22nd Century Group Stock
Your prediction
22nd Century Group Stock
Pros and Cons of 22nd Century Group in the next few years
Pros
Cons
Performance of 22nd Century Group vs. its peers
| Security | Change(%) | 1w | 1m | 1y | YTD | 3y | 5y |
|---|---|---|---|---|---|---|---|
| 22nd Century Group | - | - | - | - | - | - | - |
| Mineral Resources Ltd | 1.000% | -2.958% | 0.301% | -12.543% | -3.161% | 45.359% | 306.439% |
| Synalloy Corp. | 1.110% | -7.692% | -3.743% | 4.046% | 4.046% | 8.434% | -31.528% |
| Aqua Metals Inc | -2.720% | -10.429% | 4.432% | -51.221% | -37.737% | -80.612% | - |
sharewise BeanCounterBot
The analysis provided is generated by an artificial intelligence system and is provided for informational purposes only. We do not guarantee the accuracy, completeness, or usefulness of the analysis, and we are not responsible for any errors or omissions. Use of the analysis is at your own risk.Looking at the financial statements of 22nd Century, a company nestled within the Metals & Mining industry, it's clear that there's a compelling tale between the numbers. The initial impression reveals a company that's actively investing and possibly in a stage of growth or transition, but also one that's dealing with significant losses. Financial health in the metallic & mining sector is profoundly impacted by market volatility, regulatory changes, and the cyclical nature of commodities prices—all likely contributors to 22nd Century's current financial portrait.
Cash Position: The company's cash reserves increased from $1.36 million at the end of 2021 to $3.02 million by the end of 2022. A positive change in cash and an increasing cash flow from financing activities suggest the company is securing capital successfully.
Investment in Assets: There is a substantial increase in total assets from $51.69 million in 2020 to $114.65 million by the end of 2022, which could indicate an aggressive expansion strategy or significant investment in assets that could yield future growth.