Mrc Global Stock Probability of Future Stock Price Finishing Over 16.0

MRC Stock  USD 12.56  0.04  0.32%   
MRC Global's implied volatility is one of the determining factors in the pricing options written on MRC Global. Implied volatility approximates the future value of MRC Global based on the option's current value. Options with high implied volatility have higher premiums and can be used to hedge the downside of investing in MRC Global over a specific time period. For example, 2024-04-19 CALL at $12.5 is a CALL option contract on MRC Global's common stock with a strick price of 12.5 expiring on 2024-04-19. The contract was last traded on 2024-03-22 at 10:25:18 for $0.7 and, as of today, has 22 days remaining before the expiration. The option is currently trading at a bid price of $0.1, and an ask price of $0.5. The implied volatility as of the 28th of March is 20.14. View All MRC options

Closest to current price MRC long CALL Option Payoff at Expiration

MRC Global's future price is the expected price of MRC Global instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of MRC Global performance during a given time horizon utilizing its historical volatility. Check out MRC Global Backtesting, MRC Global Valuation, MRC Global Correlation, MRC Global Hype Analysis, MRC Global Volatility, MRC Global History as well as MRC Global Performance.
For information on how to trade MRC Stock refer to our How to Trade MRC Stock guide.
  
The current year's Price Earnings Ratio is expected to grow to 9.49. The current year's Price To Sales Ratio is expected to grow to 0.41. Please specify MRC Global's target price for which you would like MRC Global odds to be computed.

MRC Global Target Price Odds to finish over 16.0

The tendency of MRC Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
Current PriceHorizonTarget PriceOdds to move over $ 16.00  or more in 90 days
 12.56 90 days 16.00 
near 1
Based on a normal probability distribution, the odds of MRC Global to move over $ 16.00  or more in 90 days from now is near 1 (This MRC Global probability density function shows the probability of MRC Stock to fall within a particular range of prices over 90 days) . Probability of MRC Global price to stay between its current price of $ 12.56  and $ 16.00  at the end of the 90-day period is about 6.38 .
Considering the 90-day investment horizon the stock has the beta coefficient of 1.83 . This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, MRC Global will likely underperform. Additionally MRC Global has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
   MRC Global Price Density   
       Price  

Predictive Modules for MRC Global

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as MRC Global. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of MRC Global's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
10.2112.5314.85
Details
Intrinsic
Valuation
LowRealHigh
10.6512.9715.29
Details
Naive
Forecast
LowNextHigh
10.4112.7315.05
Details
6 Analysts
Consensus
LowTargetHigh
12.7414.0015.54
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as MRC Global. Your research has to be compared to or analyzed against MRC Global's peers to derive any actionable benefits. When done correctly, MRC Global's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in MRC Global.

MRC Global Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. MRC Global is not an exception. The market had few large corrections towards the MRC Global's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold MRC Global, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of MRC Global within the framework of very fundamental risk indicators.
α
Alpha over NYSE Composite
-0.02
β
Beta against NYSE Composite1.83
σ
Overall volatility
0.84
Ir
Information ratio 0.04

MRC Global Alerts and Suggestions

In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of MRC Global for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for MRC Global can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
MRC Global is unlikely to experience financial distress in the next 2 years
MRC Global has a strong financial position based on the latest SEC filings
Over 97.0% of the company shares are owned by institutional investors
Latest headline from benzinga.com: MRC Global Announces First Quarter 2024 Earnings Release, Conference Call and Webcast Schedule

MRC Global Price Density Drivers

Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of MRC Stock often depends not only on the future outlook of the current and potential MRC Global's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. MRC Global's indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding85.5 M
Cash And Short Term Investments131 M

MRC Global Technical Analysis

MRC Global's future price can be derived by breaking down and analyzing its technical indicators over time. MRC Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of MRC Global. In general, you should focus on analyzing MRC Stock price patterns and their correlations with different microeconomic environments and drivers.

MRC Global Predictive Forecast Models

MRC Global's time-series forecasting models is one of many MRC Global's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary MRC Global's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.

Things to note about MRC Global

Checking the ongoing alerts about MRC Global for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for MRC Global help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
MRC Global is unlikely to experience financial distress in the next 2 years
MRC Global has a strong financial position based on the latest SEC filings
Over 97.0% of the company shares are owned by institutional investors
Latest headline from benzinga.com: MRC Global Announces First Quarter 2024 Earnings Release, Conference Call and Webcast Schedule
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 MRC Global Backtesting, MRC Global Valuation, MRC Global Correlation, MRC Global Hype Analysis, MRC Global Volatility, MRC Global History as well as MRC Global Performance.
For information on how to trade MRC Stock refer to our How to Trade MRC Stock guide.
You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.

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.