Magic Empire Global Stock Price on December 31, 2023
| MEGL Stock | USD 0.53 0.03 6.00% |
If you're considering investing in Magic Stock, it is important to understand the factors that can impact its price. As of today, the current price of Magic Empire stands at 0.53, as last reported on the 26th of November, with the highest price reaching 0.53 and the lowest price hitting 0.50 during the day. Magic Empire appears to be out of control, given 3 months investment horizon. Magic Empire Global has Sharpe Ratio of 0.0718, which conveys that the firm had a 0.0718% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Magic Empire, which you can use to evaluate the volatility of the firm. Please exercise Magic Empire's Risk Adjusted Performance of 0.0426, mean deviation of 4.23, and Downside Deviation of 5.53 to check out if our risk estimates are consistent with your expectations.
Total Stockholder Equity is expected to rise to about 141 M this year, although the value of Common Stock Shares Outstanding will most likely fall to about 19.2 M. . At this time, Magic Empire's Price Earnings To Growth Ratio is quite stable compared to the past year. Price To Operating Cash Flows Ratio is expected to rise to 2,584 this year, although the value of Price Earnings Ratio is projected to rise to (366.47). Magic Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Magic |
Sharpe Ratio = 0.0718
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Estimated Market Risk
| 6.05 actual daily | 53 53% of assets are less volatile |
Expected Return
| 0.43 actual daily | 8 92% of assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average Magic Empire is performing at about 5% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Magic Empire by adding it to a well-diversified portfolio.
Price Book 0.5844 | Enterprise Value Ebitda 3.0594 | Price Sales 0.6564 | Shares Float 9.6 M | Shares Short 456.5 K |
Related Headline
Greenhill Headline on 24th of July 2023
Williams Industrial Services Group Inc. Enters into Purchase... by finance.yahoo.com
ATLANTA, July 24, 2023 Williams Industrial Services Group Inc. , a leading provider of infrastructure related services to blue-chip customers in energy and industrial end markets, including a broad range of construction maintenance, modification, and support services, announced today that it and certain of its subsidiaries have filed voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of Delaware and agreed
Magic Empire Valuation on December 31, 2023
It is possible to determine the worth of Magic Empire on a given historical date. On December 31, 2023 Magic was worth 0.85 at the beginning of the trading date compared to the closed value of 1.18. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Magic Empire stock. Still, in general, we apply an absolute valuation method to find Magic Empire's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Magic Empire where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Magic Empire's related companies.
| Open | High | Low | Close | Volume | |
| 0.83 | 0.87 | 0.83 | 0.87 | 93,500 | |
12/29/2023 | 0.85 | 1.37 | 0.85 | 1.18 | 7,367,600 |
| 1.04 | 1.35 | 1.02 | 1.14 | 1,737,200 |
| Backtest Magic Empire | | | Magic Empire History | | | Magic Empire Valuation | Previous | Next |
Magic Empire Trading Date Momentum on December 31, 2023
| On January 02 2024 Magic Empire Global was traded for 1.14 at the closing time. The top price for the day was 1.35 and the lowest listed price was 1.02 . The trading volume for the day was 1.7 M. The trading history from January 2, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 3.39% . The trading delta at closing time against the current closing price is 3.39% . |
Magic Empire Global Fundamentals Correlations and Trends
By evaluating Magic Empire's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Magic Empire's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Magic financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Magic Empire Stock history
Magic Empire investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Magic is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Magic Empire Global will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Magic Empire stock prices may prove useful in developing a viable investing in Magic Empire
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 20.3 M | 19.2 M | |
| Net Income Applicable To Common Shares | 1.4 M | 1.3 M |
Magic Empire Quarterly Net Working Capital |
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Magic Empire Stock Technical Analysis
Magic Empire technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Magic Empire Period Price Range
Low | November 26, 2024
| High |
0.00 | 0.00 |
Magic Empire Global cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Magic Empire November 26, 2024 Market Strength
Market strength indicators help investors to evaluate how Magic Empire stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Magic Empire shares will generate the highest return on investment. By undertsting and applying Magic Empire stock market strength indicators, traders can identify Magic Empire Global entry and exit signals to maximize returns
Magic Empire Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Magic Empire's price direction in advance. Along with the technical and fundamental analysis of Magic Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Magic to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0426 | |||
| Jensen Alpha | 0.1554 | |||
| Total Risk Alpha | (0.69) | |||
| Sortino Ratio | 0.024 | |||
| Treynor Ratio | 0.3119 |
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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Magic Empire Global. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Magic Empire. If investors know Magic will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Magic Empire listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.14) | Revenue Per Share 0.762 | Quarterly Revenue Growth 0.269 | Return On Assets (0) | Return On Equity (0) |
The market value of Magic Empire Global is measured differently than its book value, which is the value of Magic that is recorded on the company's balance sheet. Investors also form their own opinion of Magic Empire's value that differs from its market value or its book value, called intrinsic value, which is Magic Empire's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Magic Empire's market value can be influenced by many factors that don't directly affect Magic Empire's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Magic Empire's value and its price as these two are different measures arrived at by different means. Investors typically determine if Magic Empire is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Magic Empire's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.