Bank Of Nova Scotia (NYSE: BNS) is -5.83% lower on its value in year-to-date trading and has touched a low of $43.67 and a high of $57.07 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BNS stock was last observed hovering at around $51.31 in the last trading session, with the day’s loss setting it -0.72%.
Currently trading at $50.59, the stock is -5.39% and -6.82% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.67 million and changing -1.40% at the moment leaves the stock 1.04% off its SMA200. BNS registered 6.33% gain for a year compared to 6-month gain of 7.50%. The firm has a 50-day simple moving average (SMA 50) of $54.3252 and a 200-day simple moving average (SMA200) of $50.06885.
The stock witnessed a -9.39% loss in the last 1 month and extending the period to 3 months gives it a -2.80%, and is -5.24% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.44% over the week and 1.25% over the month.
Bank Of Nova Scotia (BNS) has around 88488 employees, a market worth around $62.20B and $55.10B in sales. Current P/E ratio is 11.70 and Fwd P/E is 9.04. Profit margin for the company is 9.72%. Distance from 52-week low is 15.83% and -11.35% from its 52-week high. The company has generated returns on investments over the last 12 months (5.89%).
with sales reaching $8.84B over the same period.The EPS is expected to grow by 6.90% this year, but quarterly earnings will post 6.35% year-over-year. Quarterly sales are estimated to grow 4.77% in year-over-year returns.
Bank Of Nova Scotia (BNS) Top Institutional Holders
720.0 institutions hold shares in Bank Of Nova Scotia (BNS), with institutional investors hold 51.43% of the company’s shares. The shares outstanding are 1.24B, and float is at 1.23B with Short Float at 2.18%. Institutions hold 51.41% of the Float.
The top institutional shareholder in the company is ROYAL BANK OF CANADA with over 100.42 million shares valued at $4.59 billion. The investor’s holdings represent 8.2107% of the BNS Shares outstanding. As of 2024-06-30, the second largest holder is BANK OF MONTREAL /CAN/ with 69.43 million shares valued at $3.28 billion to account for 5.6773 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 49.34 million shares representing 4.0343% and valued at over $2.26 billion, while CIBC WORLD MARKET INC. holds 2.4026 of the shares totaling 29.38 million with a market value of $1.34 billion.
Bank Of Nova Scotia (BNS) Insider Activity
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