Mr. Cooper Group Inc (COOP): A Case For Going Higher

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Most recently, Yahoo Finance reported about the stock as it publicized that Mr. Cooper Group Reports Fourth Quarter 2023 Results.

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Stocks Info

Mr. Cooper Group Inc is listed on the NASDAQ as a member of the Financial sector and is a part of the Mortgage Finance industry. At the end of the last regular session, the stock closed at $71.97 and fluctuated between $72.64 as its day high and $65.80 as its day low. The current market capitalization of Mr. Cooper Group Inc is $4.65B. A total of 2.19 million shares were traded on the day, compared to an average of 4.16 shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, COOP has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 16 BUYs and 27 SELLs from insiders. Insiders purchased 863,003 shares during that period but sold 635,341.

In the most recent transaction, Bray Jesse K sold 25,000 shares of COOP for 67.56 per share on Jan 29. After the transaction, the Chief Executive Officer now owns 391,051 company shares. In a previous transaction on Dec 29, Bray Jesse K sold 25,000 shares at 65.37 per share. COOP shares that Chief Executive Officer owns now total 416,051.

Among the insiders who sold shares, Bray Jesse K disposed of 25,000 shares on Nov 29 at a per-share price of $60.62. This resulted in the Chief Executive Officer holding 441,051 shares of COOP after the transaction. In another insider transaction, Bray Jesse K sold 25,000 shares at $56.34 per share on Oct 30. Company shares held by the Chief Executive Officer now total 466,051.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for COOP in the last 3 months, the mean price target is $81.88 with high estimates of $88.00 and low estimates of $74.00. In terms of 52-week highs and lows, COOP has a high of $69.05 and a low of $37.54.

As of this writing, COOP has an earnings estimate of $1.33 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $1.74 per share and a lower estimate of $1.04. The company reported an EPS of $1.66 in the last quarter, which was 37.20% higher than expectations of $1.21.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. COOP’s latest balance sheet shows that the firm has $895.00M in Cash & Short Term Investments as of fiscal 2021. There were $7.67B in debt and $7.39B in liabilities at the time. Its Book Value Per Share was $66.28, while its Total Shareholder’s Equity was $3.37B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for COOP is Buy with a score of 4.44.

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