ING Groep N.V. ADR (NYSE:ING) saw a downside of -0.53% to close Tuesday at $13.05 after subtracting -$0.07 on the day. The 5-day average trading volume is 3,055,120 shares of the company’s common stock. It has gained $14.13 in the past week and touched a new high 1 time within the past 5 days. An average of 2,371,800 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,305,760.
ING’s 1-month performance is -8.29% or -$1.18 on its low of $12.93 reached on 09/25/23. The company’s shares have touched a 52-week low of $8.14 and high of $14.99, with the stock’s rally to the 52-week high happening on 08/10/23. YTD, ING has achieved 7.23% or $0.88 and has reached a new high 18 times. However, the current price is down -12.97% from the 52-week high price.
Valuation Metrics
ING stock has a beta of 1.60. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.17 while the price-to-book (PB) in the most recent quarter is 0.84.
As well, the company’s long term debt to equity for the quarter ending December 30 was 3.25, while the total debt to equity was 3.25. 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. ADR (ING) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 26 September was 30.33% to suggest the stock is trending Neutral, with historical volatility in this time period at 39.92%.
The stock’s 5-day moving average is $13.40, reflecting a -5.91% or -$0.82 change from its current price. ING is currently trading -9.81% above its 20-day SMA, +7.76% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -9.69% and SMA200 by+10.69%.
Stochastic %K and %D was 8.74% and 23.04% and the average true range (ATR) pointed at 0.28. The RSI (14) points at 33.98%, while the 14-day stochastic is at 9.74% with the period’s ATR at 0.26. The stock’s 9-day MACD Oscillator is pointing at -0.54 and -0.58 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for ING Groep N.V. ADR (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 15 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 $13.33 and a high of $22.16, with their median price target at $17.54. Looking at these predictions, the average price target given by analysts is for ING Groep N.V. ADR (ING) stock is $17.73.
