Bank Of Nova Scotia (NYSE:BNS) traded with a subtraction of -$0.46 to close at $45.49on Friday, a downside of -1.00 percent. An average of 1,640,125 shares of common stock have been traded in the last five days. There was a fall of -$1.42 in the past week, and it reached a new high 17 times over the past 12 months. The last 20 days have seen an average of 1,452,926 shares traded, while the 50-day average volume stands at 1,357,380.
BNS stock has decreased by -4.49% in the last month. The company shares reached their 1-month lowest point of $45.46 on 09/27/23. With the stock rallying to its 52-week high on 02/14/23, shares of the company touched a low of $45.25 and a high of $55.91 in 52 weeks. It has reached a new high 18 times so far this year and lost -7.13% or -$3.43 in price. In spite of this, the price is down -18.64% from the 52-week high.
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Valuation Metrics
Bank Of Nova Scotia (BNS) has a trailing price-to-earnings (P/E) ratio of 9.62, which compares with the N/A for the broader industry. The stock’s beta is 0.99. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.12, the price-to-book (PB) ratio at 1.06, and the price-to-cash flow ratio at 6.18.
The company has a payout ratio of 50.41%. The company’s most recent quarterly dividend payment was $0.7801 a share, representing a down of -0.64% from $0.7851 last year.
Financial Health
Further, the company has a long term debt to equity ratio of 0.70 and a total debt to equity ratio of 2.81 for the quarter ending July 30. Its gross profit as reported stood at $14.07 billion compared to revenue of $26.07 billion.
Earnings Surprise
The analyst consensus anticipated Bank Of Nova Scotia’s latest quarter earnings to come in at $1.28 per share, but it turned out to be $1.28, a 0.00% surprise. At the end of the quarter ending July 30, Bank Of Nova Scotia’s stock balance sheet showed total debt was $236.74 billion.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Bank Of Nova Scotia (BNS) price momentum. RSI 9-day as of the close on 28 September was 30.87%, suggesting the stock is Neutral, with historical volatility in this time frame at 9.91%.
As of today, BNS’s price is $45.88 -3.02% or -$1.42 from its 5-day moving average. BNS is currently trading -3.98% lower than its 20-day SMA and -9.48% lower than its 100-day SMA. However, the stock’s current price level is -10.70% below the SMA50 and -9.03% below the SMA200.
The stochastic %K and %D were 6.83% and 5.39%, respectively, and the average true range (ATR) was 0.68. With the 14-day stochastic at 2.75% and the average true range at 0.69, the RSI (14) stands at 36.00%. The stock has reached -0.93 on the 9-day MACD Oscillator while the 14-day reading was at -1.44.
Analyst Ratings
Barclays downgraded Bank Of Nova Scotia (NYSE: BNS) to a an Underweight rating in its most recent analyst report. Previously, the stock was rated as an Equal weight.
