Two Harbors Investment Corp (NYSE: TWO) is -6.82% lower on its value in year-to-date trading and has touched a low of $9.83 and a high of $14.59 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The TWO stock was last observed hovering at around $13.04 in the last trading session, with the day’s loss setting it -0.06%.
Currently trading at $12.98, the stock is -6.12% and -5.20% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.09 million and changing -0.46% at the moment leaves the stock -1.56% off its SMA200. TWO registered 5.02% gain for a year compared to 6-month gain of 4.26%. The firm has a 50-day simple moving average (SMA 50) of $13.6762 and a 200-day simple moving average (SMA200) of $13.1786.
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The stock witnessed a -7.68% loss in the last 1 month and extending the period to 3 months gives it a -1.22%, and is -5.05% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.48% over the week and 1.55% over the month.
Two Harbors Investment Corp (TWO) has around 466 employees, a market worth around $1.34B and $867.84M in sales. Current P/E ratio is 36.58 and Fwd P/E is 7.48. Profit margin for the company is 9.95%. Distance from 52-week low is 32.04% and -11.03% from its 52-week high. The company has generated returns on investments over the last 12 months (2.48%).
Two Harbors Investment Corp quarterly earnings per share for the current quarter are estimated at 0.27 with sales reaching -$34.03M over the same period.The EPS is expected to grow by 1948.57% this year, but quarterly earnings will post -10.60% year-over-year. Quarterly sales are estimated to grow 265.10% in year-over-year returns.
271.0 institutions hold shares in Two Harbors Investment Corp (TWO), with institutional investors hold 67.32% of the company’s shares. The shares outstanding are 103.21M, and float is at 102.52M with Short Float at 3.14%. Institutions hold 66.83% of the Float.
Two Harbors Investment Corp (TWO) Insider Activity
Two Harbors Investment Corp disclosed in a document filed with the SEC on Aug 16 ’24 that LETICA NICHOLAS (Chief Investment Officer) sold a total of 8,654 shares of the company’s common stock. The trade occurred on Aug 16 ’24 and was made at $13.63 per share for $0.12 million. Following the transaction, the insider now directly holds 0.11 million shares of the TWO stock.
Still, SEC filings show that on Aug 16 ’24, Nicholas Letica (Officer) Proposed Sale 6,100 shares at an average price of $13.38 for $81618.0. The insider now directly holds shares of Two Harbors Investment Corp (TWO).
