MRC Global Inc (NYSE: MRC) is 25.61% higher on its value in year-to-date trading and has touched a low of $9.77 and a high of $14.91 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MRC stock was last observed hovering at around $14.44 in the last trading session, with the day’s loss setting it -0.61%.
Currently trading at $13.83, the stock is 9.72% and 10.44% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.44 million and changing -4.22% at the moment leaves the stock 10.94% off its SMA200. MRC registered 29.25% gain for a year compared to 6-month loss of 8.39%. The firm has a 50-day simple moving average (SMA 50) of $12.507 and a 200-day simple moving average (SMA200) of $12.44895.
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The stock witnessed a 8.90% gain in the last 1 month and extending the period to 3 months gives it a 15.44%, and is 12.81% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.57% over the week and 3.08% over the month.
MRC Global Inc (MRC) has around 2800 employees, a market worth around $1.18B and $3.20B in sales. Current P/E ratio is 15.89 and Fwd P/E is 12.72. Profit margin for the company is 2.34%. Distance from 52-week low is 41.63% and -7.24% from its 52-week high. The company has generated returns on investments over the last 12 months (6.44%).
The EPS is expected to shrink by -24.34% this year
272.0 institutions hold shares in MRC Global Inc (MRC), with institutional investors hold 99.43% of the company’s shares. The shares outstanding are 84.32M, and float is at 82.90M with Short Float at 1.64%. Institutions hold 97.63% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 9.2 million shares valued at $118.82 million. The investor’s holdings represent 10.866 of the MRC Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 6.68 million shares valued at $86.25 million to account for 7.8875 of the shares outstanding. The other top investors are FRONTIER CAPITAL MANAGEMENT CO LLC which holds 5.82 million shares representing 6.8699 and valued at over $75.12 million, while PZENA INVESTMENT MANAGEMENT LLC holds 6.7891 of the shares totaling 5.75 million with a market value of $74.24 million.
MRC Global Inc (MRC) Insider Activity
The most recent transaction is an insider sale by CHURAY DANIEL J, the company’s. SEC filings show that CHURAY DANIEL J sold 16,975 shares of the company’s common stock on Aug 23 ’24 at a price of $12.93 per share for a total of $0.22 million. Following the sale, the insider now owns 0.2 million shares.
Still, SEC filings show that on Aug 15 ’24, ANTHONY LEONARD M (Director) Proposed Sale 40,000 shares at an average price of $12.47 for $0.5 million. The insider now directly holds shares of MRC Global Inc (MRC).
