A new trading day began on Monday, with Bank Of Nova Scotia (NYSE: BNS) stock price up 2.20% from the previous day of trading, before settling in for the closing price of $51.90. BNS’s price has ranged from $41.46 to $55.12 over the past 52 weeks.
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A company in the Financial sector has jumped its sales by 13.06% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged -1.07%. With a float of $1.23 billion, this company’s outstanding shares have now reached $1.23 billion.
In an organization with 89483 employees, it is important to assess its efficiency. 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 and Institutional Ownership
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 47.69%.
Bank Of Nova Scotia (BNS) Latest Financial update
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 1.21 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -1.07% 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 1.67. Likewise, its price to free cash flow for the trailing twelve months is 16.93.
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)
Let’s dig in a bit further. During the last 5-days, its volume was 1.75 million. That was inferior than the volume of 1.82 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 36.78%. Additionally, its Average True Range was 0.75.
During the past 100 days, Bank Of Nova Scotia’s (BNS) raw stochastic average was set at 81.83%, which indicates a significant increase from 65.35% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 15.92% in the past 14 days, which was lower than the 17.26% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $52.27, while its 200-day Moving Average is $48.60. However, in the short run, Bank Of Nova Scotia’s stock first resistance to watch stands at $53.89. Second resistance stands at $54.73. The third major resistance level sits at $55.63. If the price goes on to break the first support level at $52.15, it is likely to go to the next support level at $51.25. The third support level lies at $50.41 if the price breaches the second support level.
Bank Of Nova Scotia (NYSE: BNS) Key Stats
With a market capitalization of 91.75 billion, the company has a total of 1,237,563K 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.
