The trading price of Bentley Systems Inc (NASDAQ:BSY) closed higher on Tuesday, April 23, closing at $54.42, 2.29% higher than its previous close.
The company’s P/E ratio in the trailing 12-month period was 54.30, while its 5Y monthly beta was 1.10. In examining the 52-week price action we see that the stock hit a 52-week high of $55.37 and a 52-week low of $40.89. Over the past month, the stock has gained 4.94% in value.
Bentley Systems Inc, whose market valuation is $16.18 billion at the time of this writing, is expected to release its quarterly earnings report May 07, 2024. The dividend yield on the company stock is 0.39%, while its Forward Dividend ratio is 0.21. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest BSY has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 100% Buy.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 67.88, which symbolizes a positive outlook. A quick review shows that BSY’s price is currently 7.99% off the SMA20 and 7.62% off the SMA50. The RSI metric on the 14-day chart is currently showing 66.73, and weekly volatility stands at 4.57%. When measured over the past 30 days, the indicator reaches 3.05%. Bentley Systems Inc (NASDAQ:BSY)’s beta value is currently sitting at 1.07, while the Average True Range indicator is currently displaying 1.66.
To see how Bentley Systems Inc stock has been performing in comparison to its peers in the industry, here are the numbers: BSY stock’s performance was 2.29% in the latest trading, and 27.60% in the past year. Bentley Systems Inc has a P/E ratio of 54.30.
An evaluation of the daily trading volume of Bentley Systems Inc (NASDAQ:BSY) indicates that the 3-month average is 1.41 million.
Currently, records show that 284.73 million of the company’s shares remain outstanding. The insiders hold 58.32% of outstanding shares, whereas institutions hold 39.85%. However, since the stock’s price has seen 4.29% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
