Bank Of Nova Scotia had a pretty Dodgy run when it comes to the market performance. Over the past year, the company’s stock reached a high of $51.98 on 03/28/24, while the lowest price during the same period was $39.79 on 10/27/23.
52-week price history of BNS Stock
A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. Bank Of Nova Scotia’s current trading price is -11.06% away from its 52-week high, while its distance from the 52-week low is 16.17%. The stock’s price range during this period has fluctuated between $39.79 and $51.98. Shares of the company, which operates in the Financial sector, recorded a trading volume of around 1.83 million for the day, which was evidently lower than the average daily volume of 2.05 million over the last three months.
Financial Performance and Market Capitalization
Bank Of Nova Scotia (BNS) has experienced a quarterly rise of 0.68% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 56.50B and boasts a workforce of 89483 employees.
Moving average and trading volume data
Based on Barchart.com data, the company’s moving average over the 100-day period was 47.69, with a change in price of +1.46. Similarly, Bank Of Nova Scotia recorded 2,099,802 in trading volume during the last 100 days, posting a change of +3.26%.
BNS Debt-to-equity ratio analysis
The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for BNS stands at 2.80. Similarly, the long-term debt-to-equity ratio is also 0.58.
BNS Stock Stochastic Average
The raw stochastic average for Bank Of Nova Scotia over the last 50 days is presently at 9.35%. This reflects a surge from the raw stochastic average of the previous 20 days, which was noted at 9.35%. Further, the company’s Stochastic %K and %D values for the last 20 days were 12.37% and 13.43%, respectively.
BNS Stock Price Performance Analysis
A mixed performance in the stock price over the year has left investors unsure of what to expect, resulting in a range of outlooks from optimistic to pessimistic. Until today this year the stock’s price performance recorded a decrease of -5.05%. However, over the last six months, the performance has been weaker by 13.00%. The price of BNS decreased -8.27% over the last 30 days. And in the last five days, it has fallen by -0.73%.
