That’s why I Feel Comfortable With ING Groep N.V. ADR’s (ING) Future

ING Groep N.V. ADR [ING] stock prices are up 0.85% to $14.22 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The ING shares have gain 3.42% over the last week, with a monthly amount glided 7.89%, and seem to be holding up well over a long-time horizon.

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On 4, March 2024, ING to repurchase shares for employee compensation. In a post published today on Yahoo Finance, ING to repurchase shares for employee compensation.

From an analyst’s perspective:

ING Groep N.V. ADR [NYSE: ING] stock has seen the most recent analyst activity on March 23, 2022, when Barclays upgraded its rating to a Equal Weight. Previously, RBC Capital Mkts downgraded its rating to Sector Perform on December 02, 2021. On June 04, 2021, downgrade downgraded it’s rating to Underweight. Morgan Stanley upgraded its rating to a Overweight. Credit Suisse upgraded its rating to a Outperform. Barclays upgraded its rating to Equal Weight for this stock on October 23, 2019. In a note dated August 02, 2019, Exane BNP Paribas downgraded an Neutral rating on this stock.

The stock price of ING Groep N.V. ADR [ING] has been fluctuating between $11.00 and $15.22 over the past year. ING Groep N.V. ADR [NYSE: ING] shares were valued at $14.22 at the most recent close of the market.

Analyzing the ING fundamentals

The ING Groep N.V. ADR [NYSE:ING] reported sales of 24.41B for trailing twelve months, representing a surge of 17.14%. Gross Profit Margin for this corporation currently stands at 0.99% with Operating Profit Margin at 0.36%, Pretax Profit Margin comes in at 0.47%, and Net Profit Margin reading is 0.32%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.14 and Total Capital is 0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 3.13.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 14.14 points at the first support level, and at 14.06 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.29, and for the 2nd resistance point, it is at 14.37.

Ratios To Look Out For

It’s worth pointing out that ING Groep N.V. ADR [NYSE:ING]’s Current Ratio is 0.25. Considering the valuation of this stock, the price to sales ratio is 1.93, the price to book ratio is 0.82.

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