Bentley Systems Inc (NASDAQ:BSY) shares, rose in value on Friday, November 01, with the stock price up by 0.31% to the previous day’s close as strong demand from buyers drove the stock to $48.41.
Actively observing the price movement in the last trading, the stock closed the session at $48.26, falling within a range of $48.21 and $49.18. The value of beta (5-year monthly) was 1.033 whereas the PE ratio was 42.28 over 12-month period. Referring to stock’s 52-week performance, its high was $57.19, and the low was $43.82. On the whole, BSY has fluctuated by -1.86% over the past month.
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With the market capitalization of Bentley Systems Inc currently standing at about $14.63 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-07. The company’s Forward Dividend Ratio is 0.23, with its dividend yield at 0.48%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.36B, with a low estimate of 337.7M and a high estimate of 344.4M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 340.74M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that BSY’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 3.18, with the price of BSY currently trading nearly -1.96% and -2.43% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 42.65, while the 7-day volatility ratio is showing 1.89% which for the 30-day chart, stands at 2.02%. Furthermore, Bentley Systems Inc (BSY)’s beta value is 1.04, and its average true range (ATR) is 1.01.
A comparison of Bentley Systems Inc (BSY) with its peers suggests the former has fared considerably weaker in the market. BSY showed an intraday change of 0.31% in last session, and over the past year, it grew by 0.81%%.
Data on historical trading for Bentley Systems Inc (NASDAQ:BSY) indicates that the trading volumes over the past 10 days have averaged 0.64 and over the past 3 months, they’ve averaged 991.55K. According to company’s latest data on outstanding shares, there are 284.73 million shares outstanding.
Nearly 54.83% of Bentley Systems Inc’s shares belong to company insiders and institutional investors own 42.19% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 6.53 million shares as on 2024-10-15, resulting in a short ratio of 6.16. According to the data, the short interest in Bentley Systems Inc (BSY) stood at 513.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 7.98 million. The stock has fallen by -7.22% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BSY stock heading into the next quarter.
