Is The Bank of Nova Scotia (BNS) A Risky Investment?

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MDVL Stock
MDVL Stock

The Bank of Nova Scotia (NYSE:BNS) finished Wednesday with a subtraction of -$0.98 to close at $52.22, a downside of -1.84 percent. An average of 1,553,380 shares of common stock have been traded in the last five days. There was a fall of -$2.30 in the past week, and it reached a new high 31 times over the past 12 months. The last 20 days have seen an average of 1,635,600 shares traded, while the 50-day average volume stands at 1,262,096.

BNS stock has decreased by -15.56% in the last month. The company shares reached their 1-month lowest point of $52.21 on 09/21/22. With the stock rallying to its 52-week high on 02/09/22, shares of the company touched a low of $52.72 and a high of $74.86 in 52 weeks. It has reached a new high 9 times so far this year and lost -27.16% or -$19.47 in price. In spite of this, the price is down -30.24% from the 52-week high.


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Valuation Metrics

The Bank of Nova Scotia (BNS) has a trailing price-to-earnings (P/E) ratio of 8.27. The stock’s beta is 0.95. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.94, the price-to-book (PB) ratio at 1.27, and the price-to-cash flow ratio at 4.25.

The company has a payout ratio of 45.70%. The company’s most recent quarterly dividend payment was $0.7897 a share, representing a down of -1.41% from $0.8010 last year. Its latest decrease dividend $0.0113 reported on Wednesday August 24 2022.

Financial Health

Further, the company has a long term debt to equity ratio of 0.13 and a total debt to equity ratio of 0.13 for the quarter ending July 30. Its gross profit as reported stood at $13.49 billion compared to revenue of $19.87 billion.

Earnings Surprise

The analyst consensus anticipated The Bank of Nova Scotia’s latest quarter earnings to come in at $1.59 per share, but it turned out to be $1.59, a 0.00% surprise. At the end of the quarter ending July 30, The Bank of Nova Scotia’s stock balance sheet showed total debt was $216.31 billion.

Technical Picture

From a technical analysis perspective, let’s take a brief look at The Bank of Nova Scotia (BNS) price momentum. RSI 9-day as of the close on 21 September was 25.76%, suggesting the stock is oversold, with historical volatility in this time frame at 22.60%.

As of today, BNS’s price is $53.40 -4.22% or -$2.30 from its 5-day moving average. BNS is currently trading -11.63% lower than its 20-day SMA and -18.67% lower than its 100-day SMA. However, the stock’s current price level is -9.29% below the SMA50 and -20.12% below the SMA200.

The stochastic %K and %D were 11.77% and 15.13%, respectively, and the average true range (ATR) was 1.21. With the 14-day stochastic at 0.20% and the average true range at 1.21, the RSI (14) stands at 29.40%. The stock has reached -1.21 on the 9-day MACD Oscillator while the 14-day reading was at -1.22.

Analyst Ratings

RBC Capital Mkts downgraded The Bank of Nova Scotia (NYSE: BNS) to a a Sector perform rating in its most recent analyst report. Previously, the stock was rated as an Outperform.

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