The stock of MRC Global Inc. (MRC) has seen a -21.09% decrease in the past week, with a -34.06% drop in the past month, and a -23.88% decrease in the past quarter. The volatility ratio for the week is 6.33%, and the volatility levels for the past 30 days are at 4.71% for MRC. The simple moving average for the last 20 days is -20.82% for MRC stock, with a simple moving average of -17.22% for the last 200 days.
Is It Worth Investing in MRC Global Inc. (NYSE: MRC) Right Now?
MRC Global Inc. (NYSE: MRC) has a higher price-to-earnings ratio of 14.69x compared to its average ratio. compared to its average ratio and a 36-month beta value of 2.21. Analysts have mixed views on the stock, with 3 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The average price point forecasted by analysts for MRC Global Inc. (MRC) is $16.67, which is $7.84 above the current market price. The public float for MRC is 81.12M, and currently, short sellers hold a 1.96% ratio of that float. The average trading volume of MRC on March 16, 2023 was 639.61K shares.
MRC) stock’s latest price update
MRC Global Inc. (NYSE: MRC)’s stock price has decreased by -7.05 compared to its previous closing price of 9.50. Nevertheless, the company has seen a -21.09% plunge in its stock price over the last five trading sessions.
Analysts’ Opinion of MRC
The stock of MRC Global Inc. (MRC) has seen a -21.09% decrease in the past week, with a -34.06% drop in the past month, and a -23.88% decrease in the past quarter. The volatility ratio for the week is 6.33%, and the volatility levels for the past 30 days are at 4.71% for MRC. The simple moving average for the last 20 days is -20.82% for MRC stock, with a simple moving average of -17.22% for the last 200 days.
Analysts’ Opinion of MRC
Many brokerage firms have already submitted their reports for MRC stocks, with The Benchmark Company repeating the rating for MRC by listing it as a “Buy.” The predicted price for MRC in the upcoming period, according to The Benchmark Company is $14 based on the research report published on July 08th of the previous year 2022.
JP Morgan, on the other hand, stated in their research note that they expect to see MRC reach a price target of $7. The rating they have provided for MRC stocks is “Neutral” according to the report published on February 19th, 2021.
Stephens gave a rating of “Overweight” to MRC, setting the target price at $6 in the report published on October 16th of the previous year.
MRC Trading at -25.94% 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 -36.47% of loss for the given period.
Volatility was left at 4.71%, however, over the last 30 days, the volatility rate increased by 6.33%, as shares sank -31.34% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -23.75% lower at present.
During the last 5 trading sessions, MRC fell by -21.09%, which changed the moving average for the period of 200-days by -21.09% in comparison to the 20-day moving average, which settled at $10.95. In addition, MRC Global Inc. saw -23.75% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MRC starting from Anderson Gillian, who sale 5,213 shares at the price of $11.50 back on Mar 02. After this action, Anderson Gillian now owns 26,507 shares of MRC Global Inc., valued at $59,950 using the latest closing price.
O’Neal Malcolm, the SVP – Human Resources of MRC Global Inc., sale 3,125 shares at $9.61 during a trade that took place back on Aug 22, which means that O’Neal Malcolm is holding 41,605 shares at $30,031 based on the most recent closing price.
Stock Fundamentals for MRC
Current profitability levels for the company are sitting at:
- +4.19 for the present operating margin
- +18.14 for the gross margin
The net margin for MRC Global Inc. stands at +2.23. Equity return is now at value 14.20, with 2.70 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 2.02.
Conclusion
To put it simply, MRC Global Inc. (MRC) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
