Two Harbors Investment Corp. (NYSE:TWO) currently has a daily average trading volume of 1.20M but it saw 946364 shares traded on Thursday. With a market cap of 1.14B USD, stock’s current market price of $11.77 came falling about -2.16 while comparing to the previous closing price of $12.03. In past 52 weeks, the stock remained buoying in the range of price level as high as $21.84 and as low as $11.59. In the recent trading on the day, stock has struck highest price mark of $12.04 while lowest mark touched by it was $11.57.
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Taking a look at 20-day trading activity of Two Harbors Investment Corp. (TWO) gives us an average price of $12.23, while its current price level is -46.11% below from 52-week high level whereas it is 1.55% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $13.26 while that of 200 days or SMA-200 reads an average of $15.74. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.85% during that period while stretching the period over a month that decreases to 2.72%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 32.56 which implies that the stock is in neutral territory.
Two Harbors Investment Corp. (TWO)’s stock is currently under the radar of 8 analysts who are in consensus at a 12-month price target range of between $13.00 and $16.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $13.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $16.00. Average price target assigned by them is $14.38 which highlights an upside potential of 18.15% for the stock over that period. And to attain the median price target of $14.25 assigned by those analysts, stock has to add about 17.4% of value to its current levels.
Data by FactSet Research shows that 8 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 2 analysts suggested the investors to Buy the stock while 6 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Hold for the stock and that issued by Wall Street to investors is Moderate Buy.
Over the week, TWO’s stock price is moving -4.85% down while it is -13.14% when we observe its performance for the past one month. Year-to-date it is -25.36% down and over the past year, the stock is showing a downside performance of -42.19%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of $0.09 beaten by the consensus estimate of $0.8 for the same. The company is expected to be releasing its next quarterly report in 08/02/2023, for which analysts forecasted an EPS of $0.56 while estimate for next year EPS is $1.95. For TWO, analysts are forecasting an EPS-growth rate of -22.00% for current year and estimate for EPS growth in next year is 23.10%. In next quarter, company is expected to be making quarterly sales of $2.14 million as analysts are expecting the sales for current fiscal year at $-45.52 million and seeing the company making $-23.32 million in sales next year. Moreover, analysts are in estimates of $880k for current-quarter revenue.
Currently, Two Harbors Investment Corp.’s total number of outstanding shares is 92.58M with 0.50% of that held by the insiders while 58.98% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 1.80%. It has a 4.91 of forward P/E ratio. Stock’s beta reads 1.76. Stock has a price to book (P/B) ratio of 0.67 while price to sale or P/S ratio amounts to 3.05.
A filing at the U.S. Securities and Exchange Commission revealed that iShares Core S&P Small Cap ETF came shrinking its share ownership by -0.15% in the Two Harbors Investment Corp. (TWO) decreasing its stake to 7.24% with control over 10472.0 shares in the company. As per SEC documents, iShares Core S&P Small Cap ETF sought 6,990,335 of company’s common stock of worth $97.38 million as per recent closing price of the stock. iShares Core S&P Small Cap ETF is not the only institutional holder which restructured its stake in Two Harbors Investment Corp., as Allspring Special Small Cap Value picked 4,089,086 shares of worth $56.96 million to bring its holdings to a total of 37587.0 shares.
