Two Harbors Investment Corp (TWO) stock hits $13.04: Is it a good time to buy or wait for a dip?

Two Harbors Investment Corp [TWO] stock prices are up 1.56% to $13.04 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The TWO shares have lost -0.15% over the last week, with a monthly amount drifted -4.61%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Two Harbors Investment Corp [NYSE: TWO] stock has seen the most recent analyst activity on October 03, 2024, when Compass Point initiated its Buy rating and assigned the stock a price target of $15.75. Previously, Janney started tracking the stock with Buy rating on August 16, 2024, and set its price target to $15. On June 07, 2024, upgrade upgraded it’s rating to Buy but maintained its price target of $14.50 on the stock. UBS started tracking the stock assigning a Neutral rating and suggested a price target of $14.50 on December 06, 2023. Maxim Group upgraded its rating to a Buy but $19 remained the price target by the analyst firm on February 10, 2023. RBC Capital Mkts downgraded its rating to Sector Perform for this stock on November 17, 2022, and downed its price target to $16. In a note dated January 04, 2022, Citigroup initiated an Neutral rating and provided a target price of $5.50 on this stock.

The stock price of Two Harbors Investment Corp [TWO] has been fluctuating between $9.83 and $14.59 over the past year. Currently, Wall Street analysts expect the stock to reach $15.5 within the next 12 months. Two Harbors Investment Corp [NYSE: TWO] shares were valued at $13.04 at the most recent close of the market. An investor can expect a potential return of 18.87% based on the average TWO price forecast.

Analyzing the TWO fundamentals

The Two Harbors Investment Corp [NYSE:TWO] reported sales of 867.84M for trailing twelve months, representing a drop of -25.02%. Gross Profit Margin for this corporation currently stands at 2.24% with Operating Profit Margin at -3.31%, Pretax Profit Margin comes in at -1.92%, and Net Profit Margin reading is -1.41%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.06 and Total Capital is 0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 4.54.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 12.91 points at the first support level, and at 12.79 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.11, and for the 2nd resistance point, it is at 13.19.

Ratios To Look Out For

Considering the valuation of this stock, the price to sales ratio is 1.56, the price to book ratio is 0.85 and price to earnings (TTM) ratio is 36.75.

Transactions by insiders

Recent insider trading involved David B. Hughes, Officer, that happened on Aug 28 ’24 when 3082.0 shares were purchased. Chief Investment Officer, LETICA NICHOLAS completed a deal on Aug 16 ’24 to sell 8654.0 shares. Meanwhile, Officer Nicholas Letica bought 6100.0 shares on Aug 16 ’24.

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