At the time of writing, MRC Global Inc [MRC] stock is trading at $13.30, up 4.81%. An important factor to consider is whether the stock is rising or falling in short-term value. The MRC shares have gain 3.18% over the last week, with a monthly amount drifted -6.07%, and not seem to be holding up well over a long-time horizon.
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 $13.30 at the most recent close of the market. An investor can expect a potential return of 20.3% based on the average MRC price forecast.
Analyzing the MRC fundamentals
According to MRC Global Inc [NYSE:MRC], the company’s sales were 3.20B for trailing twelve months, which represents an -10.25% plunge. Gross Profit Margin for this corporation currently stands at 0.2% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.03%. 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 of0.13.
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 13.10 points at the first support level, and at 12.90 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.60, and for the 2nd resistance point, it is at 13.90.
Ratios To Look Out For
It is important to note that MRC Global Inc [NYSE:MRC] has a current ratio of 1.99. On the other hand, the Quick Ratio is 1.11, and the Cash Ratio is 0.12. Considering the valuation of this stock, the price to sales ratio is 0.37, the price to book ratio is 2.04 and price to earnings (TTM) ratio is 15.28.
Transactions by insiders
Recent insider trading involved ANTHONY LEONARD M, Director, that happened on Aug 15 ’24 when 40000.0 shares were sold. Former BOD and Officer, WOOD ROBERT L completed a deal on Nov 21 ’24 to buy 40000.0 shares. Meanwhile, Former Board Member WOOD ROBERT L bought 15000.0 shares on Nov 15 ’24.
