22nd Century Group, Inc. (NYSE:XXII) Stock Forecast: Potential to Pass $4 in A Year

22nd Century Group, Inc. (NYSE:XXII) price closed lower on Thursday, Dec 31, sinking -6.78% below its previous close.

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A look at the daily price movement shows that the last close reads $2.36, with intraday deals fluctuated between $2.1700 and $2.3300. The company’s 5Y monthly beta was ticking 1.66 while its P/E ratio in the trailing 12-month period read 0. Taking into account the 52-week price action we note that the stock hit a 52-week high of $3.13 and 52-week low of $0.55. The stock added 38.36% on its value in the past month.

On average, analysts have forecast the company’s revenue for the quarter will hit $6Million, with the likely lows of $6Million and highs of $6Million. The average estimate suggests sales growth for the quarter will likely fall by -17.4% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $26.8 Million for the company’s annual revenue in 2021. Per this projection, the revenue is forecast to grow +3.7% above that which the company brought in 2020.

On the technical perspective front, indicators give XXII a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.

Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 1 analysts have assigned XXII a recommendation rating as follows: None rate it as a Hold; 1 advise Buy while none analyst(s) assign an Outperform rating. None analyst(s) have tagged the 22nd Century Group, Inc. (XXII) stock as Underperform, with none recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.

If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 0. The overview shows that XXII’s price is at present 3.63% off the SMA20 and 51.2% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 57.48, with weekly volatility standing at 9.26%. The indicator jumps to 14.14% when calculated based on the past 30 days. 22nd Century Group, Inc. (NYSE:XXII)’s beta value is holding at 1.66, while the average true range (ATR) indicator is currently reading 0.26. Considering analysts have assigned the stock a price target range of $4-$4 as the low and high respectively, we find the trailing 12-month average consensus price target to be $4. Based on this estimate, we see that current price is roughly 81.82% off the estimated low and 81.82% off the forecast high. Investors will no doubt be excited to see the share price rise to $4, which is the median consensus price, and at that level XXII would be +81.82% from current price.

Turning out attention to how the 22nd Century Group, Inc. stock has performed in comparison to its peers in the industry, here’s what we find: XXII’s stock is -6.78% on the day and +92.98% in the past 12 months, while Philip Morris International Inc (PM) traded +1.61% in the last session and was positioned -2.82% down on its price 12 months ago. Another comparison is with British American Tobacco Industries (BTI) whose stock price was down -0.61% in the last trading session, but has tanked -12.55% over the past year. Also, Altria Group (MO) showed downtrend of -6.78% while its price kept floating at 92.98% over the past year. As for 22nd Century Group, Inc., the P/E ratio stands at 0 lower than that of Philip Morris International Inc’s at 16.8 and British American Tobacco Industries’s 10.08. Elsewhere in the market, the S&P 500 Index has rallied 0.64% in last trading session, with the Dow Jones Industrial also saw a positive session on the day with +0.65%.

An analysis of the 22nd Century Group, Inc. (NYSE:XXII) stock in terms of its daily trading volume indicates that the 3-month average is 2.84 Million. However, this figure declines on the past 10-day timeline to an average of 1.89 Million.

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Current record show that the company has 138.86 Million in outstanding shares. According to data from Thomson Reuters, insiders’ percentage holdings are 1.86% of outstanding shares while the percentage share held by institutions stands at 20.4%. The stats also highlight that short interest as of December 14, 2020, stood at 9.89 Million shares, which puts the short ratio at the time at 2.07. From this we can glean that short interest is 7.12% of company’s current outstanding shares. Notably, we see that shares short in December fell slightly given the previous month’s figure stood at 10.41 Million. But the +100% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.


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