ING Groep N.V. (ING): Keep paying attention to its insider activity

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NTGR
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ING Groep N.V. (NYSE:ING) saw an upside of 1.24% to close Tuesday at $13.86 after adding $0.17 on the day. The 5-day average trading volume is 3,415,940 shares of the company’s common stock. It has gained $13.93 in the past week and touched a new high 3 times within the past 5 days. An average of 3,506,365 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,082,610.

ING’s 1-month performance is 12.68% or $1.61 on its low of $12.12 reached on 12/30/22. The company’s shares have touched a 52-week low of $8.14 and high of $15.56, with the stock’s rally to the 52-week high happening on 01/24/23. YTD, ING has achieved 13.89% or $1.69 and has reached a new high 9 times. However, the current price is down -10.91% from the 52-week high price.

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Valuation Metrics

ING stock has a beta of 1.59. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.11 while the price-to-book (PB) in the most recent quarter is 0.93.

The firm’s gross profit as reported stood at $16.56 billion against revenue of $24.91 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income shrunk -5.4% to $2.52 billion, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected ING to announce $0.33 per share in earnings in its latest quarter, but it posted $0.33, representing a 0.00% surprise.

Let’s look briefly at ING Groep N.V. (ING) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 74.12% to suggest the stock is trending Overbought, with historical volatility in this time period at 21.69%.

The stock’s 5-day moving average is $13.47, reflecting a +3.20% or $0.43 change from its current price. ING is currently trading +13.33% above its 20-day SMA, +56.43% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +27.62% and SMA200 by+37.09%.

Stochastic %K and %D was 89.82% and 80.63% and the average true range (ATR) pointed at 0.24. The RSI (14) points at 72.33%, while the 14-day stochastic is at 94.40% with the period’s ATR at 0.24. The stock’s 9-day MACD Oscillator is pointing at 0.15 and 0.31 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for ING Groep N.V. (NYSE: ING), Barclays upgraded it to an Equal weight rating. They previously had an Underweight rating on the stock. Analysts offering their rating for ING stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate ING as a “sell,”, while 7 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 15 have offered a “buy” rating.

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