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Magic Software Enterprises Ltd (MGIC)
NASDAQ:MGIC
Magic (MGIC) Stock Price & Analysis
264 Followers
MGIC Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$8.15 - $13.20
Previous Close$11.68
Volume28.02K
Average Volume (3M)48.23K
Market Cap
$573.48M
Enterprise Value$600.46M
Total Cash (Recent Filing)$106.69M
Total Debt (Recent Filing)$108.72M
Price to Earnings (P/E)16.1
Beta0.63
Next Earnings
Aug 14, 2024EPS Estimate
$0.24Last Dividend Ex-Date
Jun 27, 2024Dividend Yield4.53%
Share Statistics
EPS (TTM)0.73
Shares Outstanding49,099,305
10 Day Avg. Volume47,867
30 Day Avg. Volume48,230
Standard Deviation0.09
R-Squared0.35
Alpha-0.00291
Financial Highlights & Ratios
Price to Book (P/B)10.07
Price to Sales (P/S)0.93
Price to Cash Flow (P/CF)35.50
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.14
Enterprise Value/Gross Profit3.92
Enterprise Value/Ebitda15.48
Forecast
1Y Price Target
$18.00Price Target Upside54.11% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
Magic News
PremiumCompany Announcements
Magic Software to Reveal Q2 2024 Results
PremiumCompany Announcements
Magic Software Schedules 2024 Shareholder Meeting
PremiumCompany Announcements
Magic Software Sees Financial Dip in Q1 2024
PremiumCompany Announcements
Magic Software Files 2023 Annual ReportPremiumCompany Announcements
Magic Software’s Shareholders Approve Board ElectionsOwnership Overview
0.00%
Insiders
0.53% Mutual Funds
2.14% Other Institutional Investors
97.34% 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 $13.20 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 Aug 14, 2024 which is in 17 days.
How were Magic Software Enterprises Ltd’s earnings last quarter?
Magic Software Enterprises Ltd released its earnings results on May 16, 2024. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.211 by $0.019.
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 $0.2 which represents an annual dividend yield of 4.53%. 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 $0.24.
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, beating expectations of $0.211. Following the earnings report the stock price went down -9.04%.
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:
$18.00 (54.11% Upside)
$18.00 (54.11% Upside)
Blogger Sentiment
Bullish
MGIC Sentiment 66%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Increased
By 196.4K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▲ 5.3%
Last 30 Days ▲ 4.7%
Last 30 Days ▲ 4.7%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
2.63%
12-Months-Change
Fundamentals
Return on Equity
13.54%
Trailing 12-Months
Asset Growth
2.97%
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
Q1 2024
0:00 / 0:00
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MGIC Stock 12 Month Forecast
Average Price Target
$18.00
▲(54.11% Upside)
Technical Analysis
Best Analysts Covering MGIC
1 Year
1 Year Success Rate
14/20 ratings generated profit
1 Year Average Return
+16.43%
assigned a buy rating 2 months ago
Copying Tavy Rosner's trades and holding each position for 1 Year would result in 70.00% of your transactions generating a profit, with an average return of +16.43% per trade.
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