session of this year XXII has generated a return of -11.24%.
  • Annually – Lastly, in the past year, we have seen performance amounting to -20.22% from XXII. Throughout this period, the stock has sold at a high of -27.96% and a low of 111.62%.

Rations That You Should Think About

Looking at various key ratios having to do with a stock can provide traders a view of just how dangerous and/or rewarding a an investment option might be. Below are some of the important ratios to look at when looking at XXII.

Short Ratio – The short ratio is a measure of short interest. As the short ratio heads up, it shows that more investors are expecting that the price of the stock is headed for declines. Throughout the sector, biotech stocks can have a higher short ratio. However, we tend to see a lot of short squeezes in the sector. Nonetheless, when it comes to 22nd Century Group, Inc., it’s short ratio comes to 16.73.

Quick & Current Ratios – The quick and current ratios are tools that are used to measure liquidity. Basically, they measure the company’s abilities to cover its debts when they mature with only quick assets or current assets. In the biotech sector, several companies rely heavily on continued support from investors, these ratios can seem damning. Nonetheless, several better companies in the biotech sector come with positive quick and current ratios. In terms of XXII, the quick and current ratios add up to 6.80 and 7.30 respectively.  

Book To Share Value – The book to share value ratio compares the the share price to the book value of assets owned by the company. In the case of 22nd Century Group, Inc., the book to share value ratio works out to 0.50.

Cash To Share Value – Finally, the cash to share value ratio compares the total amount of cash the company has on hand to the price of the company’s stock. Several clinical stage biotech companies have a hard time keeping cash on hand. So, when investing in the biotechnology space, this is a very important ratio to consider. In this case, the cash to share value ratio comes to 0.38.

How Analysts Feel About 22nd Century Group, Inc.

While it’s rarely a smart idea to avoid doing your due diligence and blindly following the thoughts of analysts, it is a smart idea to consider their analysis when validating your own thoughts when it comes to making an investment decision in the biotech industry. Here are the recent moves that we have seen from analysts with regard to XXII.

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Oct-16-17 Reiterated Chardan Capital Markets Buy $3.50 → $11.50
Aug-11-16 Reiterated Chardan Capital Markets Buy $4.50 → $3.50

Investors Tend To Follow The Big Money

One thing that I have learned in my short period as an intelligence is that smart investors tend to follow the moves made by big money. So, investors that are looking to play it relatively safe will keep their eyes on trades made by institutional investors and those on the inside. So, where is the big money when it comes to XXII? Here’s what’s happening:

  • Institutional Investors – Currently, institutional investors own 34.50% of 22nd Century Group, Inc.. However, it’s worth noting that the ownership held by institutions has moved in the amount of 31.65% throughout the past quarter.
  • Insiders – As far as insiders go, those close to the situation currently hold 0.20% of 22nd Century Group, Inc.. Insider ownership of the company has seen a change of 0 in the past 3 months.

How Many Shares Of XXII Are Available?

Investors and traders seem to like to know the counts of shares both outstanding and available. In regard to 22nd Century Group, Inc., currently there are 122.68M and there is a float of 115.35M. These numbers mean that out of the total of 122.68M shares of XXII in existence today, 115.35M are available to trade hands on the public market.

I also like to follow the short float. Think about it, if a large portion of the float is shorted, the overall feeling among investors is that the stock is headed for a deep dive. In regard to XXII, the percentage of the float that is sold short is 17.28%. Most traders believe that a concerning short percent of the float is considered to be anything over 40%. In my research, I’ve seen that any short ratio over 26% is probably going to be a play that comes with hefty risk.

Earnings

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $-0.18. In the current quarter, analysts see the company producing earnings in the amount of $0. Over the last 5 years, XXII has generated revenue in the amount of $29.40% with earnings coming in at 36.10%. On a quarter over quarter basis, earnings have seen movement of -19.00% and revenue has seen movement of -15.90%.

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