A share price of MRC Global Inc [MRC] is currently trading at $14.43, up 1.69%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The MRC shares have gain 11.26% over the last week, with a monthly amount glided 8.74%, and 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.
MRC Global Inc experienced fluctuations in its stock price throughout the past year 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 $14.43 at the most recent close of the market. An investor can expect a potential return of 10.88% based on the average MRC price forecast.
Analyzing the MRC fundamentals
Trailing Twelve Months sales for MRC Global Inc [NYSE:MRC] were 3.20B which represents -10.25% decline. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.31.
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 14.24 points at the first support level, and at 14.05 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.58, and for the 2nd resistance point, it is at 14.73.
Ratios To Look Out For
To put it in perspective, the Current Ratio for MRC Global Inc [NYSE:MRC] is 1.99. As well, the Quick Ratio is 1.11, while the Cash Ratio is 0.12. Considering the valuation of this stock, the price to sales ratio is 0.38, the price to book ratio is 2.21 and price to earnings (TTM) ratio is 16.58.
Transactions by insiders
Recent insider trading involved WOOD ROBERT L, Former Officer, that happened on Jan 15 ’25 when 31795.0 shares were purchased. Director, ANTHONY LEONARD M completed a deal on Aug 15 ’24 to sell 40000.0 shares. Meanwhile, Former BOD and Officer WOOD ROBERT L bought 40000.0 shares on Nov 21 ’24.
