MRC Global Inc. (NYSE:MRC) went down by -12.39% from its latest closing price compared to the recent 1-year high of $13.44. The company’s stock price has collected -19.34% of loss in the last five trading sessions.
Is It Worth Investing in MRC Global Inc. (NYSE :MRC) Right Now?
Plus, the 36-month beta value for MRC is at 2.04. Opinions of the stock are interesting as 3 analysts out of 6 who provided ratings for MRC Global Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 2 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $14.60, which is $5.04 above the current price. MRC currently public float of 81.18M and currently shorts hold a 2.48% ratio of that float. Today, the average trading volume of MRC was 852.46K shares.
MRC’s Market Performance
MRC stocks went down by -19.34% for the week, with a monthly drop of -14.08% and a quarterly performance of 27.25%, while its annual performance rate touched -12.31%. The volatility ratio for the week stands at 9.04% while the volatility levels for the past 30 days are set at 5.51% for MRC Global Inc.. The simple moving average for the period of the last 20 days is -19.86% for MRC stocks with a simple moving average of 9.52% 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 previous 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 -16.92% 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 -27.41% of loss for the given period.
Volatility was left at 5.51%, however, over the last 30 days, the volatility rate increased by 9.04%, as shares sank -14.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.37% lower at present.
During the last 5 trading sessions, MRC fell by -19.34%, which changed the moving average for the period of 200-days by +6.55% in comparison to the 20-day moving average, which settled at $12.10. In addition, MRC Global Inc. saw 41.86% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for MRC
Current profitability levels for the company are sitting at:
- +0.38 for the present operating margin
- +15.64 for the gross margin
The net margin for MRC Global Inc. stands at -0.53. Equity return is now at value -11.30, with -2.20 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 2.06.