Mr. Cooper Group Inc (NASDAQ: COOP) is 34.17% higher on its value in year-to-date trading and has touched a low of $52.50 and a high of $97.35 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The COOP stock was last observed hovering at around $91.06 in the last trading session, with the day’s loss setting it -3.69%.
Currently trading at $87.37, the stock is -5.94% and -4.98% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.5 million and changing -4.05% at the moment leaves the stock 7.49% off its SMA200. COOP registered 65.85% gain for a year compared to 6-month gain of 6.91%. The firm has a 50-day simple moving average (SMA 50) of $91.9452 and a 200-day simple moving average (SMA200) of $81.285.
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The stock witnessed a -3.47% loss in the last 1 month and extending the period to 3 months gives it a -5.59%, and is -9.94% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.04% over the week and 2.09% over the month.
Mr. Cooper Group Inc (COOP) has around 6800 employees, a market worth around $5.63B and $2.07B in sales. Current P/E ratio is 8.25 and Fwd P/E is 6.71. Profit margin for the company is 34.17%. Distance from 52-week low is 66.41% and -10.25% from its 52-week high. The company has generated returns on investments over the last 12 months (5.76%).
Mr. Cooper Group Inc quarterly earnings per share for the current quarter are estimated at 2.58 with sales reaching $541.71M over the same period.The EPS is expected to grow by 39.20% this year, but quarterly earnings will post 25.60% year-over-year. Quarterly sales are estimated to shrink -5.60% in year-over-year returns.
453.0 institutions hold shares in Mr. Cooper Group Inc (COOP), with institutional investors hold 92.84% of the company’s shares. The shares outstanding are 64.60M, and float is at 62.12M with Short Float at 2.61%. Institutions hold 89.50% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 10.11 million shares valued at $821.25 million. The investor’s holdings represent 15.6434 of the COOP Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 7.29 million shares valued at $592.1 million to account for 11.2784 of the shares outstanding. The other top investors are COOPERMAN LEON G which holds 2.86 million shares representing 4.4262 and valued at over $232.37 million, while STATE STREET CORP holds 4.1394 of the shares totaling 2.68 million with a market value of $217.31 million.
Mr. Cooper Group Inc (COOP) Insider Activity
The most recent transaction is an insider sale by Bray Jesse K, the company’s Chief Executive Officer. SEC filings show that Bray Jesse K sold 30,000 shares of the company’s common stock on Oct 01 ’24 at a price of $90.99 per share for a total of $2.73 million. Following the sale, the insider now owns 0.18 million shares.
Still, SEC filings show that on Aug 29 ’24, Bray Jesse K (Chief Executive Officer) disposed off 25,000 shares at an average price of $92.57 for $2.31 million. The insider now directly holds 209,631 shares of Mr. Cooper Group Inc (COOP).
