At the last check on Thursday, MRC Global Inc.’s (NYSE:MRC) stock was down -$0.28, moving down -2.78 percent to $9.98. The average number of shares traded per day over the past five days has been 819,807 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.44 fall in that time frame. In the last twenty days, the average volume was 767,092, while in the previous 50 days, it was 653,595.
Since last month, MRC stock rose 9.62%. Shares of the company fell to $9.01 on 08/22/23, the lowest level in the past month. A 52-week high of $13.90 was reached on 02/07/23 after having rallying from a 52-week low of $7.03. Since the beginning of this year, MRC’s stock price has dropped by -13.86% or -$1.66, and marked a new high 14 times. However, the stock has declined by -28.24% since its 52-week high.
MRC stock investors should be aware that MRC Global Inc. (MRC) stock had its last reported insider trading activity 203 days ago on Mar 02. Anderson Gillian disposed of 5,213 shares for $11.50 on Mar 02. It resulted in a $59,950 divestment by the insider.
Valuation Metrics
Right now, MRC Global Inc. (MRC) has a P/E ratio of about 10.76. The stock’s beta is 2.21. Besides these, the trailing price-to-sales (P/S) ratio of 0.24, the price-to-book (PB) ratio of 1.93, and the price-to-cash flow ratio of 38.84 may also be considered.
Financial Health
In the three months ended June 29, MRC Global Inc.’s quick ratio stood at 1.00, while its current ratio was 2.20, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.85, and the total debt-to-equity ratio was 0.85. On the profitability front, the trailing twelve-month gross margin is 20.30% percent. In the year ended June 29, EBITDA margin amounted to 5.35%, whereas operating margins totaled 5.20%. Based on annual data, MRC earned $610.0 million in gross profit and brought in $3.36 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 14.50%. Return on equity (ROE) for the past 12 months was 19.80%.
In MRC Global Inc.’s quarter-end financial report for June 29, it reported total debt of $368.0 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. MRC’s revenue rose 2.64% to $885.0 million during the quarter, while net income inched up to $871.0 million. While analysts expected MRC Global Inc. to report $0.39 quarterly earnings, the actual figure was $0.25 per share, beating the consensus estimate by -35.90%. During the quarter, the company generated $55.0 million in EBITDA. The liabilities of MRC Global Inc. were 1.21 billion at the end of its most recent quarter ended June 29, and its total debt was $594.0 million. The value of shareholders’ equity is $84.01 million.
Technical Picture
This quick technical analysis looks at MRC Global Inc.’s (MRC) price momentum. With a historical volatility rate of 36.83%, the RSI 9-day stood at 50.93% on 20 September.
With respect to its five-day moving average, the current MRC Global Inc. price is down by -4.25% percent or -$0.44. At present, MRC shares trade +6.78% above its 20-day simple moving average and +1.85% percent above its 100-day simple moving average. However, the stock is currently trading approximately -4.43% below its SMA50 and -16.78% below its SMA200.
Stochastic coefficient K was 70.40% and Stochastic coefficient D was 73.39%, while ATR was 0.32. Given the Stochastic reading of 53.15% for the 14-day period, the RSI (14) reading has been calculated as 51.66%. As of today, the MACD Oscillator reading stands at 0.07, while the 14-day reading stands at 0.26.
Analyst Ratings
The Benchmark Company launched its rating on MRC Global Inc. (NYSE: MRC) to a Buy in a note to investors on July 08, 2022. MRC Global Inc. (MRC) has been rated Overweight by analysts. According to 0 brokerage firms, MRC is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate MRC Global Inc. stock as buy, with 3 recommending it as overweight.
With a median target price of $13.00, the current consensus forecast for the stock is $12.00 – $17.00. Based on these forecasts, analysts predict MRC Global Inc. (MRC) will achieve an average price target of $14.00.
