MRC Global Inc. (NYSE:MRC) have climbed higher recently touching a new recent high, pricing at $19.94 according to a recent bid. Is now the time to jump in on the momentum or is a pullback on the way?
Recent Performance, Previous Highs/Lows
Let’s look at how the stock has been performing recently. Up to and including the current high, this year, MRC Global Inc. (NYSE:MRC)‘s stock has moved 45.12%. The performance for the past week was -2.50%. This past month, MRC Global Inc.’s stock is trading 27.52%, 24.55% over the last quarter, 37.24% for the past half-year and 26.57% for the past year.
In comparing current levels to the 50 day averages, MRC Global Inc.’s stock is 1.19% away from the recent high and 45.80% from the 50-day low.
EPS and Recommendations
Earnings Per Share (EPS), the portion of a company’s profit distributed to each outstanding common share, is a helpful indicator of a company’s profitability. EPS is usually considered to be the most important variable in determining a share’s price. MRC Global Inc.’s EPS growth this year is -340.90% and their trailing 12-month EPS is $-4.77. Analysts are estimating the firms growth for next year to be 88.20%. Analysts on a consensus basis, on a numerical scale 1-5 scale, have an average recommendation of 2.30.
Disclaimer: The views, opinions, and information expressed in this article are those of the authors and do not necessarily reflect the official policy or position of any company stakeholders, financial professionals, or analysts. Examples of analysis performed within this article are only examples. They should not be utilized to make stock portfolio or financial decisions as they are based only on limited and open source information. Assumptions made within the analysis are not reflective of the position of any analysts or financial professionals.