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Magic Software Enterprises Ltd (MGIC)
NASDAQ:MGIC
Magic (MGIC) Stock Price & Analysis
241 Followers
MGIC Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$8.15 - $14.42
Previous Close$11.33
Volume35.47K
Average Volume (3M)63.73K
Market Cap
$556.22M
Enterprise Value$624.99M
Total Cash (Recent Filing)$3.90M
Total Debt (Recent Filing)$59.28M
Price to Earnings (P/E)15.0
Beta0.60
Next Earnings
May 16, 2024EPS Estimate
$0.21Last Dividend Ex-Date
Aug 29, 2023Dividend Yield5.53%
Share Statistics
EPS (TTM)0.75
Shares Outstanding49,090,000
10 Day Avg. Volume74,337
30 Day Avg. Volume63,733
Standard Deviation0.10
R-Squared0.41
Alpha-0.00169
Financial Highlights & Ratios
Price to Book (P/B)5.40
Price to Sales (P/S)0.98
Price to Cash Flow (P/CF)N/A
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue1.49
Enterprise Value/Gross Profit1.10
Enterprise Value/Ebitda10.82
Forecast
1Y Price Target
$14.00Price Target Upside21.11% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
Magic News
PremiumCompany Announcements
Magic Software Announces Upcoming Shareholder Meeting
Ownership Overview
0.00%
Insiders
0.50% Mutual Funds
16.28% Other Institutional Investors
83.21% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
MGIC FAQ
What was Magic Software Enterprises Ltd’s price range in the past 12 months?
Magic Software Enterprises Ltd lowest stock price was $8.15 and its highest was $14.42 in the past 12 months.
What is Magic Software Enterprises Ltd’s market cap?
Currently, no data Available
When is Magic Software Enterprises Ltd’s upcoming earnings report date?
Magic Software Enterprises Ltd’s upcoming earnings report date is May 16, 2024 which is in 28 days.
How were Magic Software Enterprises Ltd’s earnings last quarter?
Magic Software Enterprises Ltd released its earnings results on Mar 13, 2024. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.191 by $0.049.
Is Magic Software Enterprises Ltd overvalued?
According to Wall Street analysts Magic Software Enterprises Ltd’s price is currently Undervalued.
Does Magic Software Enterprises Ltd pay dividends?
Magic Software Enterprises Ltd pays a Semiannually dividend of $0.33 which represents an annual dividend yield of 5.53%. See more information on Magic Software Enterprises Ltd dividends here
What is Magic Software Enterprises Ltd’s EPS estimate?
Magic Software Enterprises Ltd’s EPS estimate is $0.21.
How many shares outstanding does Magic Software Enterprises Ltd have?
Magic Software Enterprises Ltd has 49,093,056 shares outstanding.
What happened to Magic Software Enterprises Ltd’s price movement after its last earnings report?
Magic Software Enterprises Ltd reported an EPS of $0.24 in its last earnings report, beating expectations of $0.191. Following the earnings report the stock price went up 7.858%.
Which hedge fund is a major shareholder of Magic Software Enterprises Ltd?
Among the largest hedge funds holding Magic Software Enterprises Ltd’s share is ARK Investment Management LLC. It holds Magic Software Enterprises Ltd’s shares valued at N/A.
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Magic Stock Smart Score
Underperform
1
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5
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8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$14.00 (21.11% Upside)
$14.00 (21.11% Upside)
Blogger Sentiment
Bullish
MGIC Sentiment 75%
Sector Average 70%
Sector Average 70%
Hedge Fund Trend
Decreased
By 136.8K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.9%
Last 30 Days ▼ 4.9%
Last 30 Days ▼ 4.9%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-13.23%
12-Months-Change
Fundamentals
Return on Equity
14.02%
Trailing 12-Months
Asset Growth
3.82%
Trailing 12-Months
Company Description
Magic Software Enterprises Ltd
Magic Software Enterprises Ltd. engages in the provision of proprietary application development and business process integration platforms, vertical software solutions, and vendor of information technology (IT) outsourcing software services. It operates through Software Services and IT Professional Services segments. The Software Services segment includes proprietary and non-proprietary software technology and complementary services. The IT Professional Services segment offers services in the areas of infrastructure design and delivery; application development; technology planning and implementation services; communications services and solutions; and supplemental staffing services. The company was founded by David Assia in February 1983 and is headquartered in Or Yehuda, Israel.
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MGIC Earnings Call
Q4 2024
0:00 / 0:00
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MGIC Stock 12 Months Forecast
Average Price Target
$14.00
▲(21.11% Upside)
Technical Analysis
Best Analysts Covering MGIC
1 Year
1 Year Success Rate
12/19 ratings generated profit
1 Year Average Return
+16.38%
assigned a buy rating last month
Copying Tavy Rosner's trades and holding each position for 1 Year would result in 63.16% of your transactions generating a profit, with an average return of +16.38% per trade.
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