With 3.16B Outstanding Shares, Can ING Groep N.V. ADR (NYSE: ING) Deliver Big Short-Term Gains?

ING Groep N.V. ADR (NYSE:ING) currently has a daily average trading volume of 1.84M but it saw 2533787 shares traded in last market. With a market cap of 49.29B USD, the company’s current market price of $15.94 came rising about 3.17 while comparing to the previous closing price of $15.45. In past 52 weeks, the stock remained buoying in the range of price level as high as $18.72 and as low as $12.77. In the recent trading on the day, stock has struck highest price mark of $15.882 while lowest mark touched by it was $16.03.

Taking a look at 20-day trading activity of ING Groep N.V. ADR (ING) gives us an average price of $15.60, while its current price level is -14.85% below from 52-week high level whereas it is 24.77% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $16.61 while that of 200 days or SMA-200 reads an average of $16.88. A closer look into the stock’s movement over the week reveals that its volatility is standing at 0.95% during that period while stretching the period over a month that increases to 1.13%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 50.62 which implies that the stock is in neutral territory.

Over the week, ING’s stock price is moving 4.39% up while it is -6.18% when we observe its performance for the past one month. Year-to-date it is 6.13% up and over the past year, the stock is showing an upside performance of 12.97%.

The company is expected to be releasing its next quarterly report in January, for which analysts forecasted an EPS of 0 while estimate for next year EPS is 2.16. In next quarter, company is expected to be making quarterly sales of $5.54B as analysts are expecting the sales for current fiscal year at $22.55B and seeing the company making $22.43B in sales next year. Moreover, analysts are in estimates of $5.45B for current-quarter revenue.

Currently, ING Groep N.V. ADR’s total number of outstanding shares is 3.16B. Company’s return on investment (ROI) stands at 2.79% and return on equity (ROE) at 13.16%. It has a 7.33 of forward P/E ratio. Stock’s beta reads 1.51. Stock has a price to book (P/B) ratio of 0.88 while price to sale or P/S ratio amounts to 2.01. Its return on asset (ROA) is 0.65% on average.