The Week Ahead: Are Investors Really Too Optimistic About Bank Of Nova Scotia (NYSE: BNS)

Bank Of Nova Scotia (NYSE:BNS) currently has a daily average trading volume of 2.05M but it saw 1691924 shares traded in last market. With a market cap of 62.06B USD, the company’s current market price of $49.83 came falling about -0.30 while comparing to the previous closing price of $49.98. 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 $49.56 while lowest mark touched by it was $50.055.

Taking a look at 20-day trading activity of Bank Of Nova Scotia (BNS) gives us an average price of $47.53, while its current price level is -12.69% below from 52-week high level whereas it is 14.09% 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 $48.17 while that of 200 days or SMA-200 reads an average of $50.77. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.26% during that period while stretching the period over a month that increases to 2.14%. 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 63.87 which implies that the stock is in neutral territory.

Over the week, BNS’s stock price is moving 2.62% up while it is 6.32% when we observe its performance for the past one month. Year-to-date it is -7.24% down and over the past year, the stock is showing an upside performance of 7.30%.

The company is expected to be releasing its next quarterly report on 2025-Feb-24, for which analysts forecasted an EPS of 1.58 while estimate for next year EPS is 6.88. In next quarter, company is expected to be making quarterly sales of $9.28B as analysts are expecting the sales for current fiscal year at $36.88B and seeing the company making $38.5B 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 49.02% 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 14.04 while having a 9.05 of forward P/E ratio. Stock’s beta reads 1.11. Stock has a price to book (P/B) ratio of 1.21 while price to sale or P/S ratio amounts to 1.14. Its return on asset (ROA) is 0.48% on average.