ING Groep N.V. ADR (NYSE: ING)’s stock price has gone rise by 1.42 in comparison to its previous close of 16.87, however, the company has experienced a 4.08% increase in its stock price over the last five trading days. Reuters reported 2024-02-01 that ING Groep, the largest Dutch bank by assets, reported better-than-expected fourth-quarter profit on Thursday aided by higher interest rates, although it forecast lower total income for 2024.
Is It Worth Investing in ING Groep N.V. ADR (NYSE: ING) Right Now?
The 36-month beta value for ING is also noteworthy at 1.59. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 1 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for ING is 3.32B, and at present, short sellers hold a 0.08% of that float. The average trading volume of ING on April 09, 2024 was 3.06M shares.
ING’s Market Performance
ING’s stock has seen a 4.08% increase for the week, with a 16.87% rise in the past month and a 17.76% gain in the past quarter. The volatility ratio for the week is 1.25%, and the volatility levels for the past 30 days are at 1.04% for ING Groep N.V. ADR. The simple moving average for the past 20 days is 7.56% for ING’s stock, with a 21.69% simple moving average for the past 200 days.
ING Trading at 17.61% from the 50-Day Moving Average
After a stumble in the market that brought ING to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 0.06% of gains for the given period.
Volatility was left at 1.04%, however, over the last 30 days, the volatility rate increased by 1.25%, as shares surge +16.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +20.75% upper at present.
During the last 5 trading sessions, ING rose by +4.08%, which changed the moving average for the period of 200-days by +27.40% in comparison to the 20-day moving average, which settled at $16.03. In addition, ING Groep N.V. ADR saw 13.91% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for ING
Current profitability levels for the company are sitting at:
- 0.36 for the present operating margin
- 0.99 for the gross margin
The net margin for ING Groep N.V. ADR stands at 0.32. The total capital return value is set at 0.03. Equity return is now at value 13.87, with 0.75 for asset returns.
Currently, EBITDA for the company is -235.0 million with net debt to EBITDA at 16.35. When we switch over and look at the enterprise to sales, we see a ratio of 6.02. The receivables turnover for the company is 27.03for trailing twelve months and the total asset turnover is 0.02. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.23.
Conclusion
In summary, ING Groep N.V. ADR (ING) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
