Mr. Cooper Group Inc. (NASDAQ:COOP) saw an upside of 0.22% to close Tuesday at $41.50 after adding $0.09 on the day. The 5-day average trading volume is 721,420 shares of the company’s common stock. It has gained $42.16 in the past week. An average of 956,385 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 781,162.
COOP’s 1-month performance is 0.51% or $0.21 on its low of $38.64 reached on 09/20/21. The company’s shares have touched a 52-week low of $20.20 and high of $42.14, with the stock’s rally to the 52-week high happening on 10/12/21. YTD, COOP has achieved 33.74% or $10.47. However, the current price is down -1.52%% from the 52-week high price.
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On Sep 27, 16 days have gone by since the last insider trading activity for Mr. Cooper Group Inc. (COOP). Bray Jesse K (Chief Executive Officer) most recently sold 10,000 shares at $41.25 per share on Sep 27. This transaction cost the insider $412,533. EVP and Chief Legal Officer, BURNS ELDRIDGE A, sold 3,436 shares at a price of $39.90 on Sep 03. Then, on Aug 19, Director GIDEL ROBERT H sold 40,000 shares at a price of $37.56 per share. This transaction amounted to $1,502,400.
The company’s PE ratio for the last five years has touched a high of 88.41 and a low of 1.774. COOP stock has a beta of 1.54. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.98 while the price-to-book (PB) in the most recent quarter is 1.07.
As well, the company’s long term debt to equity for the quarter ending June 29 was 2.80, while the total debt to equity was 4.01 while for the period ending June 29; Mr. Cooper Group Inc.’s operating margin was 45.80%. The firm’s gross profit as reported stood at $399.0 million against revenue of $2.73 billion.
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -9.76% to $574.0 million, while revenue of $1.27 billion was -120.73% off the previous quarter. Analysts expected COOP to announce $1.56 per share in earnings in its latest quarter, but it posted $1.92, representing a 23.10% surprise. EBITDA for the quarter stood at more than $164.0 million. COOP stock balance sheet for the quarter ending June 29 shows that, with total debt at $13.44 billion. Shareholders hold equity totaling $86.15 million
Let’s look briefly at Mr. Cooper Group Inc. (COOP) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 63.74% to suggest the stock is trending Neutral, with historical volatility in this time period at 8.27%.
The stock’s 5-day moving average is $41.39, reflecting a +0.56% or $0.23 change from its current price. COOP is currently trading +3.00% above its 20-day SMA, +24.48% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +12.10% and +35.62% respectively.
Stochastic %K and %D was 66.79% and 71.54% and the average true range (ATR) pointed at 0.88. The RSI (14) points at 63.03%, while the 14-day stochastic is at 70.00% with the period’s ATR at 0.91. The stock’s 9-day MACD Oscillator is pointing at 0.00 and 0.28 on the 14-day charts.
In the most recent analyst report for Mr. Cooper Group Inc. (NASDAQ: COOP), Barclays downgraded it to an Equal weight rating. They previously had an Overweight rating on the stock. Analysts offering their rating for COOP stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate COOP as a “sell,”, while 3 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 4 have offered a “buy” rating.
What is COOP’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $38.00 and a high of $50.00, with their median price target at $46.00. Looking at these predictions, the average price target given by analysts is for Mr. Cooper Group Inc. (COOP) stock is $44.29.