MRC Global Inc (NYSE: MRC) is -2.74% lower on its value in year-to-date trading and has touched a low of $9.42 and a high of $15.41 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MRC stock was last observed hovering at around $12.12 in the last trading session, with the day’s gains setting it 0.31%.
Currently trading at $12.43, the stock is 5.21% and -4.89% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.08 million and changing 2.56% at the moment leaves the stock -4.26% off its SMA200. MRC registered -0.24% loss for a year compared to 6-month gain of 1.97%. The firm has a 50-day simple moving average (SMA 50) of $13.0684 and a 200-day simple moving average (SMA200) of $12.98275.
The stock witnessed a -4.75% loss in the last 1 month and extending the period to 3 months gives it a -5.98%, and is 10.69% 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 7.91% over the week and 4.49% over the month.
MRC Global Inc (MRC) has around 2600 employees, a market worth around $1.07B and $3.10B in sales. Current P/E ratio is 41.92 and Fwd P/E is 9.12. Profit margin for the company is 0.84%. Distance from 52-week low is 31.95% and -19.34% from its 52-week high. The company has generated returns on investments over the last 12 months (2.45%).
with sales reaching $679.8M over the same period.The EPS is expected to grow by 60.10% this year, but quarterly earnings will post 4.25% year-over-year. Quarterly sales are estimated to shrink -15.66% in year-over-year returns.
286.0 institutions hold shares in MRC Global Inc (MRC), with institutional investors hold 97.66% of the company’s shares. The shares outstanding are 85.24M, and float is at 83.70M with Short Float at 1.55%. Institutions hold 95.67% 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 6.8296 and valued at over $$75.12 million, while PZENA INVESTMENT MANAGEMENT LLC holds 6.7493 of the shares totaling 5.75 million with a market value of $$74.24 million.
MRC Global Inc (MRC) Insider Activity
MRC Global Inc disclosed in a document filed with the SEC on Aug 15 ’24 that ANTHONY LEONARD M (Director) sold a total of 40,000 shares of the company’s common stock. The trade occurred on Aug 15 ’24 and was made at $12.47 per share for $0.5 million. Following the transaction, the insider now directly holds 61120.0 shares of the MRC stock.
Still, SEC filings show that on Nov 21 ’24, WOOD ROBERT L (Former BOD and Officer) Proposed Sale 40,000 shares at an average price of $14.00 for $0.56 million. The insider now directly holds shares of MRC Global Inc (MRC).
