The stock price of Bentley Systems Inc (NASDAQ: BSY) has jumped by 6.23 compared to previous close of 44.79. Despite this, the company has seen a fall of -0.59% in its stock price over the last five trading days. zacks.com reported 2024-08-06 that Although the revenue and EPS for Bentley Systems (BSY) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Is It Worth Investing in Bentley Systems Inc (NASDAQ: BSY) Right Now?
Bentley Systems Inc (NASDAQ: BSY) has a price-to-earnings ratio of 44.24x that is above its average ratio. Additionally, the 36-month beta value for BSY is 1.04. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for BSY is 132.46M and currently, short sellers hold a 5.72% ratio of that float. The average trading volume of BSY on August 07, 2024 was 1.30M shares.
BSY’s Market Performance
BSY’s stock has seen a -0.59% decrease for the week, with a -3.59% drop in the past month and a -11.13% fall in the past quarter. The volatility ratio for the week is 4.25%, and the volatility levels for the past 30 days are at 2.73% for Bentley Systems Inc. The simple moving average for the past 20 days is -1.78% for BSY’s stock, with a -6.39% 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 -4.26% 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 -16.80% of loss for the given period.
Volatility was left at 2.73%, however, over the last 30 days, the volatility rate increased by 4.25%, as shares sank -0.46% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.68% lower at present.
During the last 5 trading sessions, BSY fell by -0.59%, which changed the moving average for the period of 200-days by -10.36% in comparison to the 20-day moving average, which settled at $48.43. In addition, Bentley Systems Inc saw -8.82% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BSY starting from Campbell Michael M, who sale 3,282 shares at the price of $50.00 back on Jun 04 ’24. After this action, Campbell Michael M now owns 85,976 shares of Bentley Systems Inc, valued at $164,100 using the latest closing price.
Campbell Michael M, the Chief Product Officer of Bentley Systems Inc, sale 4,151 shares at $49.76 during a trade that took place back on Jun 03 ’24, which means that Campbell Michael M is holding 89,258 shares at $206,553 based on the most recent closing price.
Stock Fundamentals for BSY
Current profitability levels for the company are sitting at:
- 0.23 for the present operating margin
- 0.79 for the gross margin
The net margin for Bentley Systems Inc stands at 0.29. The total capital return value is set at 0.12. Equity return is now at value 45.49, with 10.75 for asset returns.
Based on Bentley Systems Inc (BSY), the company’s capital structure generated 0.58 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 1.39. The interest coverage ratio of the stock is 13.66.
Currently, EBITDA for the company is 315.98 million with net debt to EBITDA at 3.63. When we switch over and look at the enterprise to sales, we see a ratio of 12.13. The receivables turnover for the company is 4.54for trailing twelve months and the total asset turnover is 0.39. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.57.
Conclusion
In conclusion, Bentley Systems Inc (BSY) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
