The stock of Two Harbors Investment Corp (NYSE: TWO) has increased by 1.46 when compared to last closing price of 12.99. Despite this, the company has experienced a -0.68% fall in its stock price over the last five trading sessions. seekingalpha.com reported 2024-06-20 that Management tried to keep the dividend down. They have the cash to pay out. These shares ranked ahead of the common shares. We’ve invested in these shares before. Now we’re doing it again. Except this time, we’re putting even more money in.
Is It Worth Investing in Two Harbors Investment Corp (NYSE: TWO) Right Now?
Two Harbors Investment Corp (NYSE: TWO) has a higher price-to-earnings ratio of 7.77x compared to its average ratio. TWO has 36-month beta value of 1.87. Analysts have mixed views on the stock, with 8 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for TWO is 102.50M, and currently, short sellers hold a 3.18% ratio of that float. The average trading volume of TWO on July 03, 2024 was 1.01M shares.
TWO’s Market Performance
The stock of Two Harbors Investment Corp (TWO) has seen a -0.68% decrease in the past week, with a 2.57% rise in the past month, and a 1.78% gain in the past quarter. The volatility ratio for the week is 1.68%, and the volatility levels for the past 30 days are at 1.48% for TWO. The simple moving average for the past 20 days is 0.92% for TWO’s stock, with a 1.97% simple moving average for the past 200 days.
Analysts’ Opinion of TWO
Many brokerage firms have already submitted their reports for TWO stocks, with UBS repeating the rating for TWO by listing it as a “Buy.” The predicted price for TWO in the upcoming period, according to UBS is $14.50 based on the research report published on June 07, 2024 of the current year 2024.
UBS, on the other hand, stated in their research note that they expect to see TWO reach a price target of $14.50. The rating they have provided for TWO stocks is “Neutral” according to the report published on December 06th, 2023.
Maxim Group gave a rating of “Buy” to TWO, setting the target price at $19 in the report published on February 10th of the previous year.
TWO Trading at 2.55% from the 50-Day Moving Average
After a stumble in the market that brought TWO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -9.66% of loss for the given period.
Volatility was left at 1.48%, however, over the last 30 days, the volatility rate increased by 1.68%, as shares surge +1.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.66% upper at present.
During the last 5 trading sessions, TWO fell by -0.68%, which changed the moving average for the period of 200-days by -5.38% in comparison to the 20-day moving average, which settled at $13.07. In addition, Two Harbors Investment Corp saw -5.38% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TWO starting from GREENBERG WILLIAM ROSS, who sale 8,170 shares at the price of $12.68 back on May 21 ’24. After this action, GREENBERG WILLIAM ROSS now owns 255,909 shares of Two Harbors Investment Corp, valued at $103,609 using the latest closing price.
Sandberg Rebecca B, the Chief Legal Officer of Two Harbors Investment Corp, sale 4,505 shares at $12.68 during a trade that took place back on May 21 ’24, which means that Sandberg Rebecca B is holding 112,894 shares at $57,131 based on the most recent closing price.
Stock Fundamentals for TWO
Current profitability levels for the company are sitting at:
- -4.69 for the present operating margin
- 3.42 for the gross margin
The net margin for Two Harbors Investment Corp stands at -4.59. The total capital return value is set at 0.02. Equity return is now at value 12.27, with 2.03 for asset returns.
Based on Two Harbors Investment Corp (TWO), the company’s capital structure generated 0.46 points at debt to capital in total, while cash flow to debt ratio is standing at 0.17. The debt to equity ratio resting at 0.86. The interest coverage ratio of the stock is 0.41.
Currently, EBITDA for the company is -129.03 million with net debt to EBITDA at 4.68. When we switch over and look at the enterprise to sales, we see a ratio of -45.81. The receivables turnover for the company is -0.1for trailing twelve months and the total asset turnover is -0.0.
Conclusion
To put it simply, Two Harbors Investment Corp (TWO) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
