22nd Century Group (NASDAQ:XXII) Coverage Initiated at StockNews.com

Posted by on Oct 20th, 2024

Analysts at StockNews.com started coverage on shares of 22nd Century Group (NASDAQ:XXII – Get Free Report) in a report issued on Sunday. The firm set a “sell” rating on the biotechnology company’s stock.

22nd Century Group Stock Performance

Shares of 22nd Century Group stock opened at $0.10 on Friday. 22nd Century Group has a twelve month low of $0.09 and a twelve month high of $9.07. The firm has a market capitalization of $869,830.80, a PE ratio of 0.00 and a beta of 1.39. The firm’s 50-day moving average price is $0.32 and its 200 day moving average price is $0.86.

22nd Century Group (NASDAQ:XXII – Get Free Report) last announced its earnings results on Tuesday, August 13th. The biotechnology company reported ($0.36) EPS for the quarter. The firm had revenue of $7.95 million for the quarter. 22nd Century Group had a negative net margin of 275.12% and a negative return on equity of 380.39%.

Institutional Trading of 22nd Century Group

An institutional investor recently raised its position in 22nd Century Group stock. Anson Funds Management LP grew its stake in 22nd Century Group, Inc. (NASDAQ:XXII – Free Report) by 106.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,577,814 shares of the biotechnology company’s stock after purchasing an additional 3,399,323 shares during the period. Anson Funds Management LP owned approximately 83.28% of 22nd Century Group worth $789,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 18.06% of the stock is owned by institutional investors and hedge funds.

About 22nd Century Group

(Get Free Report)

22nd Century Group, Inc, a tobacco products company, engages in the sale and distribution of its own proprietary new reduced nicotine tobacco products. The company offers reduced nicotine content tobacco plants and very low nicotine combustible cigarette products. It also provides contract manufacturing services for conventional combustible tobacco products for third-party brands.

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