Two Harbors Investment Corp (NYSE:TWO) shares, rose in value on Friday, May 09, with the stock price down by -0.84% to the previous day’s close as strong demand from buyers drove the stock to $11.76.
Actively observing the price movement in the last trading, the stock closed the session at $11.86. Referring to stock’s 52-week performance, its high was $14.28, and the low was $10.16. On the whole, TWO has fluctuated by 3.16% over the past month.
With the market capitalization of Two Harbors Investment Corp currently standing at about $1.22 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 1.80, with its dividend yield at 15.31%.
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 Hold while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of TWO currently trading nearly 2.39% and -6.06% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 48.06, while the 7-day volatility ratio is showing 1.93% which for the 30-day chart, stands at 3.31%. Furthermore, Two Harbors Investment Corp (TWO)’s beta value is 1.38, and its average true range (ATR) is 0.39.
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 -0.84% in last session, and over the past year, it shrunk by -7.50%%.
Data on historical trading for Two Harbors Investment Corp (NYSE:TWO) indicates that the trading volumes over the past 3 months, they’ve averaged 1.51 million. According to company’s latest data on outstanding shares, there are 104.03 million shares outstanding.
Nearly 1.42% of Two Harbors Investment Corp’s shares belong to company insiders and institutional investors own 71.15% of the company’s shares. The stock has fallen by -0.59% 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.
