Investors Are Waking Up To Bank Of Nova Scotia (NYSE: BNS) After Rising 9.39% Over The Past 12 Months

Bank Of Nova Scotia (NYSE:BNS) currently has a daily average trading volume of 1.65M but it saw 1368340 shares traded in last market. With a market cap of 63.61B USD, the company’s current market price of $51.73 came falling about -0.06 while comparing to the previous closing price of $51.76. 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 $51.34 while lowest mark touched by it was $51.88.

Taking a look at 20-day trading activity of Bank Of Nova Scotia (BNS) gives us an average price of $49.35, while its current price level is -0.48% below from 52-week high level whereas it is 29.99% 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 $47.40 while that of 200 days or SMA-200 reads an average of $47.36. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.49% during that period while stretching the period over a month that decreases to 1.45%. 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 73.14 which implies that the stock is in overbought territory.

Over the week, BNS’s stock price is moving 2.17% up while it is 13.67% when we observe its performance for the past one month. Year-to-date it is 6.24% up and over the past year, the stock is showing an upside performance of 9.39%.

The company is expected to be releasing its next quarterly report in October, for which analysts forecasted an EPS of 1.18 while estimate for next year EPS is 4.79. In next quarter, company is expected to be making quarterly sales of $6.45B as analysts are expecting the sales for current fiscal year at $24.98B and seeing the company making $26.33B in sales next year. Moreover, analysts are in estimates of $6.35B for current-quarter revenue.

Currently, Bank Of Nova Scotia’s total number of outstanding shares is 1.23B. Company’s return on investment (ROI) stands at 5.76% and return on equity (ROE) at 9.41%. It has a price to earnings ratio (P/E ratio) of 12.36 while having a 9.97 of forward P/E ratio. Stock’s beta reads 1.02. Stock has a price to book (P/B) ratio of 1.22 while price to sale or P/S ratio amounts to 1.16. Its return on asset (ROA) is 0.53% on average.