Bentley Systems Inc (NASDAQ: BSY) has experienced a rise in its stock price by 1.41 compared to its previous closing price of 52.46. However, the company has seen a gain of 11.88% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-12 that RELX’s LexisNexis Risk Solutions adds a feature to its Claims Datafill platform, which is set to inform insurance companies about the availability of police reports or violation data in advance.
Is It Worth Investing in Bentley Systems Inc (NASDAQ: BSY) Right Now?
The price-to-earnings ratio for Bentley Systems Inc (NASDAQ: BSY) is above average at 53.08x, Company’s 36-month beta value is 1.07.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for BSY is 123.92M, and currently, short sellers hold a 7.13% ratio of that floaft. The average trading volume of BSY on April 23, 2024 was 1.36M shares.
BSY’s Market Performance
BSY’s stock has seen a 11.88% increase for the week, with a 2.96% rise in the past month and a 4.48% gain in the past quarter. The volatility ratio for the week is 5.13%, and the volatility levels for the past 30 days are at 2.99% for Bentley Systems Inc The simple moving average for the past 20 days is 5.71% for BSY’s stock, with a 5.16% simple moving average for the past 200 days.
Analysts’ Opinion of BSY
Rosenblatt, on the other hand, stated in their research note that they expect to see BSY reach a price target of $60, previously predicting the price at $54. The rating they have provided for BSY stocks is “Buy” according to the report published on February 26th, 2024.
BSY Trading at 5.24% from the 50-Day Moving Average
After a stumble in the market that brought BSY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -3.92% of loss for the given period.
Volatility was left at 2.99%, however, over the last 30 days, the volatility rate increased by 5.13%, as shares surge +2.58% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.66% upper at present.
During the last 5 trading sessions, BSY rose by +11.88%, which changed the moving average for the period of 200-days by +3.52% in comparison to the 20-day moving average, which settled at $50.39. In addition, Bentley Systems Inc saw 1.95% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BSY starting from Bentley Keith A., who sale 88,925 shares at the price of $49.48 back on Mar 07 ’24. After this action, Bentley Keith A. now owns 17,164,179 shares of Bentley Systems Inc, valued at $4,400,439 using the latest closing price.
Bentley Keith A., the Director of Bentley Systems Inc, sale 200,437 shares at $49.84 during a trade that took place back on Mar 06 ’24, which means that Bentley Keith A. is holding 17,253,104 shares at $9,989,829 based on the most recent closing price.
Stock Fundamentals for BSY
Current profitability levels for the company are sitting at:
- 0.19 for the present operating margin
- 0.78 for the gross margin
The net margin for Bentley Systems Inc stands at 0.27. The total capital return value is set at 0.09. Equity return is now at value 44.88, with 10.08 for asset returns.
Based on Bentley Systems Inc (BSY), the company’s capital structure generated 0.64 points at debt to capital in total, while cash flow to debt ratio is standing at 0.27. The debt to equity ratio resting at 1.74. The interest coverage ratio of the stock is 6.02.
Currently, EBITDA for the company is 315.98 million with net debt to EBITDA at 4.52. When we switch over and look at the enterprise to sales, we see a ratio of 14.1. The receivables turnover for the company is 4.18for trailing twelve months and the total asset turnover is 0.37. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.55.
Conclusion
In a nutshell, Bentley Systems Inc (BSY) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
