The stock of Bank Of Nova Scotia (BNS) has gone down by -0.42% for the week, with a -5.40% drop in the past month and a -7.29% drop in the past quarter. The volatility ratio for the week is 1.82%, and the volatility levels for the past 30 days are 1.45% for BNS. The simple moving average for the past 20 days is -3.74% for BNS’s stock, with a -4.56% simple moving average for the past 200 days.
Is It Worth Investing in Bank Of Nova Scotia (NYSE: BNS) Right Now?
Bank Of Nova Scotia (NYSE: BNS) has a higher price-to-earnings ratio of 10.02x compared to its average ratio, The 36-month beta value for BNS is at 1.02. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 1 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for BNS is 1.23B, and currently, shorts hold a 2.49% of that float. The average trading volume for BNS on August 12, 2024 was 1.67M shares.
BNS) stock’s latest price update
Bank Of Nova Scotia (NYSE: BNS)’s stock price has gone decline by -3.99 in comparison to its previous close of 46.37, however, the company has experienced a -0.42% decrease in its stock price over the last five trading days. pymnts.com reported 2024-08-12 that Canadian bank Scotiabank plans to acquire a 14.9% stake in Cleveland-based KeyCorp, which operates about 1,000 KeyBank branches in 15 U.S. states and provides corporate and investment banking products. Pending regulatory approval, Scotiabank expects to close the initial investment of 4.
BNS Trading at -3.79% 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 -14.35% of loss for the given period.
Volatility was left at 1.45%, however, over the last 30 days, the volatility rate increased by 1.82%, as shares sank -5.60% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.01% lower at present.
During the last 5 trading sessions, BNS fell by -0.45%, which changed the moving average for the period of 200-days by +8.80% in comparison to the 20-day moving average, which settled at $46.12. In addition, Bank Of Nova Scotia saw -8.56% 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:
- 0.08 for the present operating margin
- 1.0 for the gross margin
The net margin for Bank Of Nova Scotia stands at 0.15. The total capital return value is set at 0.01. Equity return is now at value 10.06, with 0.57 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 0.15. The debt to equity ratio resting at 2.85. The interest coverage ratio of the stock is 0.14.
Currently, EBITDA for the company is 11.46 billion with net debt to EBITDA at 27.63. When we switch over and look at the enterprise to sales, we see a ratio of 4.55. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.63.
Conclusion
In conclusion, Bank Of Nova Scotia (BNS) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
