ING Groep N.V. (NYSE:ING) saw an upside of 1.09% to close Monday at $14.83 after adding $0.16 on the day. The 5-day average trading volume is 2,532,520 shares of the company’s common stock. It has gained $14.88 in the past week and touched a new high 3 times within the past 5 days. An average of 2,414,385 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,562,006.
ING’s 1-month performance is 9.53% or $1.29 on its low of $13.45 reached on 07/10/23. The company’s shares have touched a 52-week low of $8.14 and high of $14.85, with the stock’s rally to the 52-week high happening on 08/07/23. YTD, ING has achieved 21.86% or $2.66 and has reached a new high 17 times. However, the current price is down -0.13% from the 52-week high price.
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 1.15 while the price-to-book (PB) in the most recent quarter is 0.97.
The firm’s gross profit as reported stood at $15.38 billion against revenue of $29.89 billion.
Earnings Surprise
For the quarterly period ending December 30 this year, Analysts expected ING to announce $0.28 per share in earnings in its latest quarter, but it posted $0.31, representing a 10.70% 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 07 August was 66.92% to suggest the stock is trending Neutral, with historical volatility in this time period at 18.12%.
The stock’s 5-day moving average is $14.56, reflecting a +1.78% or $0.26 change from its current price. ING is currently trading +9.53% above its 20-day SMA, +16.86% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +15.59% and SMA200 by+58.95%.
Stochastic %K and %D was 73.68% and 53.30% and the average true range (ATR) pointed at 0.23. The RSI (14) points at 65.49%, while the 14-day stochastic is at 92.96% with the period’s ATR at 0.23. The stock’s 9-day MACD Oscillator is pointing at 0.14 and 0.10 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.” 1 analysts have rated the stock as underweight. 1 rates the stock as overweight while 16 have offered a “buy” rating.
What is ING’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $13.67 and a high of $22.16, with their median price target at $18.04. Looking at these predictions, the average price target given by analysts is for ING Groep N.V. (ING) stock is $17.84.
