Mrc Global Stock Today
| MRC Stock | USD 11.64 0.19 1.61% |
Performance7 of 100
| Odds Of DistressLess than 2
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MRC Global is trading at 11.64 as of the 18th of April 2024, a -1.61 percent decrease since the beginning of the trading day. The stock's open price was 11.83. MRC Global has a very small chance of experiencing financial distress in the next few years but had a somewhat ok performance during the last 90 days. Equity ratings for MRC Global are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 19th of March 2024 and ending today, the 18th of April 2024. Click here to learn more.
Business Domain Capital Goods | IPO Date 12th of April 2012 | Category Energy | Classification Industrials |
MRC Global Inc., through its subsidiaries, distributes pipes, valves, fittings, and other infrastructure products and services to the energy, industrial, and gas utility end-markets in the United States, Canada, and internationally. MRC Global Inc. was founded in 1921 and is headquartered in Houston, Texas. The company has 85.21 M outstanding shares of which 1.25 M shares are now shorted by investors with about 2.61 days to cover. More on MRC Global
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Moving against MRC Stock
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Follow Valuation Options Odds of Bankruptcy
Financial Report 13th of May 2024
MRC Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. MRC Global's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding MRC Global or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO | Andrew Lane | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Idea | Wholesale (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Trading Companies & Distributors, Oil & Gas Equipment & Services, Industrials, NYSE Composite, WSE WIG INDEX, Wholesale, Industrials, Trading Companies & Distributors, Oil & Gas Equipment & Services, Energy (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering MRC Global report their recommendations after researching MRC Global's financial statements, talking to executives and customers, or listening in on MRC Global's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering MRC Global. The MRC consensus assessment is calculated by taking the average forecast from all of the analysts covering MRC Global. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the analysis of MRC Global's profitability, liquidity, and operating efficiency, MRC Global is performing exceptionally good at this time. It has a great probability to report excellent financial results in May. Financial strength of MRC Global is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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MRC Global's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to MRC Global's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand MRC Global's financial leverage. It provides some insight into what part of MRC Global's total assets is financed by creditors.
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MRC Global (MRC) is traded on New York Stock Exchange in USA. It is located in 1301 McKinney Street, Houston, TX, United States, 77010 and employs 2,800 people. MRC Global is listed under Trading Companies & Distributors category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a total capitalization of 1.01 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate MRC Global's market, we take the total number of its shares issued and multiply it by MRC Global's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. MRC Global runs under Trading Companies & Distributors sector within Industrials industry. The entity has 85.21 M outstanding shares of which 1.25 M shares are now shorted by investors with about 2.61 days to cover.
MRC Global has about 29 M in cash with 181 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.35.
Check MRC Global Probability Of Bankruptcy
Ownership AllocationMRC Global secures a total of 85.21 Million outstanding shares. The majority of MRC Global outstanding shares are owned by institutions. These other corporate entities are usually referred to as non-private investors looking to shop for positions in MRC Global to benefit from reduced commissions. Therefore, outside corporations are subject to a different set of regulations than regular investors in MRC Global. Please pay attention to any change in the institutional holdings of MRC Global as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company retains, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check MRC Ownership Details
MRC Stock Price Odds Analysis
What are MRC Global's target price odds to finish over the current price? Based on a normal probability distribution, the odds of MRC Global jumping above the current price in 90 days from now is about 50.45%. The MRC Global probability density function shows the probability of MRC Global stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon MRC Global has a beta of -0.5949. This indicates as returns on the benchmark increase, returns on holding MRC Global are expected to decrease at a much lower rate. During a bear market, however, MRC Global is likely to outperform the market. Additionally, mRC Global has an alpha of 0.2668, implying that it can generate a 0.27 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of MRC Global to move above the current price in 90 days from now is about 50.45 (This MRC Global probability density function shows the probability of MRC Stock to fall within a particular range of prices over 90 days) .
MRC Stock Institutional Holders
Institutional Holdings refers to the ownership stake in MRC Global that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of MRC Global's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing MRC Global's value.| Instituion | Recorded On | Shares | |
| Geode Capital Management, Llc | 2023-12-31 | 1.8 M | |
| Kennedy Capital Management Inc | 2023-12-31 | 1.5 M | |
| Charles Schwab Investment Management Inc | 2023-12-31 | 1.4 M | |
| Philosophy Capital Management Llc | 2023-12-31 | 1.4 M | |
| Goldman Sachs Group Inc | 2023-12-31 | 1.3 M | |
| Morgan Stanley - Brokerage Accounts | 2023-12-31 | 1.3 M | |
| Mirae Asset Global Investments (korea) Co Ltd | 2023-12-31 | 1.2 M | |
| Royce & Associates, Lp | 2023-12-31 | 1.1 M | |
| Renaissance Technologies Corp | 2023-12-31 | 947.6 K | |
| Vanguard Group Inc | 2023-12-31 | 9 M | |
| Pzena Investment Management, Llc | 2023-12-31 | 7 M |
MRC Global Historical Income Statement
MRC Global Income Statement is one of the three primary financial statements used for reporting MRC's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of MRC Global revenue and expense. MRC Global Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, MRC Global's Selling General Administrative is projected to decrease significantly based on the last few years of reporting. The current year's Gross Profit is expected to grow to about 700.2 M, whereas Total Revenue is forecasted to decline to about 3 B. View More FundamentalsMRC Stock Against Markets
Picking the right benchmark for MRC Global stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in MRC Global stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for MRC Global is critical whether you are bullish or bearish towards MRC Global at a given time. Please also check how MRC Global's historical prices are related to one of the top price index indicators.
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MRC Global Corporate Directors
MRC Global corporate directors refer to members of a MRC Global board of directors. The board of directors generally takes responsibility for the MRC Global's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of MRC Global's board members must vote for the resolution. The MRC Global board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| John Perkins | Independent Director | Profile | |
| Robert Wood | Independent Director | Profile | |
| Deborah Adams | Independent Director | Profile | |
| Leonard Anthony | Independent Director | Profile |
How to buy MRC Stock?
Before investing in MRC Global, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in MRC Global. To buy MRC Global stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of MRC Global. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase MRC Global stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located MRC Global stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased MRC Global stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as MRC Global, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy MRC Stock please use our How to Invest in MRC Global guide.
Already Invested in MRC Global?
The danger of trading MRC Global is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of MRC Global is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than MRC Global. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile MRC Global is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether MRC Global offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of MRC Global's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Mrc Global Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Mrc Global Stock: Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MRC Global. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. For information on how to trade MRC Stock refer to our How to Trade MRC Stock guide.You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Complementary Tools for MRC Stock analysis
When running MRC Global's price analysis, check to measure MRC Global's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy MRC Global is operating at the current time. Most of MRC Global's value examination focuses on studying past and present price action to predict the probability of MRC Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MRC Global's price. Additionally, you may evaluate how the addition of MRC Global to your portfolios can decrease your overall portfolio volatility.
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Is MRC Global's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of MRC Global. If investors know MRC will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about MRC Global listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.05) | Earnings Share 1.05 | Revenue Per Share 40.523 | Quarterly Revenue Growth (0.12) | Return On Assets 0.0618 |
The market value of MRC Global is measured differently than its book value, which is the value of MRC that is recorded on the company's balance sheet. Investors also form their own opinion of MRC Global's value that differs from its market value or its book value, called intrinsic value, which is MRC Global's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because MRC Global's market value can be influenced by many factors that don't directly affect MRC Global's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between MRC Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if MRC Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MRC Global's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.