MRC Global Inc (NYSE: MRC) on Monday, soared 2.63% from the previous trading day, before settling in for the closing price of $12.56. Within the past 52 weeks, MRC’s price has moved between $8.15 and $12.81.
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Annual sales at Energy sector company slipped by -2.12% over the past five years. The company achieved an average annual earnings per share of -7.26%. With a float of $82.60 million, this company’s outstanding shares have now reached $84.32 million.
Let’s look at the performance matrix of the company that is accounted for 2800 employees.
MRC Global Inc (MRC) Insider and Institutional Ownership
Observing investor behavior towards Oil & Gas Equipment & Services industry stocks is more important than anything else. The insider ownership of MRC Global Inc is 3.06%, while institutional ownership is 94.34%.
MRC Global Inc (MRC) Latest Financial update
As on 12/30/2023, Multinational firm has announced its last quarter scores, in which it reported $0.23 earnings per share (EPS) for the period topping the consensus outlook (set at $0.12) by $0.11. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.25 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -7.26% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 15.00% during the next five years compared to 14.08% growth over the previous five years of trading.
MRC Global Inc (NYSE: MRC) Trading Performance Indicators
MRC Global Inc (MRC) is currently performing well based on its current performance indicators. A quick ratio of 0.76 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.32. Likewise, its price to free cash flow for the trailing twelve months is 6.62.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.99, a number that is poised to hit 0.14 in the next quarter and is forecasted to reach 1.29 in one year’s time.
Technical Analysis of MRC Global Inc (MRC)
MRC Global Inc (NYSE: MRC) saw its 5-day average volume 0.55 million, a negative change from its year-to-date volume of 0.59 million. As of the previous 9 days, the stock’s Stochastic %D was 66.36%. Additionally, its Average True Range was 0.27.
During the past 100 days, MRC Global Inc’s (MRC) raw stochastic average was set at 99.05%, which indicates a significant increase from 96.05% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 17.17% in the past 14 days, which was lower than the 31.85% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $11.77, while its 200-day Moving Average is $10.65. Nevertheless, the first resistance level for the watch stands at $13.08 in the near term. At $13.28, the stock is likely to face the second major resistance level. The third major resistance level sits at $13.63. If the price goes on to break the first support level at $12.53, it is likely to go to the next support level at $12.18. The third support level lies at $11.98 if the price breaches the second support level.
MRC Global Inc (NYSE: MRC) Key Stats
Market capitalization of the company is 1.10 billion based on 84,390K outstanding shares. Right now, sales total 3,412 M and income totals 114,000 K. The company made 768,000 K in profit during its latest quarter, and 21,000 K in sales during its previous quarter.
