MRC Global Inc (NYSE: MRC) Stock Has Dropped -11.20% Over The Month – Is There Room For Growth?

MRC Global Inc (NYSE:MRC)’s traded shares stood at 0.89 million during the last session, with the company’s beta value hitting 2.00. At the close of trading, the stock’s price was $12.13, to imply a decrease of -1.06% or -$0.13 in intraday trading. The MRC share’s 52-week high remains $14.02, putting it -15.58% down since that peak but still an impressive 32.81% since price per share fell to its 52-week low of $8.15. The company has a valuation of $1.03B, with an average of 525.54K shares over the past 3 months.

MRC Global Inc (NYSE:MRC) trade information

After registering a -1.06% downside in the last session, MRC Global Inc (MRC) has traded red over the past five days. The stock hit a weekly high of 12.44, dropping -1.06% in its intraday price action. The 5-day price performance for the stock is -2.65%, and -11.20% over 30 days. With these gigs, the year-to-date price performance is 10.17%.

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MRC Global Inc (MRC) estimates and forecasts

Looking at statistics comparing MRC Global Inc share performance against respective industry, we note that the company has underperformed competitors. MRC Global Inc (MRC) shares are 11.80% up over the last 6 months, with its year-to-date growth rate lower than industry average at -15.93% against -5.30%. The rating firms project that company’s revenue will shrink -1.90% compared to the previous financial year.

Revenue forecast for the current quarter as set by 5 analysts is 831.2M. Meanwhile, for the current quarter, a total of 5 analyst(s) estimate revenue growth to 878.84M.Earnings reports from the last fiscal year show that sales brought in 871M and 888M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -4.60% before dropping -1.00% in the following quarter.

An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 14.08% for the past 5-year period. While 2024 is set for a -8.32% return in earnings, projections for the next 5 years are at 15.00% annually.

MRC Dividends

MRC Global Inc has its next earnings report out in July. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. MRC Global Inc has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.