Stocks of 22nd Century Group Inc (NASDAQ:XXII) traded higher last session on Wall Street, up 5.14% to $0.11.
XXII stock price is now -58.48% away from the 50-day moving average and -91.21% away from the 200-day moving average. The market capitalization of the company currently stands at $5.14M.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target of $5, Alliance Global Partners recently initiated with Buy rating for 22nd Century Group Inc (NASDAQ: XXII). On June 15, 2022, Craig Hallum recently initiated its ‘Buy’ rating on the stock quoting a target price of $5, while ‘ROTH Capital’ rates the stock as ‘Buy’
In other news, FIRESTONE LAWRENCE, Chief Executive Officer bought 39,000 shares of the company’s stock on Sep 12 ’24. The stock was bought for $10,468 at an average price of $0.27. Upon completion of the transaction, the Chief Executive Officer now directly owns 54,250 shares in the company, valued at $5967.5. An SEC document containing details of the transaction can be found on the SEC’s website. On May 30 ’24, Chief Executive Officer FIRESTONE LAWRENCE bought 9,000 shares of the business’s stock. A total of $9,829 was incurred on buying the stock at an average price of $1.09. This leaves the insider owning 15,250 shares of the company worth $1677.5. A total of 19.32% of the company’s stock is owned by insiders.
During the past 12 months, 22nd Century Group Inc has had a low of $0.09 and a high of $8.63. The fifty day moving average price for XXII is $0.27102 and a two-hundred day moving average price translates $1.279335 for the stock.
The latest earnings results from 22nd Century Group Inc (NASDAQ: XXII) was released for 2024-06-30. The net profit margin was -309.63% and return on equity was -286.03% for XXII. The company reported revenue of $7.95 million for the quarter, compared to $8.05 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.28 percent.
