As of Thursday close, ING Groep N.V.’s (NYSE:ING) stock was down -$0.48, moving down -3.28 percent to $14.15. The average number of shares traded per day over the past five days has been 2,497,940 shares. 4 times new highs have been achieved over the past 5 days, with a -$0.01 fall in that time frame. In the last twenty days, the average volume was 2,369,850, while in the previous 50 days, it was 2,491,616.
Since last month, ING stock retreated -0.84%. Shares of the company fell to $13.87 on 08/18/23, the lowest level in the past month. A 52-week high of $14.99 was reached on 08/10/23 after having rallying from a 52-week low of $8.14. Since the beginning of this year, ING’s stock price has risen by 16.27% or $1.98, and marked a new high 18 times. However, the stock has declined by -5.64% since its 52-week high.
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Valuation Metrics
Right now, ING Groep N.V. (ING) has a P/E ratio of about 8.04. The stock’s beta is 1.60. Besides these, the trailing price-to-sales (P/S) ratio of 1.13, the price-to-book (PB) ratio of 0.93.
The latest dividend of $0.4267 per share was paid out, which is 4.05% more than last year’s $0.4101. On Thursday August 3 2023, a $0.0166 dividend increase was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 2.68, and the total debt-to-equity ratio was 2.68. Based on annual data, ING earned $15.38 billion in gross profit and brought in $29.89 billion in revenue.
While analysts expected ING Groep N.V. to report $0.28 quarterly earnings, the actual figure was $0.31 per share, beating the consensus estimate by 10.70%.
Technical Picture
This quick technical analysis looks at ING Groep N.V.’s (ING) price momentum. With a historical volatility rate of 22.45%, the RSI 9-day stood at 43.18% on 31 August.
With respect to its five-day moving average, the current ING Groep N.V. price is down by -0.07% percent or -$0.01. At present, ING shares trade -2.41% below its 20-day simple moving average and +14.30% percent above its 100-day simple moving average. However, the stock is currently trading approximately +5.36% above its SMA50 and +22.83% above its SMA200.
Stochastic coefficient K was 61.54% and Stochastic coefficient D was 60.19%, while ATR was 0.25. Given the Stochastic reading of 32.00% for the 14-day period, the RSI (14) reading has been calculated as 46.65%. As of today, the MACD Oscillator reading stands at 0.16, while the 14-day reading stands at 0.23.
Analyst Ratings
Barclays upgraded its rating on ING Groep N.V. (NYSE: ING) to an Equal weight in a note to investors on March 23, 2022. The analysts firm previously had an Underweight rating on the stock.ING Groep N.V. (ING) has been rated Overweight by analysts. According to 0 brokerage firms, ING is a sell, and 7 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 1 analyst rate ING Groep N.V. stock as buy, with 16 recommending it as overweight.
With a median target price of $18.04, the current consensus forecast for the stock is $13.63 – $22.16. Based on these forecasts, analysts predict ING Groep N.V. (ING) will achieve an average price target of $17.92.
