33.7 F
New York
Tuesday, January 26, 2021

22nd Century Group Inc. (AMEX:XXII) Recent Earnings Shows Major Concern

Must read

Alpine 4 Technologies Ltd (OTCMKTS:ALPP) Extends Rally On NASDAQ’s Uplisting Optimism

It is often seen that any plans of uplisting a stock to a larger stock exchange lead to a significant boost to...

Solar Integrated Roofing Corp (OTCMKTS:SIRC) Stock is on a Tear. Buy, Sell, or Hold?

Solar power has grown in popularity in recent years owing to a definite shift towards clean energy. Solar Integrated Roofing Corp (OTCMKTS:SIRC)...

Critical Update: HUMBLE; Tesoro Enterprises, Inc. (OTCMKTS:TSNP)

Over the course of the past week, the rally in Tesoro Enterprises, Inc. (OTCMKTS:TSNP) has been one of the most eye-catching ones...

American Battery Metals Corp (OTCMKTS:ABML) Hits New High On Critical Milestones

The lithium-ion battery sector has been in focus in the markets for quite some time now, and the latest company to have...

22nd Century Group Inc. (XXII) shares are trading at lower $1.57.

To add more color to this target, the company’s high over the last year is $1.80 and the low is $0.55. Over the last 52 weeks, XXII is up 59.80% while the S&P 500 is up 17.22%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, XXII reported a profit of $0.36 million. 22nd Century Group Inc. also saw revenues increase to $7.31 million. In addition, XXII has free cash flow of -$12.66 million as of 09-2020. The company’s EBITDA came in at -$3.72 million which compares well with its peers.

XXII booked profit margins of -69.50%, its Return on Equity (ROE) is -34.80%, and its Return on Assets is -31.00%. All told, it is clear that, XXII needs to be on your watchlist.

Find out when XXII reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.

Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. XXII has a short ratio of 5.93 and outstanding shares of 138.86M.

Company Outlook

XXII has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.8 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.14. 22nd Century Group Inc. XXII also noted assets of $57.4 million at the end of the last quarter. Investors should also keep an eye on sector updates as XXII has historically followed its peers on positive news.

All told, 22nd Century Group Inc. XXII has strung together solid data and demonstrated underlying fundamentals. At its current valuation, XXII represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

22nd Century Group Inc. XXII is now commanding a market cap of 221.84M and a float of 136.25M. XXII is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of XXII stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in XXII, either long or short, and we have not been compensated for this article.

Latest article

Grayscale Ethereum Trust (ETH) (OTCMKTS:ETHE) Attempts To Rebound On Bullish Note

While the remarkable rally in Bitcoin has led to breathless speculation about its long term price, the recent rally in Grayscale Ethereum...

Sunhydrogen Inc (OTCMKTS:HYSR) Continues to Trend Higher on High Demand

One of the sectors to have come into significant focus among investors in recent times is the hydrogen...

Artificial Intelligence Technology Solutions (OTCMKTS: AITX) Moves Up Quickly On Solid Volume

The artificial intelligence industry has grown at a remarkable pace over the past half a decade or so and over the coming...

Signal Advance Inc (OTCMKTS:SIGL) Makes a Big Move, Again.

Speculation and confusion can often lead to strange occurrences on the stock markets and that is what happened...

Ozop Energy Solutions Inc (OTCMKTS:OZSC) Remains Volatile: Stock in Focus

Those who are looking to discover stocks that may have made big moves over the course of the past week could consider...