Bank Of Nova Scotia (NYSE: BNS)’s stock price has increased by 0.83 compared to its previous closing price of 45.90. However, the company has seen a -1.11% decrease in its stock price over the last five trading sessions. The Motley Fool reported 2024-04-28 that Rising interest rates have been a headwind to reliable dividend payers in the finance sector, but that’s just the start of the story for some dividend stocks. Scotiabank is updating its business model to close a performance gap with peers.
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 10.21x. The stock has a 36-month beta value of 1.04. 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 2.00% of that float. On May 02, 2024, the average trading volume of BNS was 2.06M shares.
BNS’s Market Performance
The stock of Bank Of Nova Scotia (BNS) has seen a -1.11% decrease in the past week, with a -7.18% drop in the past month, and a -1.01% fall in the past quarter. The volatility ratio for the week is 1.34%, and the volatility levels for the past 30 days are at 1.52% for BNS. The simple moving average for the past 20 days is -3.31% for BNS’s stock, with a -0.85% simple moving average for the past 200 days.
BNS Trading at -5.18% 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 -10.97% of loss for the given period.
Volatility was left at 1.52%, however, over the last 30 days, the volatility rate increased by 1.34%, as shares sank -7.96% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.42% lower at present.
During the last 5 trading sessions, BNS fell by -1.11%, which changed the moving average for the period of 200-days by -6.86% in comparison to the 20-day moving average, which settled at $47.67. In addition, Bank Of Nova Scotia saw -4.95% 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:
- 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 5.41. 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 bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
