22nd Century Group (NASDAQ:XXII) Now Covered by Analysts at StockNews.com

Posted by Alanna Baker on Oct 22nd, 2024

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

22nd Century Group Stock Performance

Shares of NASDAQ:XXII opened at $0.11 on Friday. The company has a market cap of $870,660.00, a price-to-earnings ratio of 0.00 and a beta of 1.39. 22nd Century Group has a 12 month low of $0.09 and a 12 month high of $8.81. The company has a 50-day moving average price of $0.31 and a 200 day moving average price of $0.83.

22nd Century Group (NASDAQ:XXII – Get Free Report) last issued its quarterly earnings data on Tuesday, August 13th. The biotechnology company reported ($0.36) earnings per share (EPS) for the quarter. The company 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 Investors Weigh In On 22nd Century Group

An institutional investor recently raised its position in 22nd Century Group stock. Anson Funds Management LP boosted its position in shares of 22nd Century Group, Inc. (NASDAQ:XXII – Free Report) by 106.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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 about 83.28% of 22nd Century Group worth $789,000 as of its most recent SEC filing. Institutional investors own 18.06% of the company’s stock.

22nd Century Group Company Profile

(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.