Two Harbors Investment Corp. (NYSE:TWO) Relative Strength Index (RSI) is 45.37, with weekly volatility at 1.62% and ATR at 0.18. The TWO stock’s 52-week price range has touched low of $4.51 and a $7.89 high. Intraday shares traded counted 2.73 million, which was 22.76% higher than its 30-day average trading volume of 3.53M. Its shares traded higher over the last trading session, gaining 0.14% on 05/24/21. The shares fell to a low of $7.04 before closing at $7.15. TWO’s previous close was $7.14 while the outstanding shares total 273.71M. The firm has a beta of 1.84, a 12-month trailing P/E ratio of 5.27.
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 $1.97 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.
Potential earnings growth for Two Harbors Investment Corp. (TWO)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/10/2021 quarter of the year, Two Harbors Investment Corp. recorded a total of 56.11 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -355.38% coming in sequential stages and their sales for the 08/10/2021 quarter reducing by -29.21%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 40.62 million trying to sell their products during the last quarter, with the result yielding a gross income of 15.49 million. This allows shareholders to hold on to 273.71M with the recently reported earning now reading 0.81 cents per share. This is a figure that compared to analyst’s prediction for their 08/10/2021 (0.17 cents a share).
Having a look at the company’s valuation, the company is expected to record 0.97 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, Director, SIERING THOMAS sold 52,376 shares of the company’s stock in a transaction that recorded on May 18. The sale was performed at an average price of 7.23, for a total value of 378,804. As the sale deal closes, the Director, SIERING THOMAS now sold 100,000 shares of the company’s stock, valued at 709,260. Also, Director, SIERING THOMAS sold 200,000 shares of the company’s stock in a deal that was recorded on May 13. The shares were price at an average price of 6.98 per share, with a total market value of 1,395,120. Following this completion of acquisition, the President and CEO, GREENBERG WILLIAM ROSS now holds 17,500 shares of the company’s stock, valued at 114,245. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.40%.
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 $7.50.