MRC Global Inc. (NYSE:MRC) saw an upside of 2.83% to close Tuesday at $8.00 after adding $0.22 on the day. The 5-day average trading volume is 2,119,900 shares of the company’s common stock. It has gained $8.13 in the past week. An average of 1,520,845 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 788,452.
MRC’s 1-month performance is -1.84% or $0.20 on its low of $7.06 reached on 09/20/21. The company’s shares have touched a 52-week low of $3.97 and high of $12.21, with the stock’s rally to the 52-week high happening on 05/18/21. YTD, MRC has achieved 20.66% or $1.37. However, the current price is down -34.48%% from the 52-week high price.
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MRC Global Inc. (MRC) has a trailing price-to-earnings (P/E) ratio of 18.90 for the broader industry and 19.63 for the sector. The company’s PE ratio for the last five years has touched a high of 135.17 and a low of 14.78. MRC stock has a beta of 2.53. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.26 while the price-to-book (PB) in the most recent quarter is 1.90, with the price to cash flow ratio at 2.97.
MRC Global Inc.’s quick ratio for the period ended June 29 was 1.00, with the current ratio over the same period at 2.10 meaning that MRC stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.85, while the total debt to equity was 0.86. In terms of profitability, the gross margin trailing 12 months is 18.00%. The trailing 12-month EBITDA margin is 2.19% while for the period ending June 29; MRC Global Inc.’s operating margin was 0.80%. The firm’s gross profit as reported stood at $431.0 million against revenue of $2.56 billion.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected MRC to announce $0.04 per share in earnings in its latest quarter, but it posted $0.08, representing a 100.00% surprise. EBITDA for the quarter stood at more than $21.0 million. MRC stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.04 billion, with total debt at $508.0 million. Shareholders hold equity totaling $82.67 million
Let’s look briefly at MRC Global Inc. (MRC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 61.52% to suggest the stock is trending Neutral, with historical volatility in this time period at 39.68%.
The stock’s 5-day moving average is $7.69, reflecting a +3.36% or $0.26 change from its current price. MRC is currently trading +2.17% above its 20-day SMA, -26.27% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -6.43% and +21.40% respectively.
Stochastic %K and %D was 73.92% and 61.08% and the average true range (ATR) pointed at 0.37. The RSI (14) points at 55.49%, while the 14-day stochastic is at 86.02% with the period’s ATR at 0.37. The stock’s 9-day MACD Oscillator is pointing at 0.22 and 0.24 on the 14-day charts.
In the most recent analyst report for MRC Global Inc. (NYSE: MRC), JP Morgan downgraded it to a Neutral rating. They previously had an Overweight rating on the stock. Analysts offering their rating for MRC stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate MRC as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 4 have offered a “buy” rating.
What is MRC’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $10.00 and a high of $17.00, with their median price target at $12.00. Looking at these predictions, the average price target given by analysts is for MRC Global Inc. (MRC) stock is $12.50.