Is Two Harbors Investment Corp. (TWO) Price Targeted To Increase?

As of Friday close, Two Harbors Investment Corp.’s (NYSE:TWO) stock was down -$0.1, moving down -1.94 percent to $5.06. The average number of shares traded per day over the past five days has been 2,256,740 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.32 fall in that time frame. In the last twenty days, the average volume was 2,411,275, while in the previous 50 days, it was 3,396,832.

Since last month, TWO stock rose 5.42%. Shares of the company fell to $4.69 on 07/15/22, the lowest level in the past month. A 52-week high of $6.81 was reached on 01/12/22 after having rallying from a 52-week low of $4.26. Since the beginning of this year, TWO’s stock price has dropped by -12.31% or -$0.71, and marked a new high 4 times. However, the stock has declined by -25.70% since its 52-week high.

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Two Harbors Investment Corp. (TWO) last reported insider trading activity 78 days ago on May 20. Sandberg Rebecca B, the General Counsel and Secretary of the company, disposed of 17,139 shares for $4.99 on May 20. It resulted in a $85,452 divestment by the insider. RISKEY MARY KATHRYN sold 15,114 shares at an average price of $4.97 on May 20. The insider now owns 221,223 shares following the transaction. On May 20, President, CEO and CIO GREENBERG WILLIAM ROSS sold 34,955 shares at $4.99 apiece. The transaction was valued at $174,279.

Valuation Metrics

Right now, Two Harbors Investment Corp. (TWO) has a P/E ratio of about 12.78. The stock’s beta is 1.60. Besides these, the trailing price-to-sales (P/S) ratio of 3.41, the price-to-book (PB) ratio of 0.90.

The latest dividend of $0.17 per share was paid out, remained unchanged from last year’s $0.17. On Saturday December 19 2020, a $0.03 dividend increase was announced.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.65, and the total debt-to-equity ratio was 4.73. On the profitability front, the trailing twelve-month gross margin is 65.30% percent. Based on annual data, TWO earned $18.55 million in gross profit and brought in $168.6 million in revenue.

In Two Harbors Investment Corp.’s quarter-end financial report for June 29, it reported total debt of $397.07 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Two Harbors Investment Corp. to report $0.18 quarterly earnings, the actual figure was $0.22 per share, beating the consensus estimate by 22.20%. During the quarter, the company generated $37.24 million in EBITDA. The value of shareholders’ equity is $344.44 million.

Technical Picture

This quick technical analysis looks at Two Harbors Investment Corp.’s (TWO) price momentum. With a historical volatility rate of 29.35%, the RSI 9-day stood at 43.37% on 05 August.

With respect to its five-day moving average, the current Two Harbors Investment Corp. price is down by -5.95% percent or -$0.32. At present, TWO shares trade +5.20% above its 20-day simple moving average and -2.69% percent below its 100-day simple moving average. However, the stock is currently trading approximately -0.59% below its SMA50 and -24.59% below its SMA200.

Stochastic coefficient K was 58.18% and Stochastic coefficient D was 69.80%, while ATR was 0.14. Given the Stochastic reading of 40.30% for the 14-day period, the RSI (14) reading has been calculated as 48.41%. As of today, the MACD Oscillator reading stands at -0.10, while the 14-day reading stands at -0.03.

Analyst Ratings

Citigroup launched its rating on Two Harbors Investment Corp. (NYSE: TWO) to a Neutral in a note to investors on January 04, 2022. Two Harbors Investment Corp. (TWO) has been rated Hold by analysts. According to 0 brokerage firms, TWO is a sell, and 7 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Two Harbors Investment Corp. stock as buy, with 2 recommending it as overweight.

With a median target price of $5.50, the current consensus forecast for the stock is $5.00 – $6.00. Based on these forecasts, analysts predict Two Harbors Investment Corp. (TWO) will achieve an average price target of $5.39.


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