Mr. Cooper Group Inc (NASDAQ: COOP) has seen a rise in its stock price by 2.82 in relation to its previous close of 79.48. However, the company has experienced a 7.94% gain in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-24 that Mr. Cooper Group Inc. (NASDAQ:COOP ) Q1 2024 Earnings Conference Call April 24, 2024 10:00 AM ET Company Participants Ken Posner – SVP of Strategic Planning and IR Jay Bray – Chairman & CEO Mike Weinbach – President Kurt Johnson – EVP& CFO Conference Call Participants Crispin Love – Piper Sandler Bose George – KBW Doug Harter – UBS Kyle Joseph – Jefferies Giuliano Bologna – Compass Point Terry Ma – Barclays Eric Hagen – BTIG Ken Posner Good morning and welcome to Mr. Cooper Group’s First Quarter Earnings Call.
Is It Worth Investing in Mr. Cooper Group Inc (NASDAQ: COOP) Right Now?
Mr. Cooper Group Inc (NASDAQ: COOP) has a price-to-earnings ratio of 11.12x that is above its average ratio. Additionally, the 36-month beta value for COOP is 1.41. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for COOP is 62.24M and currently, short sellers hold a 2.35% ratio of that float. The average trading volume of COOP on April 25, 2024 was 484.36K shares.
COOP’s Market Performance
The stock of Mr. Cooper Group Inc (COOP) has seen a 7.94% increase in the past week, with a 7.77% rise in the past month, and a 26.64% gain in the past quarter. The volatility ratio for the week is 2.54%, and the volatility levels for the past 30 days are at 2.14% for COOP. The simple moving average for the last 20 days is 6.45% for COOP stock, with a simple moving average of 30.29% for the last 200 days.
Analysts’ Opinion of COOP
Many brokerage firms have already submitted their reports for COOP stocks, with Deutsche Bank repeating the rating for COOP by listing it as a “Buy.” The predicted price for COOP in the upcoming period, according to Deutsche Bank is $88 based on the research report published on January 10, 2024 of the current year 2024.
UBS, on the other hand, stated in their research note that they expect to see COOP reach a price target of $80. The rating they have provided for COOP stocks is “Buy” according to the report published on December 06th, 2023.
Barclays gave a rating of “Overweight” to COOP, setting the target price at $74 in the report published on November 15th of the previous year.
COOP Trading at 9.54% from the 50-Day Moving Average
After a stumble in the market that brought COOP to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 1.88% of gains for the given period.
Volatility was left at 2.14%, however, over the last 30 days, the volatility rate increased by 2.54%, as shares surge +7.87% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.27% upper at present.
During the last 5 trading sessions, COOP rose by +7.94%, which changed the moving average for the period of 200-days by +63.18% in comparison to the 20-day moving average, which settled at $77.07. In addition, Mr. Cooper Group Inc saw 25.49% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at COOP starting from Bray Jesse K, who sale 25,000 shares at the price of $78.09 back on Mar 28 ’24. After this action, Bray Jesse K now owns 334,631 shares of Mr. Cooper Group Inc, valued at $1,952,250 using the latest closing price.
Bray Jesse K, the Chief Executive Officer of Mr. Cooper Group Inc, sale 25,000 shares at $71.61 during a trade that took place back on Feb 29 ’24, which means that Bray Jesse K is holding 366,051 shares at $1,790,250 based on the most recent closing price.
Stock Fundamentals for COOP
Current profitability levels for the company are sitting at:
- 0.37 for the present operating margin
- 0.57 for the gross margin
The net margin for Mr. Cooper Group Inc stands at 0.3. The total capital return value is set at 0.05. Equity return is now at value 11.99, with 3.71 for asset returns.
Currently, EBITDA for the company is 555.0 million with net debt to EBITDA at -0.72. When we switch over and look at the enterprise to sales, we see a ratio of 2.19. The receivables turnover for the company is 2.35for trailing twelve months and the total asset turnover is 0.15.
Conclusion
In conclusion, Mr. Cooper Group Inc (COOP) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
