The Bank of Nova Scotia (BNS) kicked off at the price of $51.90: Venture capitalists have an exciting new opportunity

A new trading day began on January 24, 2023, with The Bank of Nova Scotia (NYSE: BNS) stock priced at $52.00, down -0.27% from the previous day of trading. During the day, the shares moved up to $52.16 and dropped to $51.55 before settling in for the closing price of $52.04. BNS’s price has ranged from $45.26 to $74.86 over the past 52 weeks.


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During the last 5-year period, the sales growth of Financial Sector giant was 7.00%. Meanwhile, its annual earnings per share averaged 4.20%. With a float of $1.19 billion, this company’s outstanding shares have now reached $1.19 billion.

Let’s determine the extent of company efficiency that accounts for 90979 employees.

The Bank of Nova Scotia (BNS) Breakdown of a Key Holders of the stock

As we move forward, let’s examine how large-scale investors are investing in this stock of the Banks – Diversified Industry. The insider ownership of The Bank of Nova Scotia is 0.03%, while institutional ownership is 65.50%.

The Bank of Nova Scotia (BNS) Recent Fiscal highlights

In its latest quarterly report, released on 7/30/2022, the company reported earnings of $1.55 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a net margin of +21.69 while generating a return on equity of 13.77. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.56 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 4.20% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 3.40% during the next five years compared to 4.30% growth over the previous five years of trading.

The Bank of Nova Scotia (NYSE: BNS) Trading Performance Indicators

Here are The Bank of Nova Scotia’s current performance indicators. According to the last quarter’s results, the stock had a price to sales ratio for the trailing twelve months stands at 2.46. Likewise, its price to free cash flow for the trailing twelve months is 7.33.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 5.96, a number that is poised to hit 2.08 in the next quarter and is forecasted to reach 8.60 in one year’s time.

Technical Analysis of The Bank of Nova Scotia (BNS)

Looking closely at The Bank of Nova Scotia (NYSE: BNS), its last 5-days average volume was 1.05 million, which is a drop from its year-to-date volume of 1.36 million. As of the previous 9 days, the stock’s Stochastic %D was 71.63%. Additionally, its Average True Range was 0.91.

During the past 100 days, The Bank of Nova Scotia’s (BNS) raw stochastic average was set at 55.38%, which indicates a significant decrease from 84.45% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 17.38% in the past 14 days, which was lower than the 25.86% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $50.48, while its 200-day Moving Average is $56.32. However, in the short run, The Bank of Nova Scotia’s stock first resistance to watch stands at $52.19. Second resistance stands at $52.48. The third major resistance level sits at $52.80. If the price goes on to break the first support level at $51.58, it is likely to go to the next support level at $51.26. Now, if the price goes above the second support level, the third support stands at $50.97.

The Bank of Nova Scotia (NYSE: BNS) Key Stats

With a market capitalization of 61.31 billion, the company has a total of 1,191,627K Shares Outstanding. Currently, annual sales are 36,400 M while annual income is 7,703 M. The company’s previous quarter sales were 10,703 M while its latest quarter income was 1,528 M.

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