The stock of Two Harbors Investment Corp. (NYSE:TWO) increased by $0.02 on Friday to finish at $13.20, up 0.15 percent. The last five days have seen an average of 675,360 shares of common stock traded. 13 times new highs were reached in the current year, with a fall of -$2.57. The average number of shares traded over the last 20 days was 793,395, while the average volume over the last 50 days totaled 902,490.
TWO stock dropped -3.01% since last month. On 08/18/23, the company’s shares reached a one-month low of $12.67. The stock touched a high of $20.28 on 02/02/23, after rallying from a low of $11.57 in 52 weeks. The price of TWO stock has declined by -16.30% or -$2.57 this year, reaching a new high 13 times. Still, the stock price is down -34.91% from the 52-week high.
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Insider Transactions
TWO stock investors should be aware that Two Harbors Investment Corp. (TWO) stock had its last reported insider trading activity 12 days ago on Aug 16. On Aug 16, Vice Pres. & Chief Inv. Off. LETICA NICHOLAS sold 8,653 shares at $12.96 each. This transaction resulted in the insider making $112,155. On May 22, GREENBERG WILLIAM ROSS sold 8,741 shares at a price of US$12.33. After the transaction, the insider now owns 169,561 shares. General Counsel and Secretary Sandberg Rebecca B had earlier sold 4,175 shares on May 22 for $12.33 a share. The transaction was completed for $51,490.
Valuation Metrics
Beta for the stock is 1.74. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.66, the price-to-book (PB) ratio of 0.80, and the price-to-cash flow ratio of 1.77.
Company paid $0.45 per share in dividends, a decrease of -25.0% from $0.60 last year. A $0.15 dividend decrease was reported on Wednesday June 21 2023.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.33, and the total debt to equity ratio is 7.00. As far as profitability goes, gross margin for the trailing twelve months is 21.40% percent. Based on annual data, it had gross profit of $118.69 million and revenue of $295.54 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. TWO’s return on assets (ROA) during the last 12 months has been 0.00%. There was a 1.80% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -0.10%.
Earnings Surprise
According to Two Harbors Investment Corp.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. It was predicted that Two Harbors Investment Corp.’s quarterly earnings would be -$0.04, but it ended up being $0.58, beating the consensus by -106.90%. EBITDA was $80.31 million for the quarter. At the end of Two Harbors Investment Corp.’s most recent quarter ended June 29, its total debt was $11.2 billion. Equity owned by shareholders amounts to $96.17 million.
Technical Picture
Here’s a quick look at Two Harbors Investment Corp.’s (TWO) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 50.99%, suggesting the stock is Neutral, with a 17.45% historical volatility rate.
The stochastic %K and %D were 43.75% and 32.44% respectively, while the average true range (ATR) was 0.27. Based on the 14-day stochastic reading of 47.32%, the RSI (14) reading is 48.98%. On the 9-day MACD Oscillator, the stock is at 0.17, and the 14-day reading is at -0.01.
Analyst Ratings
In its most recent analyst report, Maxim Group raised its rating on Two Harbors Investment Corp. (NYSE: TWO) to a Buy. Prior to this, analysts firm rated the stock as a Hold. Analysts have assigned Two Harbors Investment Corp. (TWO) an Hold rating. TWO is a stock that is recommended for selling by 0 brokerage firms, while 6 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.
What is TWO’s price target for the next 12 months?
The current consensus forecast for the stock is between $13.50 and $16.00, with a median target price of $14.25. In analyzing these forecasts, the average price target given by analysts for Two Harbors Investment Corp. (TWO) is $14.50.
