The stock of Mr. Cooper Group Inc. (NASDAQ:COOP) decreased by -$0.58 on Friday to finish at $55.53, down -1.03 percent. The last five days have seen an average of 453,480 shares of common stock traded. 33 times new highs were reached in the current year, with a gain of $15.40. The average number of shares traded over the last 20 days was 444,955, while the average volume over the last 50 days totaled 614,654.
COOP stock dropped -6.33% since last month. On 07/26/23, the company’s shares reached a one-month low of $54.60. The stock touched a high of $60.68 on 07/27/23, after rallying from a low of $37.54 in 52 weeks. The price of COOP stock has risen by 38.38% or $15.40 this year, reaching a new high 33 times. Still, the stock price is down -8.49% from the 52-week high.
Insider Transactions
COOP stock investors should be aware that Mr. Cooper Group Inc. (COOP) stock had its last reported insider trading activity 26 days ago on Aug 02. On Aug 02, EVP & CEO-Xome Rawls Michael R sold 33,000 shares at $59.17 each. This transaction resulted in the insider making $1,952,610. On Jul 28, Bray Jesse K sold 21,000 shares at a price of US$58.72. After the transaction, the insider now owns 538,821 shares. Chief Executive Officer Bray Jesse K had earlier sold 21,000 shares on Jun 28 for $50.22 a share. The transaction was completed for $1,054,620.
Valuation Metrics
Mr. Cooper Group Inc. (COOP) has a trailing price-to-earnings (P/E) ratio of 13.35. Beta for the stock is 1.57. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.30, the price-to-book (PB) ratio of 0.92, and the price-to-cash flow ratio of 2.93.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.52, and the total debt to equity ratio is 1.92. Mr. Cooper Group Inc.’s operating margin stood at 29.60% for the same period. Based on annual data, it had gross profit of $1.21 billion and revenue of $2.46 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. COOP’s return on assets (ROA) during the last 12 months has been 2.30%. There was a 9.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 7.20%.
Earnings Surprise
According to Mr. Cooper Group Inc.’s quarterly financial report for the quarter that ended June 29. It was predicted that Mr. Cooper Group Inc.’s quarterly earnings would be $1.66, but it ended up being $1.21, beating the consensus by 37.20%. At the end of Mr. Cooper Group Inc.’s most recent quarter ended June 29, its total debt was $7.84 billion. Equity owned by shareholders amounts to $66.85 million.
Technical Picture
Here’s a quick look at Mr. Cooper Group Inc.’s (COOP) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 39.23%, suggesting the stock is Neutral, with a 15.83% historical volatility rate.
The stochastic %K and %D were 18.89% and 16.54% respectively, while the average true range (ATR) was 1.29. Based on the 14-day stochastic reading of 16.29%, the RSI (14) reading is 46.73%. On the 9-day MACD Oscillator, the stock is at -0.29, and the 14-day reading is at -0.73.
Analyst Ratings
In its analyst report released on April 21, 2022, BTIG Research began covering Mr. Cooper Group Inc. (NASDAQ: COOP). The stock was rated as a Neutral by the brokerage firm. Analysts have assigned Mr. Cooper Group Inc. (COOP) an Overweight rating. COOP is a stock that is recommended for selling by 0 brokerage firms, while 3 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 4 others recommend it as a buy.
What is COOP’s price target for the next 12 months?
The current consensus forecast for the stock is between $58.00 and $72.00, with a median target price of $64.00. In analyzing these forecasts, the average price target given by analysts for Mr. Cooper Group Inc. (COOP) is $65.00.
