Ideas And Forecasts On Bank Of Nova Scotia (NYSE: BNS)

Bank Of Nova Scotia (NYSE:BNS) currently has a daily average trading volume of 1.76M but it saw 1218620 shares traded in last market. With a market cap of 60.21B USD, the company’s current market price of $48.34 came falling about -0.82 while comparing to the previous closing price of $48.74. In past 52 weeks, the stock remained buoying in the range of price level as high as $57.07 and as low as $43.67. In the recent trading on the day, stock has struck highest price mark of $48.015 while lowest mark touched by it was $48.62.

Taking a look at 20-day trading activity of Bank Of Nova Scotia (BNS) gives us an average price of $48.31, while its current price level is -15.30% below from 52-week high level whereas it is 10.68% 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 $49.96 while that of 200 days or SMA-200 reads an average of $50.60. A closer look into the stock’s movement over the week reveals that its volatility is standing at 0.96% during that period while stretching the period over a month that increases to 1.42%. 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 43.35 which implies that the stock is in neutral territory.

Over the week, BNS’s stock price is moving 0.50% up while it is -4.03% when we observe its performance for the past one month. Year-to-date it is -10.01% down and over the past year, the stock is showing a downside performance of -4.01%.

The company is expected to be releasing its next quarterly report on 2025-Feb-24, for which analysts forecasted an EPS of 1.6 while estimate for next year EPS is 6.99. In next quarter, company is expected to be making quarterly sales of $9.26B as analysts are expecting the sales for current fiscal year at $36.97B and seeing the company making $38.88B in sales next year. Moreover, analysts are in estimates of $8.98B for current-quarter revenue.

Currently, Bank Of Nova Scotia’s total number of outstanding shares is 1.25B with 0.02% of that held by the insiders while 49.35% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 5.30% and return on equity (ROE) at 8.34%. It has a price to earnings ratio (P/E ratio) of 13.62 while having a 8.72 of forward P/E ratio. Stock’s beta reads 1.00. Stock has a price to book (P/B) ratio of 1.17 while price to sale or P/S ratio amounts to 1.11. Its return on asset (ROA) is 0.48% on average.