What You Need To Know About Mr. Cooper Group Inc. (COOP)

Mr. Cooper Group Inc. (NASDAQ:COOP) finished Friday with a subtraction of -$0.21 to close at $44.17, a downside of -0.47 percent. An average of 592,660 shares of common stock have been traded in the last five days. There was a gain of $1.70 in the past week, and it reached a new high 50 times over the past 12 months. The last 20 days have seen an average of 645,905 shares traded, while the 50-day average volume stands at 803,482.

COOP stock has increased by 9.74% in the last month. The company shares reached their 1-month lowest point of $39.96 on 09/24/21. With the stock rallying to its 52-week high on 10/22/21, shares of the company touched a low of $20.20 and a high of $44.66 in 52 weeks. It has reached a new high 29 times so far this year and achieved 42.35% or $13.14 in price. In spite of this, the price is down -1.10% from the 52-week high.


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Insider Transactions

3 days have passed since Mr. Cooper Group Inc. (COOP) last reported insider trading activity. Bray Jesse K, who is Chief Executive Officer, most recently acquired $10,000 shares at $44.03 per share on Oct 20. In this transaction, the insider spent $440,300. Chief Executive Officer, Bray Jesse K, disposed of 10,000 shares at a price of $41.25 on Sep 27. The insider now owns more than $412,533 worth of shares. Prior to that, EVP and Chief Legal Officer BURNS ELDRIDGE A went on to Sale 3,436 shares at $39.90 each on Sep 03. An amount of $137,096 was transacted.

Valuation Metrics

Mr. Cooper Group Inc. (COOP) has a trailing price-to-earnings (P/E) ratio of 2.95, which compares with the 16.80 for the broader industry and 13.15 for the sector. In the last five years, Mr. Cooper Group Inc.’s PE ratio has ranged between 88.41 and 1.774. The stock’s beta is 1.54. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.06, the price-to-book (PB) ratio at 1.14.

Further, the company has a long term debt to equity ratio of 2.80 and a total debt to equity ratio of 4.01 for the quarter ending June 29. Its gross profit as reported stood at $399.0 million compared to revenue of $2.73 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Mr. Cooper Group Inc.’s return on assets was 5.90%. For the broader industry, ROE averaged 11.10 over the past year.

Earnings Surprise

For the three-month period that ended June 29, Mr. Cooper Group Inc. had $7.31 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $435.0 million in the quarter, while revenues were grew 83.45%. The analyst consensus anticipated Mr. Cooper Group Inc.’s latest quarter earnings to come in at $1.56 per share, but it turned out to be $1.92, a 23.10% surprise. For the quarter, EBITDA amounted to $164.0 million. At the end of the quarter ending June 29, Mr. Cooper Group Inc.’s stock balance sheet showed total debt was $13.44 billion. Shareholders own equity worth $86.15 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Mr. Cooper Group Inc. (COOP) price momentum. RSI 9-day as of the close on 22 October was 75.03%, suggesting the stock is Overbought, with historical volatility in this time frame at 17.26%.

As of today, COOP’s price is $43.79 +4.00% or $1.70 from its 5-day moving average. COOP is currently trading +9.44% higher than its 20-day SMA and +31.62% higher than its 100-day SMA. However, the stock’s current price level is +14.43% above the SMA50 and +45.97% above the SMA200.

The stochastic %K and %D were 87.62% and 85.73%, respectively, and the average true range (ATR) was 1.00. With the 14-day stochastic at 83.80% and the average true range at 0.98, the RSI (14) stands at 72.62%. The stock has reached 1.05 on the 9-day MACD Oscillator while the 14-day reading was at 1.70.

Analyst Ratings

Barclays downgraded Mr. Cooper Group Inc. (NASDAQ: COOP) to a an Equal weight rating in its most recent analyst report. Previously, the stock was rated as an Overweight. The consensus rating for Mr. Cooper Group Inc. (COOP) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell COOP, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 4 others rate it as a “buy”.

What is COOP’s price target for the next 12 months?

Analysts predict a range of price targets between $38.00 and $50.00, with a median target of $46.00. Taking a look at these predictions, the average price target given by analysts for Mr. Cooper Group Inc. (COOP) stock is $44.29.

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