On Friday, Bank Of Nova Scotia (NYSE: BNS) opened higher 0.06% from the last session, before settling in for the closing price of $53.51. Price fluctuations for BNS have ranged from $39.79 to $55.12 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Financial sector was 12.04%. Company’s average yearly earnings per share was noted -0.73% at the time writing. With a float of $1.23 billion, this company’s outstanding shares have now reached $1.23 billion.
Considering the fact that the conglomerate employs 89483 people, you should pay attention to its efficiency factor. 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
A key investor’s attitude towards the stock of the Banks – Diversified industry is another important factor to consider. 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
If we go through the results of last quarter, which was made public on 7/31/2024, the company posted 0.93 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at 1.21) by -0.28. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.21 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -0.73% 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
Check out the current performance indicators for Bank Of Nova Scotia (BNS). In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.20. Likewise, its price to free cash flow for the trailing twelve months is 12.15.
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 5.17 in one year’s time.
Technical Analysis of Bank Of Nova Scotia (BNS)
Compared to the last year’s volume of 1.82 million, its volume of 1.03 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 89.67%. Additionally, its Average True Range was 0.67.
During the past 100 days, Bank Of Nova Scotia’s (BNS) raw stochastic average was set at 86.19%, which indicates a significant increase from 65.04% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 15.19% in the past 14 days, which was lower than the 17.74% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $51.06, while its 200-day Moving Average is $48.30. Nevertheless, the first resistance level for the watch stands at $53.68 in the near term. At $53.82, the stock is likely to face the second major resistance level. The third major resistance level sits at $53.99. If the price goes on to break the first support level at $53.36, it is likely to go to the next support level at $53.19. Should the price break the second support level, the third support level stands at $53.05.
Bank Of Nova Scotia (NYSE: BNS) Key Stats
There are currently 1,229,572K shares outstanding in the company with a market cap of 65.83 billion. Presently, the company’s annual sales total 52,524 M according to its annual income of 5,494 M. Last quarter, the company’s sales amounted to 14,009 M and its income totaled 1,370 M.
