McCoy Global (MCB) Stock Price Prediction from 2024 to 2045 (Complete Information)

McCoy Global (MCB) is an “energy-technology” based company that provides equipment and technological services for companies from the oil and gas industry. The company basically provides the technology businesses need to support wellbore operations and maintenance. It is a veteran company that was founded in 1914, even before the 1st world war took place and has seen so much revolution that had happened to its own industry and to the world.

However, in this blog post we won’t dig up history that old – instead our objective will be to look at McCoy Global (MCB) Stock Price Prediction and its historical price for the last 10 years.

McCoy Global (MCB) Stock Price Prediction 2024 – 2045

McCoy Global (MCB) Stock Price Prediction 2024

In 2024, McCoy Global (MCB) welcomed the market at the price of 2.07 CAD. The stock made its yearly high at 2 CAD in February and its yearly low at 1.83 CAD in August 2024. The predicted price of TSX MCB for 2024 is going to be CAD 2.15.

McCoy Global (MCB) Stock Price Prediction 2025

The average price of the stock of McCoy Global (MCB) for 2025 will be CAD 2.388, with a high forecast of CAD 2.472, and a lower forecast of CAD 2.223.

McCoy Global (MCB) Stock Price Prediction 2026

The average price of the stock of McCoy Global (MCB) for 2026 will be CAD 2.564, with a high forecast of CAD 2.645, and a lower forecast of CAD 2.486.

McCoy Global (MCB) Stock Price Prediction 2027

The average price of the stock of McCoy Global (MCB) for 2027 will be CAD 2.744, with a high forecast of CAD 2.830, and a lower forecast of CAD 2.660.

McCoy Global (MCB) Stock Price Prediction 2028

The average price of the stock of McCoy Global (MCB) for 2028 will be CAD 2.936, with a high forecast of CAD 3.028, and a lower forecast of CAD 2.846.

McCoy Global (MCB) Stock Price Prediction 2029

The average price of the stock of McCoy Global (MCB) for 2029 will be CAD 3.142, with a high forecast of CAD 3.240, and a lower forecast of CAD 3.045.

McCoy Global (MCB) Stock Price Prediction 2030

The average price of the stock of McCoy Global (MCB) for 2030 will be CAD 3.361, with a high forecast of CAD 3.467, and a lower forecast of CAD 3.258.

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McCoy Global (MCB) Stock Price Prediction 2035

The average price of the stock of McCoy Global (MCB) for 2035 will be CAD 4.715, with a high forecast of CAD 4.862, and a lower forecast of CAD 4.570.

McCoy Global (MCB) Stock Price Prediction 2040

The average price of the stock of McCoy Global (MCB) for 2040 will be CAD 6.613, with a high forecast of CAD 6.819, and a lower forecast of CAD 6.409.

McCoy Global (MCB) Stock Price Prediction 2045

The average price of the stock of McCoy Global (MCB) for 2045 will be CAD 9.274, with a high forecast of CAD 9.565, and a lower forecast of CAD 8.990.

McCoy Global (MCB) Stock Price – Historical Pricing:

If we look at the historical pricing of the company on a monthly time, we can see our interesting pattern to build up in the chart. The company’s share price began to go down from the middle of 2017, the share price reached its lowest point in April 2020, and from Bell the stock price began to rise again – which makes the chart look flipped-symmetrical.

McCoy Global (MCB) Stock Historical Pricing 2014

The overall trend for McCoy Global (MCB) for 2014 was negative. The stock, after it opened at the value of 6.84 CAD, faced a resistance right in the month. And, that resistance hit the stock badly in the next month as the stock crashed 20.19% in February. After showing a positive trend from March to June, it was the month of July from which the price began to fall for MAB, it fell so much that it had to exit 2014 at 4.20 CAD.

McCoy Global (MCB) Stock Historical Pricing 2015

Similar chart pattern was observed for MCB in 2015 also as the stock showed an uptrend till June and from that time on, it began to go down. In December, we saw the trading volume increase several times, but there was no escape from the downtrend for MCB even in December – it closed at 2.12 CAD, 16.86% down on monthly timeframe.

