ING Groep N.V. ADR (ING) stock forecast: Can it reach its 52-week high of $18.04

A share price of ING Groep N.V. ADR [ING] is currently trading at $17.02, up 2.41%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ING shares have gain 3.78% over the last week, with a monthly amount drifted -4.38%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

ING Groep N.V. ADR [NYSE: ING] stock has seen the most recent analyst activity on June 07, 2024, when Barclays upgraded its rating to a Overweight. Previously, Barclays upgraded its rating to Equal Weight on March 23, 2022. On December 02, 2021, downgrade downgraded it’s rating to Sector Perform. Barclays downgraded its rating to a Underweight. Morgan Stanley upgraded its rating to a Overweight. Credit Suisse upgraded its rating to Outperform for this stock on September 08, 2020. In a note dated October 23, 2019, Barclays upgraded an Equal Weight rating on this stock.

ING Groep N.V. ADR experienced fluctuations in its stock price throughout the past year between $12.44 and $18.04. ING Groep N.V. ADR [NYSE: ING] shares were valued at $17.02 at the most recent close of the market.

Analyzing the ING fundamentals

Trailing Twelve Months sales for ING Groep N.V. ADR [NYSE:ING] were 24.50B which represents 1.45% growth. Gross Profit Margin for this corporation currently stands at 0.99% with Operating Profit Margin at 0.26%, Pretax Profit Margin comes in at 0.46%, 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 0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 3.39.

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 16.92 points at the first support level, and at 16.82 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.08, and for the 2nd resistance point, it is at 17.15.

Ratios To Look Out For

To put it in perspective, the Current Ratio for ING Groep N.V. ADR [NYSE:ING] is 0.28. Considering the valuation of this stock, the price to sales ratio is 2.16, the price to book ratio is 0.98.

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