The stock of MRC Global Inc (MRC) has seen a 17.78% increase in the past week, with a 14.88% gain in the past month, and a 19.54% flourish in the past quarter. The volatility ratio for the week is 4.39%, and the volatility levels for the past 30 days are at 2.81% for MRC. The simple moving average for the past 20 days is 15.07% for MRC’s stock, with a 15.99% simple moving average for the past 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 16.59x compared to its average ratio, The 36-month beta value for MRC is at 1.96. Analysts have varying views on the stock, with 7 analysts rating it as a “buy,” 2 rating it as “overweight,” 5 as “hold,” and 0 as “sell.”
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The public float for MRC is 82.90M, and currently, shorts hold a 1.64% of that float. The average trading volume for MRC on November 07, 2024 was 489.64K shares.
MRC) stock’s latest price update
MRC Global Inc (NYSE: MRC)’s stock price has gone rise by 14.60 in comparison to its previous close of 12.60, however, the company has experienced a 17.78% increase in its stock price over the last five trading days. zacks.com reported 2024-11-06 that MRC’s third-quarter 2024 revenues decrease 10.3% year over year due to the lower volume of sales in the Gas Utilities, DIET and PTI sectors.
Analysts’ Opinion of MRC
Many brokerage firms have already submitted their reports for MRC stocks, with Loop Capital repeating the rating for MRC by listing it as a “Buy.” The predicted price for MRC in the upcoming period, according to Loop Capital is $14 based on the research report published on October 03, 2023 of the previous year 2023.
The Benchmark Company, on the other hand, stated in their research note that they expect to see MRC reach a price target of $14. The rating they have provided for MRC stocks is “Buy” according to the report published on July 08th, 2022.
JP Morgan gave a rating of “Neutral” to MRC, setting the target price at $7 in the report published on February 19th of the previous year.
MRC Trading at 15.46% 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 -3.15% of loss for the given period.
Volatility was left at 2.81%, however, over the last 30 days, the volatility rate increased by 4.39%, as shares surge +13.70% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.51% upper at present.
During the last 5 trading sessions, MRC rose by +17.78%, which changed the moving average for the period of 200-days by +39.25% in comparison to the 20-day moving average, which settled at $12.55. In addition, MRC Global Inc saw 31.15% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MRC starting from CHURAY DANIEL J, who sale 16,975 shares at the price of $12.93 back on Aug 23 ’24. After this action, CHURAY DANIEL J now owns 198,178 shares of MRC Global Inc, valued at $219,487 using the latest closing price.
CHURAY DANIEL J, the Officer of MRC Global Inc, proposed sale 16,975 shares at $12.93 during a trade that took place back on Aug 23 ’24, which means that CHURAY DANIEL J is holding shares at $219,438 based on the most recent closing price.
Stock Fundamentals for MRC
Current profitability levels for the company are sitting at:
- 0.03 for the present operating margin
- 0.13 for the gross margin
The net margin for MRC Global Inc stands at 0.02. The total capital return value is set at 0.12. Equity return is now at value 11.45, with 5.33 for asset returns.
Based on MRC Global Inc (MRC), the company’s capital structure generated 0.22 points at debt to capital in total, while cash flow to debt ratio is standing at 1.0. The debt to equity ratio resting at 0.29. The interest coverage ratio of the stock is -11.54.
Currently, EBITDA for the company is 227.0 million with net debt to EBITDA at 1.85. When we switch over and look at the enterprise to sales, we see a ratio of 0.28. The receivables turnover for the company is 10.76for trailing twelve months and the total asset turnover is 2.91. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.99.
Conclusion
In conclusion, MRC Global Inc (MRC) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
