Bank Of Nova Scotia (NYSE: BNS) Now -5.91% Off Its High ($51.98), Does Analysts See Headwinds And Risks?

Bank Of Nova Scotia (NYSE:BNS) currently has a daily average trading volume of 1.72M but it saw 1558424 shares traded in last market. With a market cap of 60.14B USD, the company’s current market price of $48.91 came falling about -2.10 while comparing to the previous closing price of $49.96. 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. In the recent trading on the day, stock has struck highest price mark of $48.765 while lowest mark touched by it was $49.83.

Taking a look at 20-day trading activity of Bank Of Nova Scotia (BNS) gives us an average price of $46.77, while its current price level is -5.91% below from 52-week high level whereas it is 22.90% 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 $46.38 while that of 200 days or SMA-200 reads an average of $47.02. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.77% during that period while stretching the period over a month that decreases to 1.74%. 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 62.51 which implies that the stock is in neutral territory.

Over the week, BNS’s stock price is moving 2.71% up while it is 5.50% when we observe its performance for the past one month. Year-to-date it is 0.45% up and over the past year, the stock is showing an upside performance of 5.89%.

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 11.00 while having a 9.44 of forward P/E ratio. Stock’s beta reads 1.03. Stock has a price to book (P/B) ratio of 1.17 while price to sale or P/S ratio amounts to 1.10. Its return on asset (ROA) is 0.57% on average.