The stock of Bank Of Nova Scotia (NYSE: BNS) has increased by 0.90 when compared to last closing price of 49.96. Despite this, the company has experienced a 0.10% gain in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-01 that Scotiabank has diversified business lines, strong performance in Latin America, and potential for growth in its wealth management segment. It’s seen recent price momentum as well as business momentum, with growth in its deposit base, banking, and wealth management businesses. Yet, BNS remains undervalued with a dividend yield on the high end of its 10-year range, giving value and income investors an opportunity to add to this quality name.
Is It Worth Investing in Bank Of Nova Scotia (NYSE: BNS) Right Now?
Bank Of Nova Scotia (NYSE: BNS) has a price-to-earnings ratio that is above its average at 11.12x. The stock has a 36-month beta value of 1.02. Opinions on the stock are mixed, with 2 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for BNS is 1.22B, and at present, short sellers hold a 2.09% of that float. On April 09, 2024, the average trading volume of BNS was 2.07M shares.
BNS’s Market Performance
BNS stock saw an increase of 0.10% in the past week, with a monthly gain of 0.52% and a quarterly increase of 6.22%. The volatility ratio for the week is 1.30%, and the volatility levels for the last 30 days are 1.25% for Bank Of Nova Scotia (BNS). The simple moving average for the past 20 days is 0.42% for BNS’s stock, with a 7.73% simple moving average for the past 200 days.
BNS Trading at 3.83% 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 -3.02% of loss for the given period.
Volatility was left at 1.25%, however, over the last 30 days, the volatility rate increased by 1.30%, as shares surge +0.56% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.78% upper at present.
During the last 5 trading sessions, BNS rose by +0.10%, which changed the moving average for the period of 200-days by +2.86% in comparison to the 20-day moving average, which settled at $50.21. In addition, Bank Of Nova Scotia saw 3.53% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for BNS
Current profitability levels for the company are sitting at:
- 0.38 for the present operating margin
- 1.0 for the gross margin
The net margin for Bank Of Nova Scotia stands at 0.18. The total capital return value is set at 0.02. Equity return is now at value 10.16, with 0.56 for asset returns.
Based on Bank Of Nova Scotia (BNS), the company’s capital structure generated 0.74 points at debt to capital in total, while cash flow to debt ratio is standing at 0.1. The debt to equity ratio resting at 2.8. The interest coverage ratio of the stock is 0.54.
Currently, EBITDA for the company is 11.46 billion with net debt to EBITDA at 8.47. When we switch over and look at the enterprise to sales, we see a ratio of 5.55. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.66.
Conclusion
To sum up, Bank Of Nova Scotia (BNS) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
