Technicals Say Mr. Cooper Group Inc. (COOP) Is Worth Holding


As of Wednesday close, Mr. Cooper Group Inc.’s (NASDAQ:COOP) stock was up $0.74, moving up 1.70 percent to $44.25. The average number of shares traded per day over the past five days has been 328,300 shares. 3 times new highs have been achieved over the past 5 days, with a $1.18 gain in that time frame. In the last twenty days, the average volume was 639,740, while in the previous 50 days, it was 657,258.

Since last month, COOP stock retreated -0.90%. Shares of the company fell to $37.71 on 11/03/22, the lowest level in the past month. A 52-week high of $52.34 was reached on 02/16/22 after having rallying from a 52-week low of $35.81. Since the beginning of this year, COOP’s stock price has risen by 6.34% or $2.64, and marked a new high 10 times. However, the stock has declined by -15.46% since its 52-week high.

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COOP stock investors should be aware that Mr. Cooper Group Inc. (COOP) stock had its last reported insider trading activity 27 days ago on Oct 28. Bray Jesse K, the Chief Executive Officer of the company, disposed of 21,000 shares for $40.18 on Oct 28. It resulted in a $843,780 divestment by the insider. Bray Jesse K sold 21,000 shares at an average price of $40.89 on Sep 28. The insider now owns 760,291 shares following the transaction. On Aug 22, Chief Executive Officer Bray Jesse K sold 46,000 shares at $43.41 apiece. The transaction was valued at $1,996,860.

Valuation Metrics

Right now, Mr. Cooper Group Inc. (COOP) has a P/E ratio of about 3.08. The stock’s beta is 1.42. Besides these, the trailing price-to-sales (P/S) ratio of 1.11, the price-to-book (PB) ratio of 0.77, and the price-to-cash flow ratio of 0.47 may also be considered.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 1.40, and the total debt-to-equity ratio was 1.78. In the year ended September 29, operating margins totaled 59.10%. Based on annual data, COOP earned $1.94 billion in gross profit and brought in $3.32 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 13.70%. Return on equity (ROE) for the past 12 months was 27.80%.

In Mr. Cooper Group Inc.’s quarter-end financial report for September 29, it reported total debt of $3.07 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. COOP’s revenue fell -68.63% to $599.0 million during the quarter, while net income inched up to $510.0 million. While analysts expected Mr. Cooper Group Inc. to report $0.49 quarterly earnings, the actual figure was $0.58 per share, beating the consensus estimate by 18.40%. During the quarter, the company generated $203.0 million in EBITDA. The value of shareholders’ equity is $70.56 million.

Technical Picture

This quick technical analysis looks at Mr. Cooper Group Inc.’s (COOP) price momentum. With a historical volatility rate of 19.41%, the RSI 9-day stood at 64.28% on 23 November.

With respect to its five-day moving average, the current Mr. Cooper Group Inc. price is up by +2.74% percent or $1.18. At present, COOP shares trade +11.88% above its 20-day simple moving average and +17.75% percent above its 100-day simple moving average. However, the stock is currently trading approximately -0.96% below its SMA50 and +9.23% above its SMA200.

Stochastic coefficient K was 76.56% and Stochastic coefficient D was 73.11%, while ATR was 1.33. Given the Stochastic reading of 83.48% for the 14-day period, the RSI (14) reading has been calculated as 59.14%. As of today, the MACD Oscillator reading stands at 0.40, while the 14-day reading stands at 0.75.

Analyst Ratings

BTIG Research launched its rating on Mr. Cooper Group Inc. (NASDAQ: COOP) to a Neutral in a note to investors on April 21, 2022. Mr. Cooper Group Inc. (COOP) has been rated Overweight by analysts. According to 0 brokerage firms, COOP is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Mr. Cooper Group Inc. stock as buy, with 4 recommending it as overweight.

With a median target price of $55.00, the current consensus forecast for the stock is $40.00 – $64.00. Based on these forecasts, analysts predict Mr. Cooper Group Inc. (COOP) will achieve an average price target of $52.57.


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