Mr. Cooper Group Inc. stock trades under the ticker COOP & has shown recent bullish behavior that traders & investors should take a closer look into.
COOP stock closed at $45.06/share on 4/18/2022.
Mr. Cooper Group Inc. COOP Stock’s Technicals Broken Down
COOP Stock Price: $45.06
10 Day Moving Average: $42.29
50 Day Moving Average: $46.55
200 Day Moving Average: $41.80
RSI: 51.9
MACD: -1.255
Yesterday, COOP stock completed a bullish MACD crossover, on its 4th straight day of gains from April’s low price.
With slightly above average trading volume compared to the year prior & a neutral RSI, there looks to be more near-term momentum for COOP stock to continue climbing.
They will need to test & break out above the $45.24, $45.92 & $46.31 resistance levels as they continue to climb.
Mr. Cooper Group Inc. COOP Stock As A Long-Term Investment
Long-term oriented investors will like COOP stock’s valuation metrics, with a P/E (ttm) of 2.62 & a P/B (mrq) of 0.97.
Investors may be concerned by the -33.8% reported quarterly revenue growth Y-o-Y, as well as COOP’s -18.8% quarterly earnings growth Y-o-Y drop.
Their balance sheet may also be an area for concern that will require a closer examination, as they report $1.03B in Total Cash (mrq), with $9.29B in Total Debt (mrq).
COOP stock does not pay a dividend, but still enjoys 87% of its share float being held by institutional investors.
Mr. Cooper Group Inc. COOP Stock As A Short-Term Trade Using Options
Traders focused on the near-term can use options to profit from price movements in Mr. Cooper Group Inc.’s share price.
I am looking at the contracts with the 5/20 expiration.
The $35, $40 & $45 calls all look appealing, although only the latter has open interest levels above 500 (5,441 for $45).
The $70, $60 & $50 puts also look good, although they are less liquid than the calls mentioned above, which may bother some traders.
Tying It All Together
Overall, COOP stock is worth taking a closer look at regardless of your trading style.
Investors will like their valuation metrics, but may be disappointed by their balance sheet & lack of a dividend.
Traders will like their current momentum, but may not like the open interest levels on their options contracts.
Check out more information on COOP stock to see if it is right for your portfolio!
*** I DO NOT OWN SHARES OF COOP STOCK ***