The Bank of Nova Scotia, or BNS, is a financial services company with a market capitalization of 65.51 bln USD as of 3 February 2023. This value is based off the present share price of 54.99 USD and 1191.38 mln outstanding shares. Looking at its previous close at 55.44 USD on 2 February 2023, there had been a slight decline in the share price by 0.45 USD (-0.81%), but the stock has been trading within a day range between 54.75-55.25 USD during this period and remains quite volatile over the short term with an average volume traded of 1.51 mln shares per day over the past three months (1505093).
Looking at its longer-term performance, BNS’s stock reached its year high of 74.82 USD on 28 January 2021 and since then has generally trended downwards to reach its current year low of 45.26 USD on 12 April 2021, resulting in a decline of 22% from its peak value over this period (-27%). Its 50-day moving average stands at 51.14 USD (down from 55.34 USD on 1 Feb 2023) while its 200-day moving average currently stands at 55 34 USD (unchanged from 1 Feb 2023).
Overall, despite some recent volatility in BNS’s share price, it appears that the company is still doing well financially as evidenced by its steadily increasing market capitalization over the past few days and recent earnings announcement for 4Q2022 with earnings per share (EPS) of 5 96 and PE ratio 9 23x indicating that investors are willing to pay more for each dollar earned by BNS compared to other companies in their sector which indicate future positive outlook for The Bank of Nova Scotia’s financial performance going forward into 2023 and beyond..
