MRC Global Inc (NYSE: MRC) has a price-to-earnings ratio of 16.04x that is above its average ratio. Additionally, the 36-month beta value for MRC is 1.97. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 2 rating it as “overweight,” 5 rating it as “hold,” and 0 rating it as “sell.”
The public float for MRC is 82.89M and currently, short sellers hold a 1.13% ratio of that float. The average trading volume of MRC on November 28, 2024 was 526.61K shares.
MRC) stock’s latest price update
MRC Global Inc (NYSE: MRC)’s stock price has decreased by -0.36 compared to its previous closing price of 14.01. However, the company has seen a 1.53% increase in its stock price over the last five trading sessions. zacks.com reported 2024-11-22 that Weakness in the Gas Utilities and PTI sectors weighs on MRC. Unfavorable foreign currency movement is an added concern.
MRC’s Market Performance
MRC Global Inc (MRC) has experienced a 1.53% rise in stock performance for the past week, with a 14.52% rise in the past month, and a 6.40% rise in the past quarter. The volatility ratio for the week is 1.85%, and the volatility levels for the past 30 days are at 3.12% for MRC. The simple moving average for the past 20 days is 3.54% for MRC’s stock, with a 10.04% simple moving average for the past 200 days.
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 8.00% 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 -6.37% of loss for the given period.
Volatility was left at 3.12%, however, over the last 30 days, the volatility rate increased by 1.85%, as shares surge +13.87% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.68% upper at present.
During the last 5 trading sessions, MRC rose by +1.53%, which changed the moving average for the period of 200-days by +34.49% in comparison to the 20-day moving average, which settled at $13.48. In addition, MRC Global Inc saw 26.79% 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 WOOD ROBERT L, who proposed sale 40,000 shares at the price of $14.00 back on Nov 21 ’24. After this action, WOOD ROBERT L now owns shares of MRC Global Inc, valued at $559,917 using the latest closing price.
WOOD ROBERT L, the Former Board Member of MRC Global Inc, proposed sale 15,000 shares at $13.43 during a trade that took place back on Nov 15 ’24, which means that WOOD ROBERT L is holding shares at $201,479 based on the most recent closing price.
Stock Fundamentals for MRC
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 0.2 for the gross margin
The net margin for MRC Global Inc stands at 0.03. 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 0.12 points at debt to capital in total, while cash flow to debt ratio is standing at 2.4. The debt to equity ratio resting at 0.13. The interest coverage ratio of the stock is 6.0.
Currently, EBITDA for the company is 225.0 million with net debt to EBITDA at 1.19. When we switch over and look at the enterprise to sales, we see a ratio of 0.44. The receivables turnover for the company is 6.7for trailing twelve months and the total asset turnover is 1.82. 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 seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as 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.
