ING Groep N.V. ADR (NYSE: ING)’s stock price has increased by 0.48 compared to its previous closing price of 17.83. However, the company has seen a -2.10% decrease in its stock price over the last five trading sessions. seekingalpha.com reported 2024-08-21 that ING Groep N.V. reported Q2 earnings showing rates are now a headwind for growth, leading to a premium valuation. Despite strong fundamentals and high dividend yield, ING’s revenue decline and cost pressures make it less attractive for investment. ING’s profitability is expected to decline in the near future, with uncertain macroeconomic conditions potentially impacting earnings growth.
Is It Worth Investing in ING Groep N.V. ADR (NYSE: ING) Right Now?
ING has 36-month beta value of 1.55. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for ING is 3.24B, and currently, short sellers hold a 0.08% ratio of that float. The average trading volume of ING on September 04, 2024 was 1.82M shares.
ING’s Market Performance
ING stock saw an increase of -2.10% in the past week, with a monthly gain of 7.40% and a quarterly increase of 2.31%. The volatility ratio for the week is 1.17%, and the volatility levels for the last 30 days are 1.17% for ING Groep N.V. ADR (ING). The simple moving average for the last 20 days is 3.03% for ING stock, with a simple moving average of 12.44% for the last 200 days.
ING Trading at 1.37% 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 unable to rebound, for now settling with -3.99% of loss for the given period.
Volatility was left at 1.17%, however, over the last 30 days, the volatility rate increased by 1.17%, as shares surge +8.07% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.08% upper at present.
During the last 5 trading sessions, ING fell by -2.27%, which changed the moving average for the period of 200-days by +31.03% in comparison to the 20-day moving average, which settled at $17.45. In addition, ING Groep N.V. ADR saw 19.27% 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:
- 0.31 for the present operating margin
- 0.99 for the gross margin
The net margin for ING Groep N.V. ADR stands at 0.31. The total capital return value is set at 0.02. Equity return is now at value 13.68, with 0.67 for asset returns.
Currently, EBITDA for the company is -235.0 million with net debt to EBITDA at -220.63. When we switch over and look at the enterprise to sales, we see a ratio of 5.89. The receivables turnover for the company is 56.09for 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 0.28.
Conclusion
To put it simply, ING Groep N.V. ADR (ING) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
