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Company’s Banking Shares: Up -0.50% from 52-Week Low, But Can the Momentum Hold?

ING Groep N.V. ADR’s market performance has been stable in recent times. The company’s stock hit a 1-year high of $18.66 on 07/22/24 and a low of $12.44 for the same time frame on 11/02/23.

52-week price history of ING Stock

Studying a stock’s 52-week price history, which includes both low and high prices, can help gauge its current status and potential future performance. ING Groep N.V. ADR’s current trading price is -0.50% away from its 52-week high, while its distance from the 52-week low is 49.18%. The stock’s price range during the 52-week period has remained between $12.44 and $18.66. In the Financial sector, the company’s shares saw a trading volume of around 0.77 million for the day, which was evidently lower than the average daily volume of 1.71 million over the past three months.

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Market Capitalization and Financial Performance: An In-Depth Look

ING Groep N.V. ADR (ING) has experienced a quarterly rise of 10.44% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 60.14B and boasts a workforce of 62845 employees.

Making Sense of Trading Volume and Moving Average Data

Based on Barchart.com data, the company’s moving average over the 100-day period was 17.58, with a change in price of +2.64. Similarly, ING Groep N.V. ADR recorded 1,862,919 in trading volume during the last 100 days, posting a change of +16.59%.

Examining ING’s Debt-to-Equity Ratio: What You Need to Know

The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for ING stands at 3.54. Similarly, the long-term debt-to-equity ratio is also 3.54.

ING Stock Stochastic Average

ING Groep N.V. ADR’s raw stochastic average for the past 50 days is presently 96.82%, as of today. This marks a decrease from the raw stochastic average of the last 20 days, which was 98.63%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 89.18% and 86.52%, respectively.

ING Stock Price Performance Analysis

The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. The index has shown a price gain of 23.60% this year. Over the last six months, there has been a weaker performance of 17.43%. The price of ING fallen by 6.09% during the last 30 days period. For the last 5-days stocks have improved 3.14%.

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