Two Harbors Investment Corp (NYSE:TWO) shares, rose in value, with the stock price up by 1.38% to the previous day’s close as strong demand from buyers drove the stock to $12.53.
Actively observing the price movement in the last trading, the stock closed the session at $12.36. The value of beta (5-year monthly) was 1.87. Referring to stock’s 52-week performance, its high was $14.59, and the low was $9.83. On the whole, TWO has fluctuated by -4.79% over the past month.
With the market capitalization of Two Harbors Investment Corp currently standing at about $1.30 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 29, 2024 – May 03, 2024. The company’s Forward Dividend Ratio is 1.80, with its dividend yield at 14.37%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at -71.47M, with a low estimate of -39M and a high estimate of -100k. Wall Street analysts also predicted that the company’s y-o-y revenues would reach -18.42M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that TWO’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of TWO currently trading nearly 1.53% and -0.74% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 52.55, while the 7-day volatility ratio is showing 1.90% which for the 30-day chart, stands at 2.11%. Furthermore, Two Harbors Investment Corp (TWO)’s beta value is 1.86, and its average true range (ATR) is 0.28.
A comparison of Two Harbors Investment Corp (TWO) with its peers suggests the former has fared considerably weaker in the market. TWO showed an intraday change of 1.38% in last session, and over the past year, it shrunk by -7.53%%.
Data on historical trading for Two Harbors Investment Corp (NYSE:TWO) indicates that the trading volumes over the past 3 months, they’ve averaged 1.17 million. According to company’s latest data on outstanding shares, there are 103.21 million shares outstanding.
Nearly 1.03% of Two Harbors Investment Corp’s shares belong to company insiders and institutional investors own 66.11% of the company’s shares. The stock has fallen by -10.05% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TWO stock heading into the next quarter.
