Bank Of Nova Scotia (NYSE: BNS)’s stock price has plunge by -0.25relation to previous closing price of 52.56. Nevertheless, the company has seen a 1.29% surge in its stock price over the last five trading sessions. fool.com reported 2024-09-12 that New York Community Bancorp grew too fast too quickly and ended up fumbling the ball. Bank of Nova Scotia took a unique approach to growth, and it didn’t work out as well as hoped.
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 12.53x compared to its average ratio. BNS has 36-month beta value of 1.02. Analysts have mixed views on the stock, with 2 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for BNS is 1.23B, and currently, short sellers hold a 2.01% ratio of that float. The average trading volume of BNS on September 19, 2024 was 1.63M shares.
BNS’s Market Performance
The stock of Bank Of Nova Scotia (BNS) has seen a 1.29% increase in the past week, with a 10.15% rise in the past month, and a 13.36% gain in the past quarter. The volatility ratio for the week is 1.06%, and the volatility levels for the past 30 days are at 1.42% for BNS. The simple moving average for the last 20 days is 4.54% for BNS stock, with a simple moving average of 10.40% for the last 200 days.
BNS Trading at 9.62% 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 -1.08% of loss for the given period.
Volatility was left at 1.42%, however, over the last 30 days, the volatility rate increased by 1.06%, as shares surge +10.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.70% upper at present.
During the last 5 trading sessions, BNS rose by +1.29%, which changed the moving average for the period of 200-days by +17.11% in comparison to the 20-day moving average, which settled at $50.40. In addition, Bank Of Nova Scotia saw 7.68% 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:
- 0.07 for the present operating margin
- 1.0 for the gross margin
The net margin for Bank Of Nova Scotia stands at 0.14. The total capital return value is set at 0.0. Equity return is now at value 9.41, with 0.53 for asset returns.
Based on Bank Of Nova Scotia (BNS), the company’s capital structure generated 0.79 points at debt to capital in total, while cash flow to debt ratio is standing at 0.06. The debt to equity ratio resting at 3.68. The interest coverage ratio of the stock is 0.12.
Currently, EBITDA for the company is 11.46 billion with net debt to EBITDA at 42.3. When we switch over and look at the enterprise to sales, we see a ratio of 6.14. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.60.
Conclusion
To put it simply, Bank Of Nova Scotia (BNS) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
