ING Groep N.V. (NYSE:ING) price on Thursday, August 26, fall -0.07% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $13.71.
A look at the stock’s price movement, the level at last check in today’s session was $13.72, moving within a range at $13.6012 and $13.795. The beta value (5-Year monthly) was 2.14 while the PE ratio in trailing twelve months stood at 11.53. Turning to its 52-week performance, $14.28 and $6.63 were the 52-week high and 52-week low respectively. Overall, ING moved 8.63% over the past month.
ING Groep N.V.’s market cap currently stands at around $53.12 billion. The company has a Forward Dividend ratio of 0.15, with its dividend yield at 1.09%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that ING is a 100% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
22 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 4 analyst(s) rate the stock as a Hold, 15 recommend ING as a Buy and 1 give it an Overweight rating. Meanwhile, 1 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Overweight which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
ING’s current price about 2.59% and 4.79% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 60.01, while 7-day volatility ratio is 1.27% and 1.45% in the 30-day chart. Further, ING Groep N.V. (ING) has a beta value of 1.95, and an average true range (ATR) of 0.25. Analysts have given the company’s stock an average 52-week price target of $15.16, forecast between a low of $10.58 and high of $17.03. Looking at the price targets, the low is 22.83% off recent price level in today’s trading while to achieve the yearly target high, it has to move -24.22%. Nonetheless, investors will most likely welcome a -11.52% jump to $15.29 which is the analysts’ median price.
In the market, a comparison of ING Groep N.V. (ING) and its peers suggest the former has performed considerably weaker. Data shows ING’s intraday price has changed -0.07% today and 67.11% over the past year. Comparatively, KB Financial Group Inc. (KB) has moved 0.07% so far today and only 43.93% in the past 12 months. Looking at another peer, we see that Credicorp Ltd. (BAP) price has dipped -1.07% on the day. However, the stock is -19.32% off its price today a year ago. Moreover, JPMorgan Chase & Co. (JPM) is also up 0.89% in today’s trading while keeping a an uptrend of 60.12% over the past year. If we look at the PE ratio, we find that ING Groep N.V.’s ratio stands at 11.53 compared to KB Financial Group Inc.’s 5.37 and Credicorp Ltd.’s 16.17. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are down -0.33% and -0.15% respectively on the day as seen in early trades.
If we refocus on ING Groep N.V. (NYSE:ING), historical trading data shows that trading volumes averaged 3.97 million over the past 10 days and 4.28 million over the past 3 months. The company’s latest data on shares outstanding shows there are 3.90 billion shares.
The 1.00% of ING Groep N.V.’s shares are in the hands of company insiders while institutional holders own 3.60% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 2.25 million on May 27, 2021, giving us a short ratio of 0.42. The data shows that as of May 27, 2021 short interest in ING Groep N.V. (ING) stood at 0.06% of shares outstanding, with shares short rising to 1.94 million registered in Apr 29, 2021. Current price change has pushed the stock 45.34% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ING stock continues to rise going into the next quarter.