Look Past The Setbacks And Give Bank Of Nova Scotia (NYSE: BNS) Another Chance

Bank Of Nova Scotia (NYSE:BNS) currently has a daily average trading volume of 1.66M but it saw 1117634 shares traded in last market. With a market cap of 57.38B USD, the company’s current market price of $46.67 came rising about 0.67 while comparing to the previous closing price of $46.36. In past 52 weeks, the stock remained buoying in the range of price level as high as $51.98 and as low as $39.79.

Taking a look at 20-day trading activity of Bank Of Nova Scotia (BNS) gives us an average price of $46.36, while its current price level is -10.22% below from 52-week high level whereas it is 17.28% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $46.54 while that of 200 days or SMA-200 reads an average of $46.54. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.18% during that period while stretching the period over a month that increases to 1.26%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 53.34 which implies that the stock is in neutral territory.

Over the week, BNS’s stock price is moving 2.03% up while it is 2.66% when we observe its performance for the past one month. Year-to-date it is -4.15% down and over the past year, the stock is showing a downside performance of -7.33%.

Currently, Bank Of Nova Scotia’s total number of outstanding shares is 1.23B. Company’s return on investment (ROI) stands at 6.16% and return on equity (ROE) at 10.06%. It has a price to earnings ratio (P/E ratio) of 10.50 while having a 9.23 of forward P/E ratio. Stock’s beta reads 1.02. Stock has a price to book (P/B) ratio of 1.12 while price to sale or P/S ratio amounts to 1.05. Its return on asset (ROA) is 0.57% on average.