What’s Up With All The Volatility in ING Groep N.V. (ING) Trading?

The stock is lingering around the initial support level of $11.2. After this, the following support is at the zone of $11.12. Up until the time the ING stock hit levels beyond the current one, bulls should have no alarm. In terms of its momentum, the stock’s RSI hit 44.75 on the daily chart, and this may be a cause for concern. In case the price goes below $11.12 level on closing basis, there may be more profit booking with the stock growing weaker. Still, getting to the $11.34 level may cause a pull-back move approaching $11.4 mark.

ING Groep N.V. (ING) is most likely going to rise 41.97 percent in the coming 12 months, as per price target approximations compiled by finviz. Nevertheless, they have set the price target at a $16.07-month high price target. This represents a whopping 42.59 percent increase from the current trading of shares. The 52-week median price target given by the analysts is $13.38, which means a return possibility of 18.72 percent in comparison with the closing price of the stock of $11.27 on December 03. The lowest price set for the stock is $10.38 — just above -7.9 percent from ING share price now.

Let’s take a glimpse at some insider activity at ING Groep N.V. (NYSE:ING) and observe the pattern. The earliest insider trade happened on 10/25/2007. ING GROEP NV parted with a total of 323 thousand shares of the firm at average share price of $26.44. The total amount for the sale was set at $8.54 million. On completing this exchange, the 10% Owner account balance was 0 thousand shares. The stock lost -56.69 percent from that insider sale.

On December 03, 2019, ING Groep N.V. (NYSE:ING) shares lost -1.57% or -0.18 points to close at $11.27 with a heavy trading volume of 5.688 million shares. It opened the trading session at $11.33, the shares rose to $11.33 and dropped to $11.19, the range by which the price of stock traded the whole day. The company now has a market cap of $43.9 billion and currently has 3.9 billion outstanding shares. ING Groep N.V. (ING) stock has plunged -1.4 percent of market value in 21 trading days.

Stock analysts at Barclays upped their rating on shares of ING Groep N.V. (NYSE:ING) from Underweight to a new rating of Equal Weight in their opinion released on October 23. Exane BNP Paribas analysts have downgraded their rating of ING shares from Outperform to Neutral in a separate flash note to investors on August 02.

ING stock’s trailing 3-year beta is 1.36, meaning there will be a greater rate of return, although posing a higher risk. The part of a firm’s profit given to each outstanding share of regular stock was $1.24 share in the trailing 52 weeks. The stock’s value surged 5.72 percent year to date (YTD) compared to a decline of -6.71 percent in 52 week’s period. The firm’s shares are still trading -17.86 percent below its 1-year high of $13.72 and 22.23 percent up from 52-week low of $9.22. The average consensus ranking on the company is 0, on a ranging where 5 is equal to a consensus sell rating. In other words, the mean analyst recommendations are ranking this stock as a buy.

ING Groep N.V. (ING) shares are trading at a P/E ratio of 8.9 times earnings posted in the trailing 12 months. The industry ING deals with has an average P/E of 10.9. Its P/B ratio is standing at 0.7X compared to the 1 industry average. It is additionally sporting a 2.1 on the Price-to-Sales ratio, compared to the industry’s P/S average of 2.5.

Past records have indicated that shares in ING Groep N.V. rose on 12 different earnings reaction days and we have yet to see whether this trend will play out and remain in place when the company reports upcoming earnings.