In the past week, BNS stock has gone up by 0.88%, with a monthly gain of 0.36% and a quarterly surge of 11.43%. The volatility ratio for the week is 1.10%, and the volatility levels for the last 30 days are 1.11% for Bank Of Nova Scotia The simple moving average for the last 20 days is -0.84% for BNS stock, with a simple moving average of 9.58% for the last 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 12.62x compared to its average ratio, The 36-month beta value for BNS is at 1.03. 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 2.85% of that float. The average trading volume for BNS on October 16, 2024 was 1.66M shares.
BNS) stock’s latest price update
Bank Of Nova Scotia (NYSE: BNS)’s stock price has increased by 0.84 compared to its previous closing price of 52.39. However, the company has seen a 0.88% increase in its stock price over the last five trading sessions. 247wallst.com reported 2024-10-11 that The current S&P 500 dividend yield is 1.24%.
BNS Trading at 4.44% 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 -4.15% of loss for the given period.
Volatility was left at 1.11%, however, over the last 30 days, the volatility rate increased by 1.10%, as shares surge +0.51% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.16% upper at present.
During the last 5 trading sessions, BNS rose by +0.88%, which changed the moving average for the period of 200-days by +8.79% in comparison to the 20-day moving average, which settled at $53.28. In addition, Bank Of Nova Scotia saw 8.50% 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 6.17. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.60.
Conclusion
In conclusion, Bank Of Nova Scotia (BNS) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
