MRC Global Inc. (NYSE:MRC) went down by -4.65% from its latest closing price compared to the recent 1-year high of $10.45. The company’s stock price has collected -10.77% of loss in the last five trading sessions. Press Release reported on 02/15/21 that MRC Global Celebrates 100th Anniversary
Is It Worth Investing in MRC Global Inc. (NYSE :MRC) Right Now?
Plus, the 36-month beta value for MRC is at 2.57. Opinions of the stock are interesting as 3 analysts out of 8 who provided ratings for MRC Global Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 4 rated it as “hold,” and 0 as “sell.”
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The average price from analysts is $9.57, which is $0.93 above the current price. MRC currently public float of 78.46M and currently shorts hold a 5.08% ratio of that float. Today, the average trading volume of MRC was 568.00K shares.
MRC’s Market Performance
MRC stocks went down by -10.77% for the week, with a monthly jump of 7.89% and a quarterly performance of 39.69%, while its annual performance rate touched -17.67%. The volatility ratio for the week stands at 4.84% while the volatility levels for the past 30 days are set at 7.09% for MRC Global Inc.. The simple moving average for the period of the last 20 days is -0.50% for MRC stocks with a simple moving average of 36.31% for the last 200 days.
Analysts’ Opinion of MRC
Many brokerage firms have already submitted their reports for MRC stocks, with JP Morgan repeating the rating for MRC by listing it as a “Neutral.” The predicted price for MRC in the upcoming period, according to JP Morgan is $7 based on the research report published on February 19th of the current year 2021.
Stephens, on the other hand, stated in their research note that they expect to see MRC reach a price target of $6. The rating they have provided for MRC stocks is “Overweight” according to the report published on October 16th, 2020.
Stifel gave a rating of “Buy” to MRC, setting the target price at $7 in the report published on March 11th of the previous year.
MRC Trading at 9.97% from the 50-Day Moving Average
After a stumble in the market that brought MRC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -21.53% of loss for the given period.
Volatility was left at 7.09%, however, over the last 30 days, the volatility rate increased by 4.84%, as shares surge +12.18% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +27.13% upper at present.
During the last 5 trading sessions, MRC fell by -10.77%, which changed the moving average for the period of 200-days by +91.59% in comparison to the 20-day moving average, which settled at $8.29. In addition, MRC Global Inc. saw 23.68% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at MRC starting from BEST RHYS J, who purchase 10,000 shares at the price of $3.96 back on Mar 20. After this action, BEST RHYS J now owns 104,689 shares of MRC Global Inc., valued at $39,600 using the latest closing price.
Adams Deborah G, the Director of MRC Global Inc., purchase 10,000 shares at $3.69 during a trade that took place back on Mar 19, which means that Adams Deborah G is holding 27,428 shares at $36,900 based on the most recent closing price.
Stock Fundamentals for MRC
Current profitability levels for the company are sitting at:
- +0.39 for the present operating margin
- +16.84 for the gross margin
The net margin for MRC Global Inc. stands at -10.70. The total capital return value is set at 0.65, while invested capital returns managed to touch -18.38. Equity return is now at value -72.00, with -15.40 for asset returns.
Based on MRC Global Inc. (MRC), the company’s capital structure generated 86.10 points at debt to equity in total, while total debt to capital is 46.27. Total debt to assets is 34.08, with long-term debt to equity ratio resting at 161.71. Finally, the long-term debt to capital ratio is 43.14.
When we switch over and look at the enterprise to sales, we see a ratio of 0.54, with the company’s debt to enterprise value settled at 0.44. The receivables turnover for the company is 6.58 and the total asset turnover is 1.25. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.42.