Estimating Price Trends For MRC Global Inc (NYSE: MRC)

MRC Global Inc (NYSE:MRC) does about 608.84K shares in volume on a normal day but saw 1152938 shares change hands in Friday’s trading. The company now has a market cap of 1.16B USD. Its current market price is $13.67, marking an increase of 7.13% compared to the previous close of $12.76. The 52 week high reached by this stock is $13.00 whilst the lowest price level in 52 weeks is $8.15.

MRC Global Inc (MRC) has a 20-day trading average at $11.80 and the current price is 5.15% off the 52-week high compared with 67.73% distance from its 52-week low. The 50-day simple moving average of the closing price is $12.15 and its 200-day simple moving average is $10.83. If we look at the stock’s price movements over the week, volatility stands at 3.29%, which decreases to 2.67% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 76.04 to suggest the stock is overbought.

The consensus objective for the share price is $16.25, suggesting that the stock has a potential upside of 15.88% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on October 03, 2023 when Loop Capital initiated the stock to “Buy” and issued a price target of $14. JP Morgan downgraded its price target at $7.

MRC Global Inc (MRC) stock is up 18.77% over the week and 9.71% over the past month. Its price is 24.16% year-to-date and 55.87% over the past year.

To reach the target analysts have set, the stock logically needs to grow 15.88 percent from here.

The company has a return on investment of 7.22% and return on equity of 12.24%. The price to earnings ratio (P/E ratio) amounts to 16.87 while the forward price to earnings ratio is 9.93. The beta has a value of 2.02. Price to book ratio is 2.35 and price to sales ratio is 0.35.