As of Friday close, ING Groep N.V.’s (NYSE:ING) stock was down -$0.96, moving down -6.88 percent to $12.99. The average number of shares traded per day over the past five days has been 2,690,880 shares. 3 times new highs have been achieved over the past 5 days, with a -$0.87 fall in that time frame. In the last twenty days, the average volume was 2,348,255, while in the previous 50 days, it was 2,278,262.
Since last month, ING stock retreated -8.78%. Shares of the company fell to $12.98 on 09/22/23, 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 6.74% or $0.82, and marked a new high 18 times. However, the stock has declined by -13.37% since its 52-week high.
Valuation Metrics
Right now, ING Groep N.V. (ING) has a P/E ratio of about 7.50. The stock’s beta is 1.59. Besides these, the trailing price-to-sales (P/S) ratio of 1.06, the price-to-book (PB) ratio of 0.87.
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 39.32%, the RSI 9-day stood at 26.57% on 22 September.
With respect to its five-day moving average, the current ING Groep N.V. price is down by -6.28% percent or -$0.87. At present, ING shares trade -8.26% below its 20-day simple moving average and +5.61% percent above its 100-day simple moving average. However, the stock is currently trading approximately -10.66% below its SMA50 and +9.53% above its SMA200.
Stochastic coefficient K was 34.32% and Stochastic coefficient D was 34.04%, while ATR was 0.30. Given the Stochastic reading of 0.87% for the 14-day period, the RSI (14) reading has been calculated as 31.59%. As of today, the MACD Oscillator reading stands at -0.14, while the 14-day reading stands at -0.13.
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.
