Two Harbors Investment Corp. (NYSE:TWO) saw an upside of 1.23% to close Monday at $6.59 after adding $0.08 on the day. The 5-day average trading volume is 2,489,360 shares of the company’s common stock. It has gained $6.66 in the past week. An average of 3,118,355 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,901,862.
TWO’s 1-month performance is 3.29% or $0.21 on its low of $6.31 reached on 10/01/21. The company’s shares have touched a 52-week low of $4.88 and high of $8.15, with the stock’s rally to the 52-week high happening on 06/21/21. YTD, TWO has achieved 3.45% or $0.22. However, the current price is down -19.14%% from the 52-week high price.
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On Aug 12, 61 days have gone by since the last insider trading activity for Two Harbors Investment Corp. (TWO). KOEPPEN MATTHEW (Former Chief Inv. Officer) most recently sold 84,913 shares at $6.46 per share on Aug 12. This transaction cost the insider $548,122. Former Chief Inv. Officer, KOEPPEN MATTHEW, sold 110,000 shares at a price of $6.44 on Aug 11. Then, on Aug 10, Former Chief Inv. Officer KOEPPEN MATTHEW sold 100,000 shares at a price of $6.43 per share. This transaction amounted to $642,670.
The company’s PE ratio for the last five years has touched a high of 105.14 and a low of 3.145. TWO stock has a beta of 1.81. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.11 while the price-to-book (PB) in the most recent quarter is 1.01, with the price to cash flow ratio at 4.48.
Two Harbors Investment Corp. pays an annual dividend of $0.68 per share. Its dividend yield is 10.32% and the payout ratio is 29.30%. TWO paid $0.17 a share compared with prior rate of $0.17, down 0.0% from last year’s. The company has boosted its dividend for the last 2 consecutive years with the latest dividend increase of $0.03 reported on Saturday December 19 2020. Measured over the last 3 years, the Dividend has been growing by -75.12% yearly.
It is projected that Two Harbors Investment Corp.’s next ex-dividend date will be on 31-Dec. TWO is expected to distribute $0.17 as its next dividend.
As well, the company’s long term debt to equity for the quarter ending June 29 was 0.76, while the total debt to equity was 5.45. In terms of profitability, the gross margin trailing 12 months is 70.00%. The firm’s gross profit as reported stood at $326.99 million against revenue of $525.05 million.
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected TWO to announce $0.2 per share in earnings in its latest quarter, but it posted $0.19, representing a -5.00% surprise. EBITDA for the quarter stood at more than $69.59 million. TWO stock balance sheet for the quarter ending June 29 shows that, with total debt at $9.72 billion. Shareholders hold equity totaling $313.88 million
Let’s look briefly at Two Harbors Investment Corp. (TWO) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 57.70% to suggest the stock is trending Neutral, with historical volatility in this time period at 27.73%.
The stock’s 5-day moving average is $6.51, reflecting a +2.65% or $0.17 change from its current price. TWO is currently trading +1.23% above its 20-day SMA, -7.83% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +2.81% and -0.60% respectively.
Stochastic %K and %D was 51.76% and 44.18% and the average true range (ATR) pointed at 0.13. The RSI (14) points at 54.52%, while the 14-day stochastic is at 65.88% with the period’s ATR at 0.13. The stock’s 9-day MACD Oscillator is pointing at 0.04 and -0.01 on the 14-day charts.
In the most recent analyst report for Two Harbors Investment Corp. (NYSE: TWO), Credit Suisse downgraded it to a Neutral rating. They previously had an Outperform rating on the stock. Analysts offering their rating for TWO stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate TWO as a “sell,”, while 5 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 have offered a “buy” rating.
What is TWO’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $6.25 and a high of $7.50, with their median price target at $6.63. Looking at these predictions, the average price target given by analysts is for Two Harbors Investment Corp. (TWO) stock is $6.71.