COOP Stock Summary and Trading Ideas (Mr. Cooper Group | NASDAQ:COOP)

Mr. Cooper Group Inc is a home loan servicer. The company focuses on delivering a variety of servicing and lending products. It has operating segments namely Servicing segment which performs operational activities on behalf of investors or owners of the underlying mortgages and mortgage servicing rights, including collecting and disbursing borrower payments, investor reporting, and customer service, The Originations segment originates residential mortgage loans through a direct-to-consumer channel, which provides refinance options for existing customers, and through a correspondent channel, which purchases or originates loans from mortgage bankers and brokers, and the Corporate segment. The Servicing segment of the company generates maximum revenue.

Mr. Cooper Group trades on the NASDAQ stock market under the symbol COOP.

As of April 24, 2024, COOP stock price climbed to $81.72 with 1,015,273 million shares trading.

COOP has a beta of 0.62, meaning it tends to be less sensitive to market movements. COOP has a correlation of 0.10 to the broad based SPY ETF.

COOP has a market cap of $5.28 billion. This is considered a Mid Cap stock.

Last quarter Mr. Cooper Group reported $404 million in Revenue and $1.71 earnings per share. This fell short of revenue expectation by $-13 million and exceeded earnings estimates by $.38.

In the last 3 years, COOP stock traded as high as $81.98 and as low as $31.42.

The top ETF exchange traded funds that COOP belongs to (by Net Assets): IJR, VTI, VB, IWM, VBR.

COOP has outperformed the market in the last year with a price return of +81.7% while the SPY ETF gained +24.2%. COOP has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +25.6% and +5.4%, respectively, while the SPY returned +4.6% and -2.7%, respectively.

COOP support price is $78.20 and resistance is $80.76 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that COOP stock will trade within this expected range on the day.