Bentley Systems Inc (NASDAQ:BSY) price closed higher on Tuesday, April 16, jumping 2.84% above its previous close.
A look at the daily price movement shows that the last close reads $47.55. The company’s P/E ratio in the trailing 12-month period read 48.79. Taking into account the 52-week price action we note that the stock hit a 52-week high of $55.37 and 52-week low of $40.89. The stock added 0.23% on its value in the past month.
Bentley Systems Inc, which has a market valuation of $14.54 billion. The company stock has a Forward Dividend ratio of 0.21, while the dividend yield is 0.43%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give BSY a short term outlook of 100% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 60.99. The overview shows that BSY’s price is at present -2.63% off the SMA20 and -3.32% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 44.86, with weekly volatility standing at 3.20%. The indicator jumps to 2.55% when calculated based on the past 30 days. Bentley Systems Inc (NASDAQ:BSY)’s beta value is holding at 1.13, while the average true range (ATR) indicator is currently reading 1.38.
An analysis of the Bentley Systems Inc (NASDAQ:BSY) stock in terms of its daily trading volume indicates that the 3-month average is 1.05 million.
Current records show that the company has 284.73M in outstanding shares. The insiders’ percentage holdings are 58.32% of outstanding shares while the percentage share held by institutions stands at 39.78%. But the -6.29% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
