Bentley Systems Inc (NASDAQ:BSY) does about 1.45M shares in volume on a normal day but saw 873200 shares change hands in Friday trading. The company now has a market cap of 15.83B USD. Its current market price is $53.24, marking an increase of 2.90% compared to the previous close of $51.74. The 52 week high reached by this stock is $55.37 whilst the lowest price level in 52 weeks is $41.59.
Bentley Systems Inc (BSY) has a 20-day trading average at $51.66 and the current price is -3.85% off the 52-week high compared with 28.01% distance from its 52-week low. The 50-day simple moving average of the closing price is $50.81 and its 200-day simple moving average is $50.59. If we look at the stock’s price movements over the week, volatility stands at 2.04%, which increases to 2.88% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 57.45 to suggest the stock is neutral.
The consensus objective for the share price is $59.80, suggesting that the stock has a potential upside of 10.97% over the period.
Rosenblatt upgraded the stock to “Buy” from Neutral on February 26, 2024 at a price target of $54-$60.
Bentley Systems Inc (BSY) stock is down -1.39% over the week and 8.48% over the past month. Its price is 2.03% year-to-date and 25.06% over the past year.
To reach the target analysts have set, the stock logically needs to grow 10.97 percent from here.
The company has a return on investment of 13.43% and return on equity of 44.88%. The price to earnings ratio (P/E ratio) amounts to 53.12 while the forward price to earnings ratio is 46.83. The beta has a value of 1.08. Price to book ratio is 17.86 and price to sales ratio is 12.89.
