Where Does ING Groep N.V. (ING) Rank When It Comes To Price-To-Earnings Ratio?

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ING Groep N.V. (NYSE:ING) finished Thursday with an addition of $0.02 to close at $9.50, an upside of 0.21 percent. An average of 4,104,360 shares of common stock have been traded in the last five days. There was a fall of -$0.36 in the past week, and it reached a new high 18 times over the past 12 months. The last 20 days have seen an average of 5,892,325 shares traded, while the 50-day average volume stands at 4,932,256.

ING stock has increased by 5.67% in the last month. The company shares reached their 1-month lowest point of $8.42 on 09/07/22. With the stock rallying to its 52-week high on 02/08/22, shares of the company touched a low of $8.42 and a high of $15.56 in 52 weeks. It has reached a new high 11 times so far this year and lost -29.94% or -$4.42 in price. In spite of this, the price is down -38.93% from the 52-week high.


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Valuation Metrics

ING Groep N.V. (ING) has a trailing price-to-earnings (P/E) ratio of 9.30. The stock’s beta is 1.61. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.63, the price-to-book (PB) ratio at 0.69.

The company’s most recent quarterly dividend payment was $0.1737 a share, representing a down of -29.16% from $0.2452 last year. Its latest decrease dividend $0.0715 reported on Friday August 5 2022.

Financial Health

Further, the company has a long term debt to equity ratio of 2.10 and a total debt to equity ratio of 0.00 for the recent quarter. Its gross profit as reported stood at $16.56 billion compared to revenue of $24.91 billion.

Earnings Surprise

The company posted a net income of $2.52 billion in the quarter, while revenues were shrunk -5.4%. At the end of the recent quarter, ING Groep N.V.’s stock balance sheet showed total debt was $180.24 billion.

Technical Picture

From a technical analysis perspective, let’s take a brief look at ING Groep N.V. (ING) price momentum. RSI 9-day as of the close on 22 September was 53.70%, suggesting the stock is Neutral, with historical volatility in this time frame at 37.59%.

As of today, ING’s price is $9.67 -3.65% or -$0.36 from its 5-day moving average. ING is currently trading +5.20% higher than its 20-day SMA and +1.71% higher than its 100-day SMA. However, the stock’s current price level is +4.05% above the SMA50 and -32.53% below the SMA200.

The stochastic %K and %D were 72.36% and 79.54%, respectively, and the average true range (ATR) was 0.26. With the 14-day stochastic at 68.35% and the average true range at 0.26, the RSI (14) stands at 53.27%. The stock has reached -0.10 on the 9-day MACD Oscillator while the 14-day reading was at 0.22.

Analyst Ratings

Barclays upgraded ING Groep N.V. (NYSE: ING) to a an Equal weight rating in its most recent analyst report. Previously, the stock was rated as an Underweight.

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