Two Harbors Investment Corp. (NYSE:TWO) shares traded higher over the last trading session, gaining 2.28% on 05/14/21. The shares fell to a low of $7.06 before closing at $7.18. Intraday shares traded counted 2.75 million, which was 26.6% higher than its 30-day average trading volume of 3.74M. TWO’s previous close was $7.02 while the outstanding shares total 273.71M. The firm has a beta of 1.84, a 12-month trailing P/E ratio of 5.29. The stock’s Relative Strength Index (RSI) is 45.90, with weekly volatility at 2.48% and ATR at 0.21. The TWO stock’s 52-week price range has touched low of $3.84 and a $7.89 high.
Investors have identified the REIT – Mortgage company Two Harbors Investment Corp. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $1.92 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Having a look at the company’s valuation, the company is expected to record 0.93 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on TWO sounds very interesting.
Is the stock of TWO attractive?
In related news, President and CEO, GREENBERG WILLIAM ROSS bought 17,500 shares of the company’s stock in a transaction that recorded on Feb 18. The purchase was performed at an average price of 6.53, for a total value of 114,245. As the purchase deal closes, the Chief Investment Officer, KOEPPEN MATTHEW now bought 20,000 shares of the company’s stock, valued at 133,292. Also, President and CEO, GREENBERG WILLIAM ROSS bought 17,500 shares of the company’s stock in a deal that was recorded on Feb 17. The shares were cost at an average price of 6.62 per share, with a total market value of 115,938. Following this completion of disposal, the President and CEO, GREENBERG WILLIAM ROSS now holds 27,813 shares of the company’s stock, valued at 169,184. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.20%.
3 out of 10 analysts covering the stock have rated it a Buy, while 7 have maintained a Hold recommendation on Two Harbors Investment Corp.. 0 analysts has assigned a Sell rating on the TWO stock. The 12-month mean consensus price target for the company’s shares has been set at $7.38.