Two Harbors Investment Corp (NYSE:TWO) saw an upside of 1.42% to close Friday at $13.59 after adding $0.19 on the day. The 5-day average trading volume is 757,560 shares of the company’s common stock. It has gained $14.23 in the past week and touched a new high 2 times within the past 5 days. An average of 900,530 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 839,602.
TWO’s 1-month performance is 3.74% or $0.80 on its low of $12.79 reached on 08/23/23. The company’s shares have touched a 52-week low of $11.57 and high of $18.67, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, TWO has lost -13.82% or -$2.18 and has reached a new high 13 times. However, the current price is down -27.21% from the 52-week high price.
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Insider Transactions
TWO stock investors last saw insider trading activity on Aug 16.LETICA NICHOLAS (Vice Pres. & Chief Inv. Off.) most recently sold 8,653 shares at $12.96 per share on Aug 16. This transaction cost the insider $112,155. President and CEO, GREENBERG WILLIAM ROSS, sold 8,741 shares at a price of $12.33 on May 22. Then, on May 22, General Counsel and Secretary Sandberg Rebecca B sold 4,175 shares at a price of $12.33 per share. This transaction amounted to $51,490.
Valuation Metrics
TWO stock has a beta of 1.74. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.90 while the price-to-book (PB) in the most recent quarter is 0.82, with the price to cash flow ratio at 1.82.
. In terms of profitability, the gross margin trailing 12 months is 79.40%. The firm’s gross profit as reported stood at $118.69 million against revenue of $295.54 million.
Earnings Surprise
Net income and sales went up compared to those figures reported in the previous quarter. EBITDA for the quarter stood at more than $80.31 million. Shareholders hold equity totaling $96.17 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 22 September was 47.00% to suggest the stock is trending Neutral, with historical volatility in this time period at 23.55%.
The stock’s 5-day moving average is $13.78, reflecting a -2.72% or -$0.38 change from its current price. TWO is currently trading +3.11% above its 20-day SMA, -1.02% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +1.27% and SMA200 by-15.80%.
Stochastic %K and %D was 33.52% and 51.77% and the average true range (ATR) pointed at 0.28. The RSI (14) points at 49.86%, while the 14-day stochastic is at 28.73% with the period’s ATR at 0.28. The stock’s 9-day MACD Oscillator is pointing at -0.17 and -0.05 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Two Harbors Investment Corp (NYSE: TWO), Maxim Group upgraded it to a Buy rating. They previously had a Hold rating on the stock. Analysts offering their rating for TWO stock have a consensus rating for the stock as Hold. 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 1 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 $13.50 and a high of $16.00, with their median price target at $14.50. Looking at these predictions, the average price target given by analysts is for Two Harbors Investment Corp (TWO) stock is $14.60.
