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An update from 22nd Century ( (XXII) ) is now available.
On June 16, 2025, 22nd Century Group, Inc. filed a Certificate of Change in Nevada to authorize a 1-for-23 reverse stock split of its common stock. This move was aimed at restoring compliance with NASDAQ’s listing standards. The reverse stock split will take effect on June 20, 2025, and the company’s shares will trade under a new CUSIP number while retaining the same NASDAQ symbol ‘XXII’. The split will reduce the number of authorized and outstanding shares proportionally, with no fractional shares being issued. Stockholders’ percentage ownership and voting power remain largely unchanged, and all options and warrants will be adjusted accordingly.
Spark’s Take on XXII Stock
According to Spark, TipRanks’ AI Analyst, XXII is a Underperform.
The overall stock score reflects significant financial challenges and negative market momentum, making the company a risky investment. The financial performance, with declining revenue and persistent losses, is the most significant factor driving the low score. Technical analysis confirms a bearish trend, indicating lack of investor confidence. While the earnings call shows some operational improvements and strategic focus, the risks outweigh the positives at this stage.
To see Spark’s full report on XXII stock, click here.
More about 22nd Century
Average Trading Volume: 778,481
Technical Sentiment Signal: Strong Sell
Current Market Cap: $4.91M
For an in-depth examination of XXII stock, go to TipRanks’ Overview page.