The stock of ING Groep N.V. (NYSE:ING) decreased by -$0.15 on Tuesday to finish at $14.14, down -1.05 percent. The last five days have seen an average of 2,330,580 shares of common stock traded. 18 times new highs were reached in the current year, with a gain of $1.97. The average number of shares traded over the last 20 days was 2,301,530, while the average volume over the last 50 days totaled 2,542,210.
ING stock dropped -2.15% since last month. On 08/15/23, the company’s shares reached a one-month low of $14.13. The stock touched a high of $14.99 on 08/10/23, after rallying from a low of $8.14 in 52 weeks. The price of ING stock has risen by 16.19% or $1.97 this year, reaching a new high 18 times. Still, the stock price is down -5.70% from the 52-week high.
Valuation Metrics
ING Groep N.V. (ING) has a trailing price-to-earnings (P/E) ratio of 7.91. Beta for the stock is 1.60. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.13, the price-to-book (PB) ratio of 0.92.
Company paid $0.4267 per share in dividends, an increase of 4.05% from $0.4101 last year. A $0.0166 dividend increase was reported on Thursday August 3 2023.
Financial Health
The company’s long-term debt to equity ratio for the recent quarter is 2.68, and the total debt to equity ratio is 2.68. Based on annual data, it had gross profit of $15.38 billion and revenue of $29.89 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. There was a 6.20% return on investment (ROI) in the past year.
Earnings Surprise
At the end of ING Groep N.V.’s most recent quarter, its total debt was $212.1 billion.
Technical Picture
Here’s a quick look at ING Groep N.V.’s (ING) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 39.86%, suggesting the stock is Neutral, with a 26.09% historical volatility rate.
The stochastic %K and %D were 11.73% and 33.03% respectively, while the average true range (ATR) was 0.28. Based on the 14-day stochastic reading of 1.16%, the RSI (14) reading is 46.36%. On the 9-day MACD Oscillator, the stock is at -0.28, and the 14-day reading is at -0.25.
Analyst Ratings
In its most recent analyst report, Barclays raised its rating on ING Groep N.V. (NYSE: ING) to an Equal weight. Prior to this, analysts firm rated the stock as an Underweight. Analysts have assigned ING Groep N.V. (ING) an Overweight rating. ING is a stock that is recommended for selling by 0 brokerage firms, while 7 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 1 rate it overweight and 16 others recommend it as a buy.
What is ING’s price target for the next 12 months?
The current consensus forecast for the stock is between $13.63 and $22.16, with a median target price of $18.04. In analyzing these forecasts, the average price target given by analysts for ING Groep N.V. (ING) is $17.93.
