In the past week, BSY stock has gone up by 4.86%, with a monthly gain of 6.96% and a quarterly plunge of -1.46%. The volatility ratio for the week is 1.90%, and the volatility levels for the last 30 days are 2.81% for Bentley Systems Inc The simple moving average for the past 20 days is 6.47% for BSY’s stock, with a 2.23% simple moving average for the past 200 days.
Is It Worth Investing in Bentley Systems Inc (NASDAQ: BSY) Right Now?
Bentley Systems Inc (NASDAQ: BSY) has a higher price-to-earnings ratio of 45.38x compared to its average ratio. BSY has 36-month beta value of 1.03. Analysts have mixed views on the stock, with 6 analysts rating it as a “buy,” 4 as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for BSY is 134.37M, and currently, short sellers hold a 6.08% ratio of that float. The average trading volume of BSY on August 28, 2024 was 1.20M shares.
BSY) stock’s latest price update
The stock price of Bentley Systems Inc (NASDAQ: BSY) has surged by 2.14 when compared to previous closing price of 50.86, but the company has seen a 4.86% gain in its stock price over the last five trading sessions. businesswire.com reported 2024-08-15 that EXTON, Pa.–(BUSINESS WIRE)–Bentley Systems today announced the finalists of the 2024 Going Digital Awards. These awards honor the extraordinary work of Bentley’s global users.
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 5.50% 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 -9.16% of loss for the given period.
Volatility was left at 2.81%, however, over the last 30 days, the volatility rate increased by 1.90%, as shares surge +8.55% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.51% upper at present.
During the last 5 trading sessions, BSY rose by +4.86%, which changed the moving average for the period of 200-days by +1.15% in comparison to the 20-day moving average, which settled at $49.00. In addition, Bentley Systems Inc saw -0.44% 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 Switchpoint Foundation, who proposed sale 10,493 shares at the price of $49.60 back on Aug 13 ’24. After this action, Switchpoint Foundation now owns shares of Bentley Systems Inc, valued at $520,472 using the latest closing price.
Keith A Bentley 2012 Gift Trus, the 10% Owner of Bentley Systems Inc, proposed sale 225,000 shares at $49.30 during a trade that took place back on Aug 14 ’24, which means that Keith A Bentley 2012 Gift Trus is holding shares at $11,092,500 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 46.09, with 11.68 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 0.32. The debt to equity ratio resting at 1.37. The interest coverage ratio of the stock is 13.71.
Currently, EBITDA for the company is 315.98 million with net debt to EBITDA at 3.48. When we switch over and look at the enterprise to sales, we see a ratio of 13.24. The receivables turnover for the company is 4.69for 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 0.49.
Conclusion
To put it simply, Bentley Systems Inc (BSY) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
