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22nd Century ( (XXII) ) has provided an announcement.
On December 17, 2205, 22nd Century Group, Inc. amended its agreements with holders of its Series A Convertible Preferred Stock to comply with Nasdaq Listing Rules and streamline securities offerings. The amendment includes changes to stockholder approval deadlines, adjustments to conversion pricing, and provisions enabling future stock split and securities issuance. These updates aim to enhance operational flexibility and investor protections, while positioning the company for regulatory compliance and improved market opportunities.
The most recent analyst rating on (XXII) stock is a Hold with a $1.00 price target. To see the full list of analyst forecasts on 22nd Century stock, see the XXII Stock Forecast page.
Spark’s Take on XXII Stock
According to Spark, TipRanks’ AI Analyst, XXII is a Neutral.
22nd Century’s overall stock score reflects significant financial challenges, with declining revenues and persistent losses weighing heavily. While recent strategic shifts and corporate events provide a more optimistic outlook, the technical analysis and valuation metrics remain weak. The company’s efforts to improve its balance sheet and focus on higher-margin products are positive, but the path to profitability is uncertain, resulting in a cautious overall score.
To see Spark’s full report on XXII stock, click here.
More about 22nd Century
Average Trading Volume: 1,559,640
Technical Sentiment Signal: Strong Sell
Current Market Cap: $7.34M
For an in-depth examination of XXII stock, go to TipRanks’ Overview page.