In a report released on September 21, James McIlree from Dawson James maintained a Buy rating on 22nd Century (XXII – Research Report), with a price target of $8.50. The company’s shares closed last Friday at $0.97.
According to TipRanks, McIlree is an analyst with an average return of -21.7% and a 26.32% success rate. McIlree covers the Technology sector, focusing on stocks such as Vuzix, SRAX, and Smith Micro Software.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for 22nd Century with a $6.17 average price target.
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The company has a one-year high of $3.52 and a one-year low of $0.94. Currently, 22nd Century has an average volume of 2.24M.
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22nd Century Group, Inc. is a plant biotechnology company, which engages in the development of technology that will allow to increase or decrease the level of nicotine and nicotinic alkaloids in tobacco plants and levels of cannabinoids in cannabis plants through genetic engineering and plant breeding. Its products include X-22, modified risk cigarettes, spectrum government research cigarettes, magic 0 and magic 2, moonlight, red sun, variable nicotine-level research cigarettes, and verfola. The company was founded on September 12, 2005 and is headquartered in Clarence, NY.
Read More on XXII:
- 22nd Century Group (Nasdaq: XXII) Partners With Eagle Rock Distributing Company to Place VLN® in Thousands of Retail Locations Across Colorado
- 22nd Century Group’s (Nasdaq: XXII) VLN® Cigarettes with Reduced Nicotine Technology Ready to Ignite Biden’s Cancer Moonshot Initiative
- 22nd Century Group (Nasdaq: XXII) Appoints Accomplished Media Executive Lucille S. Salhany to Its Board
- 22nd Century Group (Nasdaq: XXII) Announces Management Updates and Departure of Chief Operating Officer
- 22nd Century Group (Nasdaq: XXII) Launches VLN® Reduced Nicotine Content Cigarettes in Colorado with Circle K, Smoker Friendly and New Distribution Points
