Bank Of Nova Scotia (BNS) Outlook Starting To Look Brighter?

Bank Of Nova Scotia (BNS) concluded trading on Thursday at a closing price of $52.44, with 2.56 million shares of worth about $134.45 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 13.43% during that period and on October 24, 2024 the price saw a gain of about 0.04%. Currently the company’s common shares owned by public are about 1.23B shares, out of which, 1.23B shares are available for trading.

Stock saw a price change of -2.00% in past 5 days and over the past one month there was a price change of -2.74%. Year-to-date (YTD), BNS shares are showing a performance of 7.70% which increased to 28.18% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $39.79 but also hit the highest price of $55.12 during that period. The average intraday trading volume for Bank Of Nova Scotia shares is 1.62 million. The stock is currently trading -1.07% below its 20-day simple moving average (SMA20), while that difference is up 1.59% for SMA50 and it goes to 8.35% higher than SMA200.

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Bank Of Nova Scotia (NYSE: BNS) currently have 1.23B outstanding shares and institutions hold larger chunk of about 47.66% of that.

The stock has a current market capitalization of $64.48B and its 3Y-monthly beta is at 1.03. PE ratio of stock for trailing 12 months is 12.53, while it has posted earnings per share of $4.19 in the same period. Its PEG reads 1.76 while making debt-to-equity ratio of 2.84. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BNS, volatility over the week remained 0.97% while standing at 1.08% over the month.

Stock’s fiscal year EPS is expected to drop by -0.73% while it is estimated to increase by 8.26% in next year. EPS is likely to grow at an annualized rate of 7.13% for next 5-years, compared to annual growth of -4.16% made by the stock over the past 5-years.

Stock get a Hold rating from Canaccord Genuity on March 01, 2023.

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