A new trading day began on Tuesday, with Bank Of Nova Scotia (NYSE: BNS) stock price up 0.84% from the previous day of trading, before settling in for the closing price of $52.39. BNS’s price has ranged from $39.79 to $55.12 over the past 52 weeks.
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Financial Sector giant saw their annual sales surged by 12.04% over the last five years. Meanwhile, its annual earnings per share averaged -0.41%. With a float of $1.23 billion, this company’s outstanding shares have now reached $1.23 billion.
The firm has a total of 89483 workers. Let’s measure their productivity. In terms of profitability, gross margin is 100.0%, operating margin of 7.2%, and the pretax margin is 17.01%.
Bank Of Nova Scotia (BNS) Insider Activity
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 Bank Of Nova Scotia is 0.03%, while institutional ownership is 47.64%.
Bank Of Nova Scotia (BNS) Earnings and Forecasts
In its latest quarterly report, released on 7/31/2024, the company reported earnings of 0.93 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). Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.22 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -0.41% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 7.13% during the next five years compared to -4.16% drop over the previous five years of trading.
Bank Of Nova Scotia (NYSE: BNS) Trading Performance Indicators
Here are Bank Of Nova Scotia’s current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.18. Likewise, its price to free cash flow for the trailing twelve months is 11.99.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.19, a number that is poised to hit 1.17 in the next quarter and is forecasted to reach 5.19 in one year’s time.
Technical Analysis of Bank Of Nova Scotia (BNS)
Analysing the last 5-days average volume posted by the [Bank Of Nova Scotia, BNS], we can find that recorded value of 1.11 million was lower than the volume posted last year of 1.84 million. As of the previous 9 days, the stock’s Stochastic %D was 51.79%. Additionally, its Average True Range was 0.70.
During the past 100 days, Bank Of Nova Scotia’s (BNS) raw stochastic average was set at 79.99%, which indicates a significant increase from 39.48% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 15.33% in the past 14 days, which was lower than the 17.68% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $50.58, while its 200-day Moving Average is $48.21. Now, the first resistance to watch is $53.07. This is followed by the second major resistance level at $53.30. The third major resistance level sits at $53.75. If the price goes on to break the first support level at $52.39, it is likely to go to the next support level at $51.94. Should the price break the second support level, the third support level stands at $51.71.
Bank Of Nova Scotia (NYSE: BNS) Key Stats
With a market capitalization of 64.96 billion, the company has a total of 1,229,572K Shares Outstanding. Currently, annual sales are 52,524 M while annual income is 5,494 M. The company’s previous quarter sales were 14,009 M while its latest quarter income was 1,370 M.
