22nd Century Group (NASDAQ:XXII) Earns Sell Rating from Analysts at StockNews.com

Posted by Donna Armstrong on Dec 4th, 2024

StockNews.com started coverage on shares of 22nd Century Group (NASDAQ:XXII – Free Report) in a research note published on Sunday. The brokerage issued a sell rating on the biotechnology company’s stock.

22nd Century Group Price Performance

XXII stock opened at $0.09 on Friday. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.93 and a current ratio of 1.09. The firm has a 50 day moving average price of $0.13 and a 200-day moving average price of $0.49. 22nd Century Group has a 52-week low of $0.08 and a 52-week high of $4.31. The firm has a market capitalization of $4.25 million, a price-to-earnings ratio of 0.00 and a beta of 1.50.

22nd Century Group (NASDAQ:XXII – Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The biotechnology company reported ($0.54) earnings per share for the quarter. 22nd Century Group had a negative net margin of 144.09% and a negative return on equity of 380.39%. The company had revenue of $5.95 million for the quarter.

Institutional Trading of 22nd Century Group

A hedge fund recently bought a new stake in 22nd Century Group stock. Anson Funds Management LP acquired a new position in 22nd Century Group, Inc. (NASDAQ:XXII – Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 3,140,452 shares of the biotechnology company’s stock, valued at approximately $691,000. Anson Funds Management LP owned approximately 6.77% of 22nd Century Group as of its most recent filing with the Securities and Exchange Commission. 18.06% of the stock is currently 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.