Mr. Cooper Group Inc (NASDAQ: COOP)’s stock price has dropped by -2.88 in relation to previous closing price of 91.06. Nevertheless, the company has seen a loss of -8.84% in its stock price over the last five trading days. zacks.com reported 2024-10-23 that Mr Cooper (COOP) came out with quarterly earnings of $2.84 per share, beating the Zacks Consensus Estimate of $2.54 per share. This compares to earnings of $2.79 per share a year ago.
Is It Worth Investing in Mr. Cooper Group Inc (NASDAQ: COOP) Right Now?
Mr. Cooper Group Inc (NASDAQ: COOP) has a higher price-to-earnings ratio of 8.35x compared to its average ratio. COOP has 36-month beta value of 1.40. Analysts have mixed views on the stock, with 4 analysts rating it as a “buy,” 2 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for COOP is 62.12M, and currently, short sellers hold a 2.61% ratio of that float. The average trading volume of COOP on October 23, 2024 was 419.24K shares.
COOP’s Market Performance
COOP stock saw a decrease of -8.84% in the past week, with a monthly decline of -2.29% and a quarterly a decrease of -4.44%. The volatility ratio for the week is 1.93%, and the volatility levels for the last 30 days are 1.89% for Mr. Cooper Group Inc (COOP). The simple moving average for the past 20 days is -4.85% for COOP’s stock, with a 8.79% simple moving average for the past 200 days.
Analysts’ Opinion of COOP
Many brokerage firms have already submitted their reports for COOP stocks, with Keefe Bruyette repeating the rating for COOP by listing it as a “Mkt Perform.” The predicted price for COOP in the upcoming period, according to Keefe Bruyette is $95 based on the research report published on July 22, 2024 of the current year 2024.
Deutsche Bank, on the other hand, stated in their research note that they expect to see COOP reach a price target of $88. The rating they have provided for COOP stocks is “Buy” according to the report published on January 10th, 2024.
UBS gave a rating of “Buy” to COOP, setting the target price at $80 in the report published on December 06th of the previous year.
COOP Trading at -3.84% 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 unable to rebound, for now settling with -9.16% of loss for the given period.
Volatility was left at 1.89%, however, over the last 30 days, the volatility rate increased by 1.93%, as shares sank -3.43% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.94% upper at present.
During the last 5 trading sessions, COOP fell by -9.71%, which changed the moving average for the period of 200-days by +37.53% in comparison to the 20-day moving average, which settled at $92.90. In addition, Mr. Cooper Group Inc saw 35.80% 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 30,000 shares at the price of $90.99 back on Oct 01 ’24. After this action, Bray Jesse K now owns 179,631 shares of Mr. Cooper Group Inc, valued at $2,729,700 using the latest closing price.
Jesse K. Bray, the Director of Mr. Cooper Group Inc, proposed sale 90,000 shares at $91.71 during a trade that took place back on Oct 01 ’24, which means that Jesse K. Bray is holding shares at $8,253,900 based on the most recent closing price.
Stock Fundamentals for COOP
Current profitability levels for the company are sitting at:
- 0.39 for the present operating margin
- 0.48 for the gross margin
The net margin for Mr. Cooper Group Inc stands at 0.31. The total capital return value is set at 0.1. Equity return is now at value 16.28, with 4.88 for asset returns.
Based on Mr. Cooper Group Inc (COOP), the company’s capital structure generated 0.68 points at debt to capital in total, while cash flow to debt ratio is standing at 0.06. The debt to equity ratio resting at 2.15. The interest coverage ratio of the stock is -2.56.
Currently, EBITDA for the company is 555.0 million with net debt to EBITDA at 10.26. When we switch over and look at the enterprise to sales, we see a ratio of 6.51. The receivables turnover for the company is 2.43for trailing twelve months and the total asset turnover is 0.14.
Conclusion
To put it simply, Mr. Cooper Group Inc (COOP) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