McCoy Global (MCB) Stock Historical Pricing 2016

Talking about 2016, the MCB entered the year with a downtrend, but in the new year, the downtrend turned into an uptrend – but only till April 2016. Because in May 2016, it crashed 17.07% and although the price remained almost flat, November saw a 17.71% decline and December saw a 36.81% rise with closing at 1.97 CAD.

McCoy Global (MCB) Stock Historical Pricing 2017

For the first half of 2017, MCB’s share price drove up, but in the next half, it drove downhill. McCoy Global’s share value dropped 22.10% in November which caused it to close at 1.39 CAD in December.

McCoy Global (MCB) Stock Historical Pricing 2018

2018’s chart story had not much difference compared to the story you’ve read till now. The price of each share of MCB dropped almost 22% in 2018 to close at 1.00 CAD.

McCoy Global (MCB) Stock Historical Pricing 2019

In comparison with other years, in 2019 MCB’s stock price dropped more than ever. It dropped violently till August and in September a large influx of buyers saved the stock from crashing more. For the remaining months of 2019, the share price began to go up and stopped at 0.60 CAD in December.

McCoy Global (MCB) Stock Historical Pricing 2020

Good days for McCoy Global finally started in 2020 – although the stock still faced downtrend for the first 4 months of the year. When the uptrend started for MCB, it was valued at 0.400 CAD and at the end of the year, the stock was valued at 0.480 CAD.

McCoy Global (MCB) Stock Historical Pricing 2021

McCoy Global’s share continued to fly with the strong uptrend in 2021. Opening price of the share was 0.51 CAD and closing price was 0.66 CAD.

McCoy Global (MCB) Stock Historical Pricing 2022 & 2023

In 2022 and 2023, the trend of McCoy Global (MCB) got even stronger and the stock started to make stronger uptrend and steep green candles upward with minimal red candles. The closing price of MCB stood at 0.95 CAD for 2022 and at 2.08 CAD for 2023.

McCoy Global (MCB) Technical analysis:

Chart and trend analysis:

In the last 5 months, We have observed a sideways trend in the share price chart of MCB. It may be caused by a consolidation phase due to the stock running in an uptrend for an extended period (middle of 2020 to the beginning of 2024). If this sideways trend turns to be a consolidation phase, it can signal for the continuation of the uptrend.

Support and resistance analysis:

The stock has got a support near 1.89 CAD; however the support doesn’t appear to be quite strong. The next resistance of the stock is around 2.30 CAD – the stock can surely cross the resistance with a good volume.

McCoy Global (MCB) Fundamental analysis:

Company financial overview:

The financials of McCoy Global (MCB) don’t appear to be weak as of now. The company has a market cap of 54.36 millions CAD with its price to earning ratio (TTM) at 6.21. The company’s current dividend yield is at 4%, which is comparatively higher than many other companies.

Company performance:

In the last 3 years, the revenue of TSX: MCB has outgrown past years. There is a slight decrease in the net margin of the company for 2023 (9.37%) as compared to  2022 (16.71%) and 2021 (12.43%).

Disclaimer

The details provided here are for general information only and not investment advice. We encourage our readers to do their own research about the company and consult a professional before investing.

FAQ

Hilda J. Condit

 

Welcome to PredictTorontoStocks! I’m Hilda J. Condit, a seasoned finance professional with a passion for the stock market and a deep-rooted connection to the Toronto Stock Exchange (TSX). With a Bachelor’s degree in Finance and specialized training from CSI Global Education’s Canadian Securities Course (CSC), I bring years of experience and expertise to the world of investment.

Over the years, I have had the privilege of working closely with the TSX, gaining valuable insights and building strong relationships with a diverse range of clients across Canada. My career has been dedicated to providing tailored investment advice and helping individuals and institutions navigate the complexities of the stock market.

In launching PredictTorontoStocks, my goal is to share my knowledge and offer precise stock price predictions to empower investors in making informed decisions. Drawing on my extensive experience and analytical skills, I am committed to delivering accurate forecasts and valuable insights that can help you achieve your investment goals.

Thank you for joining me on this journey. I look forward to contributing to your success in the dynamic world of Toronto stocks.