Two Harbors Investment Corp (NYSE:TWO) finished Friday with an addition of $0.2 to close at $13.24, an upside of 1.53 percent. An average of 1,116,100 shares of common stock have been traded in the last five days. There was a fall of -$0.35 in the past week, and it reached a new high 19 times over the past 12 months. The last 20 days have seen an average of 907,225 shares traded, while the 50-day average volume stands at 869,732.
TWO stock has decreased by -3.15% in the last month. The company shares reached their 1-month lowest point of $12.85 on 09/28/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $11.57 and a high of $18.67 in 52 weeks. It has reached a new high 13 times so far this year and lost -16.04% or -$2.53 in price. In spite of this, the price is down -29.08% 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 45 days ago on Aug 16. In this transaction, the insider spent $112,155. President and CEO, GREENBERG WILLIAM ROSS, disposed of 8,741 shares at a price of $12.33 on May 22. The insider now owns more than $107,803 worth of shares. Prior to that, General Counsel and Secretary Sandberg Rebecca B went on to Sale 4,175 shares at $12.33 each on May 22. An amount of $51,490 was transacted.
Valuation Metrics
Two Harbors Investment Corp (TWO) stock’s beta is 1.74. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.82, the price-to-book (PB) ratio at 0.80, and the price-to-cash flow ratio at 1.78.
The company has a payout ratio of 135.80%. The company’s most recent quarterly dividend payment was $0.45 a share, without any change from last year. Its latest decrease dividend $0.15 reported on Wednesday June 21 2023.
Financial Health
Further, the company has a long term debt to equity ratio of 0.96 and a total debt to equity ratio of 5.05 for the quarter ending June 29. Its gross profit as reported stood at $118.69 million compared to revenue of $295.54 million.
Earnings Surprise
For the three-month period that ended June 29, Two Harbors Investment Corp had $398.65 million in total debt. The analyst consensus anticipated Two Harbors Investment Corp’s latest quarter earnings to come in at $0.58 per share, but it turned out to be -$0.04, a -106.90% surprise. For the quarter, EBITDA amounted to $80.31 million. At the end of the quarter ending June 29, Two Harbors Investment Corp’s stock balance sheet showed total debt was $11.2 billion. Shareholders own equity worth $96.17 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Two Harbors Investment Corp (TWO) price momentum. RSI 9-day as of the close on 29 September was 42.50%, suggesting the stock is Neutral, with historical volatility in this time frame at 26.27%.
As of today, TWO’s price is $13.15 -2.58% or -$0.35 from its 5-day moving average. TWO is currently trading -3.85% lower than its 20-day SMA and +11.73% higher than its 100-day SMA. However, the stock’s current price level is -1.05% below the SMA50 and -18.02% below the SMA200.
The stochastic %K and %D were 14.67% and 8.21%, respectively, and the average true range (ATR) was 0.30. With the 14-day stochastic at 28.42% and the average true range at 0.29, the RSI (14) stands at 44.59%. The stock has reached -0.32 on the 9-day MACD Oscillator while the 14-day reading was at -0.48.
Analyst Ratings
Maxim Group upgraded Two Harbors Investment Corp (NYSE: TWO) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Hold. The consensus rating for Two Harbors Investment Corp (TWO) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell TWO, while 5 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.
What is TWO’s price target for the next 12 months?
Analysts predict a range of price targets between $13.50 and $16.00, with a median target of $14.50. Taking a look at these predictions, the average price target given by analysts for Two Harbors Investment Corp (TWO) stock is $14.60.
