At the time of writing, MRC Global Inc [MRC] stock is trading at $12.60, up 3.28%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The MRC shares have gain 3.36% over the last week, with a monthly amount drifted -1.41%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
MRC Global Inc [NYSE: MRC] stock has seen the most recent analyst activity on October 03, 2023, when Loop Capital initiated its Buy rating and assigned the stock a price target of $14. Previously, The Benchmark Company started tracking the stock with Buy rating on July 08, 2022, and set its price target to $14. On February 19, 2021, downgrade downgraded it’s rating to Neutral but maintained its price target of $7 on the stock. Stifel upgraded its rating to a Buy and reduced its price target to $7 on March 11, 2020. Evercore ISI downgraded its rating to In-line for this stock on March 09, 2020. In a note dated February 18, 2020, Cowen reiterated an Market Perform rating on this stock and revised its target price from $13.50 to $9.
For the past year, the stock price of MRC Global Inc fluctuated between $9.77 and $14.91. Currently, Wall Street analysts expect the stock to reach $16 within the next 12 months. MRC Global Inc [NYSE: MRC] shares were valued at $12.60 at the most recent close of the market. An investor can expect a potential return of 26.98% based on the average MRC price forecast.
Analyzing the MRC fundamentals
According to MRC Global Inc [NYSE:MRC], the company’s sales were 3.29B for trailing twelve months, which represents an -4.48% plunge. Gross Profit Margin for this corporation currently stands at 0.13% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at 0.02%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.11 and Total Capital is 0.12. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.29.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 12.20 points at the first support level, and at 11.81 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.80, and for the 2nd resistance point, it is at 13.01.
Ratios To Look Out For
It is important to note that MRC Global Inc [NYSE:MRC] has a current ratio of 2.08. Also, the Quick Ratio is 1.10, while the Cash Ratio stands at 0.12. Considering the valuation of this stock, the price to sales ratio is 0.33, the price to book ratio is 2.05 and price to earnings (TTM) ratio is 14.36.
Transactions by insiders
Recent insider trading involved CHURAY DANIEL J, that happened on Aug 23 ’24 when 16975.0 shares were sold. Officer, CHURAY DANIEL J completed a deal on Aug 23 ’24 to buy 16975.0 shares. Meanwhile, Director ANTHONY LEONARD M bought 40000.0 shares on Aug 15 ’24.
