22nd Century Group (XXII) Scheduled to Post Quarterly Earnings on Tuesday

22nd Century Group (NASDAQ:XXII) is scheduled to issue its quarterly earnings data before the market opens on Tuesday, August 13th.

22nd Century Group (NASDAQ:XXII) last released its earnings results on Wednesday, May 15th. The biotechnology company reported ($1.72) earnings per share for the quarter, topping the consensus estimate of ($5.28) by $3.56. 22nd Century Group had a negative return on equity of 380.39% and a negative net margin of 233.06%. The business had revenue of $6.47 million during the quarter, compared to the consensus estimate of $7.86 million.

22nd Century Group Trading Up 1.9 %

NASDAQ:XXII opened at $0.66 on Wednesday. 22nd Century Group has a twelve month low of $0.58 and a twelve month high of $47.84. The company has a market cap of $5.47 million, a price-to-earnings ratio of -0.01 and a beta of 1.38. The stock has a fifty day simple moving average of $0.75 and a 200-day simple moving average of $14.48.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded 22nd Century Group to a “sell” rating in a research report on Thursday, May 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $100.00.

About 22nd Century Group

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.