MRC Global Inc (NYSE: MRC) is 6.93% higher on its value in year-to-date trading and has touched a low of $9.23 and a high of $15.59 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 $13.3 in the last trading session, with the day’s loss setting it -0.19%.
Currently trading at $13.11, the stock is -0.47% and 3.10% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.57 million and changing -1.43% at the moment leaves the stock 3.23% off its SMA200. MRC registered 2.58% gain for a year compared to 6-month loss of -1.43%. The firm has a 50-day simple moving average (SMA 50) of $12.7152 and a 200-day simple moving average (SMA200) of $12.7002.
The stock witnessed a 2.90% gain in the last 1 month and extending the period to 3 months gives it a 33.50%, and is -1.72% down 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 3.57% over the week and 3.36% over the month.
MRC Global Inc (MRC) has around 2600 employees, a market worth around $1.12B and $3.00B in sales. Fwd P/E is 11.21. Profit margin for the company is -0.30%. Distance from 52-week low is 41.98% and -15.91% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.85%).
The EPS is expected to grow by 47.47% this year
268.0 institutions hold shares in MRC Global Inc (MRC), with institutional investors hold 102.82% of the company’s shares. The shares outstanding are 86.10M, and float is at 82.36M with Short Float at 3.46%. Institutions hold 100.42% 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 10.8022 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 7.8412 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.
