On Tuesday, Two Harbors Investment Corp (NYSE: TWO) opened higher 2.17% from the last session ,before settling in for the closing price of $12.43. Price fluctuations for TWO have ranged from $9.83 to $14.59 over the past 52 weeks.
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Real Estate Sector giant saw their annual sales surged by 1039.15% over the last five years. Company’s average yearly earnings per share was noted 2654.76% at the time writing. With a float of $102.36 million, this company’s outstanding shares have now reached $103.21 million.
The firm has a total of 466 workers. Let’s measure their productivity.
Two Harbors Investment Corp (TWO) Insider Activity
A key investor’s attitude towards the stock of the REIT – Mortgage industry is another important factor to consider. The insider ownership of Two Harbors Investment Corp is 1.03%, while institutional ownership is 66.09%. The most recent insider transaction that took place on Feb 27 ’24, was worth 47,566. In this transaction Chief Risk Officer of this company sold 3,775 shares at a rate of $12.60, taking the stock ownership to the 69,176 shares. Before that another transaction happened on Feb 27 ’24, when Company’s Chief Operating Officer sold 1,980 for $12.60, making the entire transaction worth $24,948. This insider now owns 44,035 shares in total.
Two Harbors Investment Corp (TWO) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 12/30/2023, the company posted -$0.11 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at -$0.06) by -$0.05. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.38 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 2654.76% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 3.33% during the next five years compared to 5.69% growth over the previous five years of trading.
Two Harbors Investment Corp (NYSE: TWO) Trading Performance Indicators
Check out the current performance indicators for Two Harbors Investment Corp (TWO). In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.99. Likewise, its price to free cash flow for the trailing twelve months is 3.82.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.05, a number that is poised to hit 0.45 in the next quarter and is forecasted to reach 1.93 in one year’s time.
Technical Analysis of Two Harbors Investment Corp (TWO)
Analysing the last 5-days average volume posted by the [Two Harbors Investment Corp, TWO], we can find that recorded value of 1.0 million was lower than the volume posted last year of 1.24 million. As of the previous 9 days, the stock’s Stochastic %D was 21.47%. Additionally, its Average True Range was 0.27.
During the past 100 days, Two Harbors Investment Corp’s (TWO) raw stochastic average was set at 24.70%, which indicates a significant decrease from 41.35% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 25.69% in the past 14 days, which was lower than the 25.93% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $12.75, while its 200-day Moving Average is $13.11. Now, the first resistance to watch is $12.79. This is followed by the second major resistance level at $12.89. The third major resistance level sits at $13.07. If the price goes on to break the first support level at $12.51, it is likely to go to the next support level at $12.33. Should the price break the second support level, the third support level stands at $12.23.
Two Harbors Investment Corp (NYSE: TWO) Key Stats
There are currently 103,474K shares outstanding in the company with a market cap of 1.31 billion. Presently, the company’s annual sales total 480,360 K according to its annual income of -106,370 K. Last quarter, the company’s sales amounted to 122,400 K and its income totaled -433,200 K.
