Riding the Trend or Protecting Profits | The Bank of Nova Scotia (BNS) – News Heater
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Riding the Trend or Protecting Profits | The Bank of Nova Scotia (BNS)

The Bank of Nova Scotia (NYSE:BNS) went down by -0.53% from its latest closing price compared to the recent 1-year high of $74.86. The company’s stock price has collected -4.09% of loss in the last five trading sessions. The Wall Street Journal reported on 05/29/20 that Canada’s Banks Take Earnings Hit from Loss Provisions

Is It Worth Investing in The Bank of Nova Scotia (NYSE :BNS) Right Now?

The Bank of Nova Scotia (NYSE:BNS) scored a price-to-earnings ratio above its average ratio, recording 9.91 x from its present earnings ratio. Plus, the 36-month beta value for BNS is at 0.94. Opinions of the stock are interesting as 4 analysts out of 6 who provided ratings for The Bank of Nova Scotia declared the stock was a “buy,” while 1 rated the stock as “overweight,” 1 rated it as “hold,” and 0 as “sell.”

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The average price from analysts is $89.00, which is $13.91 above the current price. BNS currently public float of 1.20B and currently shorts hold a 0.28% ratio of that float. Today, the average trading volume of BNS was 1.81M shares.

BNS’s Market Performance

BNS stocks went down by -4.09% for the week, with a monthly drop of -9.11% and a quarterly performance of -15.81%, while its annual performance rate touched -5.50%. The volatility ratio for the week stands at 2.11% while the volatility levels for the past 30 days are set at 1.96% for The Bank of Nova Scotia. The simple moving average for the period of the last 20 days is -5.61% for BNS stocks with a simple moving average of -8.43% for the last 200 days.

BNS Trading at -11.14% from the 50-Day Moving Average

After a stumble in the market that brought BNS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -17.63% of loss for the given period.

Volatility was left at 1.96%, however, over the last 30 days, the volatility rate increased by 2.11%, as shares sank -9.11% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -16.45% lower at present.

During the last 5 trading sessions, BNS fell by -4.09%, which changed the moving average for the period of 200-days by -1.20% in comparison to the 20-day moving average, which settled at $65.02. In addition, The Bank of Nova Scotia saw -13.99% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for BNS

Current profitability levels for the company are sitting at:

  • +30.67 for the present operating margin

The net margin for The Bank of Nova Scotia stands at +25.23. Equity return is now at value 15.00, with 0.80 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 0.60.

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