The stock price of Two Harbors Investment Corp (NYSE: TWO) has plunged by -0.14 when compared to previous closing price of 14.10, but the company has seen a 3.07% gain in its stock price over the last five trading sessions. businesswire.com reported 2024-09-18 that NEW YORK–(BUSINESS WIRE)–Two Harbors Investment Corp. Announces Appointments of Head of Servicing at RoundPoint and Chief Technology Officer.
Is It Worth Investing in Two Harbors Investment Corp (NYSE: TWO) Right Now?
The price-to-earnings ratio for Two Harbors Investment Corp (NYSE: TWO) is above average at 39.68x. The 36-month beta value for TWO is also noteworthy at 1.87. There are mixed opinions on the stock, with 8 analysts rating it as a “buy,” 1 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for TWO is 102.52M, and at present, short sellers hold a 2.67% of that float. The average trading volume of TWO on September 19, 2024 was 913.71K shares.
TWO’s Market Performance
The stock of Two Harbors Investment Corp (TWO) has seen a 3.07% increase in the past week, with a 2.47% rise in the past month, and a 7.81% gain in the past quarter. The volatility ratio for the week is 1.63%, and the volatility levels for the past 30 days are at 1.26% for TWO. The simple moving average for the past 20 days is 1.32% for TWO’s stock, with a 6.73% simple moving average for the past 200 days.
Analysts’ Opinion of TWO
Many brokerage firms have already submitted their reports for TWO stocks, with Janney repeating the rating for TWO by listing it as a “Buy.” The predicted price for TWO in the upcoming period, according to Janney is $15 based on the research report published on August 16, 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 “Buy” according to the report published on June 07th, 2024.
UBS gave a rating of “Neutral” to TWO, setting the target price at $14.50 in the report published on December 06th of the previous year.
TWO Trading at 3.02% 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 -3.49% of loss for the given period.
Volatility was left at 1.26%, however, over the last 30 days, the volatility rate increased by 1.63%, as shares surge +3.07% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.91% upper at present.
During the last 5 trading sessions, TWO rose by +3.07%, which changed the moving average for the period of 200-days by +1.59% in comparison to the 20-day moving average, which settled at $13.92. In addition, Two Harbors Investment Corp saw 1.08% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TWO starting from David B. Hughes, who proposed sale 3,082 shares at the price of $13.96 back on Aug 28 ’24. After this action, David B. Hughes now owns shares of Two Harbors Investment Corp, valued at $43,024 using the latest closing price.
LETICA NICHOLAS, the Chief Investment Officer of Two Harbors Investment Corp, sale 8,654 shares at $13.63 during a trade that took place back on Aug 16 ’24, which means that LETICA NICHOLAS is holding 105,644 shares at $117,954 based on the most recent closing price.
Stock Fundamentals for TWO
Current profitability levels for the company are sitting at:
- -3.31 for the present operating margin
- 2.24 for the gross margin
The net margin for Two Harbors Investment Corp stands at -1.41. The total capital return value is set at 0.08. Equity return is now at value 6.08, with 1.00 for asset returns.
Based on Two Harbors Investment Corp (TWO), the company’s capital structure generated 0.82 points at debt to capital in total, while cash flow to debt ratio is standing at 0.04. The debt to equity ratio resting at 4.54. The interest coverage ratio of the stock is 0.44.
Currently, EBITDA for the company is -129.03 million with net debt to EBITDA at 32.14. When we switch over and look at the enterprise to sales, we see a ratio of -123.27. The receivables turnover for the company is -0.21for trailing twelve months and the total asset turnover is -0.01.
Conclusion
In summary, Two Harbors Investment Corp (TWO) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
