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Magic Software Enterprises Ltd (MGIC)
NASDAQ:MGIC
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MGIC Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$9.38 - $13.40
Previous Close$12.04
Volume70.99K
Average Volume (3M)44.07K
Market Cap
$591.16M
Enterprise Value$618.14M
Total Cash (Recent Filing)$106.69M
Total Debt (Recent Filing)$108.72M
Price to Earnings (P/E)17.0
Beta0.52
Next Earnings
Mar 10, 2025EPS Estimate
$0.25Next Dividend Ex-Date
Dec 23, 2024Dividend Yield4.41%
Share Statistics
EPS (TTM)0.71
Shares Outstanding49,099,305
10 Day Avg. Volume181,906
30 Day Avg. Volume44,066
Standard Deviation0.10
R-Squared0.34
Alpha-0.00296
Financial Highlights & Ratios
Price to Book (P/B)2.22
Price to Sales (P/S)1.10
Price to Cash Flow (P/CF)N/A
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.20
Enterprise Value/Gross Profit4.04
Enterprise Value/Ebitda15.93
Forecast
1Y Price Target
$15.00Price Target Upside24.58% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
Magic News
PremiumCompany Announcements
Magic Software Reports Strong Q3, Revises 2024 Outlook
PremiumCompany Announcements
Magic Software’s Q3 Surge Despite Early Challenges
PremiumCompany Announcements
Magic Software’s Upcoming Financial Results Announcement
PremiumCompany Announcements
Magic Software Reports Decreased Q2 EarningsOwnership Overview
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Insiders
0.49% Mutual Funds
10.35% Other Institutional Investors
82.91% 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 $9.38 and its highest was $13.40 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 Mar 10, 2025 which is in 78 days.
How were Magic Software Enterprises Ltd’s earnings last quarter?
Magic Software Enterprises Ltd released its earnings results on Nov 18, 2024. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.245 by -$0.015.
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 $0.236 which represents an annual dividend yield of 4.41%. 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 $0.25.
How many shares outstanding does Magic Software Enterprises Ltd have?
Magic Software Enterprises Ltd has 49,099,304 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 $0.23 in its last earnings report, missing expectations of $0.245. Following the earnings report the stock price went down -3.59%.
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 2M.
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Magic Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$15.00 (24.58% Upside)
$15.00 (24.58% Upside)
Blogger Sentiment
Neutral
MGIC Sentiment 50%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Decreased
By 4.6K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.9%
Last 30 Days ▼ 3.9%
Last 30 Days ▼ 3.9%
Technicals
SMA
Positive
20 days / 200 days
Momentum
27.11%
12-Months-Change
Fundamentals
Return on Equity
13.13%
Trailing 12-Months
Asset Growth
4.79%
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
Q3 2024
0:00 / 0:00
Earnings Call Sentiment|Neutral
The earnings call reflects a mixed performance with strong growth in Israel and improved operating margins, but challenges in the U.S. market and cash flow. Despite these challenges, the company remains optimistic with positive guidance.Read More>---
MGIC Stock 12 Month Forecast
Average Price Target
$15.00
▲(24.58% Upside)
Technical Analysis
Best Analysts Covering MGIC
1 Year
1 Year Success Rate
16/22 ratings generated profit
1 Year Average Return
+15.43%
reiterated a buy rating last month
Copying Tavy Rosner's trades and holding each position for 1 Year would result in 72.73% of your transactions generating a profit, with an average return of +15.43% per trade.
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