MRC Global Inc (NYSE: MRC) has recently enjoyed extremely meaningful positive changes in investment behavior: the stock rose on very heavy volume, and its shorter term price trend turned up.
MRC Global Inc (NYSE: MRC) has recently enjoyed significant positive changes in fundamentals: significant quarterly earnings acceleration occurred, and the stock’s power rating rose above 70.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, MRC is expected to continue to be a major Value Builder.
MRC Global has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. MRC Global has a slightly negative Appreciation Score of 30 but a good Power Rating of 73, producing the Neutral Value Trend Rating.
Recent Price Action
On 5/9/24, MRC Global Inc (NYSE: MRC) stock enjoyed a very large increase of 8.9%, closing at $12.76. Moreover, exceptionally high trading volume at 245% of normal accompanied the advance. Relative to the market the stock has been strong over the last nine months and has risen 14.6% during the last week.
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