Magic Software Enterprises Stock Price on March 16, 2024

MGIC Stock  USD 12.86  0.68  5.58%   
Below is the normalized historical share price chart for Magic Software Enterprises extending back to August 30, 1991. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Magic Software stands at 12.86, as last reported on the 11th of December 2024, with the highest price reaching 12.97 and the lowest price hitting 12.78 during the day.
IPO Date
28th of August 1991
200 Day MA
11.1711
50 Day MA
11.377
Beta
1.08
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
If you're considering investing in Magic Stock, it is important to understand the factors that can impact its price. Magic Software appears to be not too volatile, given 3 months investment horizon. Magic Software Enter has Sharpe Ratio of 0.1, which conveys that the firm had a 0.1% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Magic Software, which you can use to evaluate the volatility of the firm. Please exercise Magic Software's Mean Deviation of 1.78, downside deviation of 1.69, and Risk Adjusted Performance of 0.1117 to check out if our risk estimates are consistent with your expectations.
  
At present, Magic Software's Liabilities And Stockholders Equity is projected to increase significantly based on the last few years of reporting. The current year's Stock Based Compensation is expected to grow to about 4 M, whereas Common Stock Shares Outstanding is forecasted to decline to about 35.1 M. . At present, Magic Software's Price To Free Cash Flows Ratio is projected to slightly decrease based on the last few years of reporting. The current year's Price To Book Ratio is expected to grow to 2.49, whereas Price To Sales Ratio is forecasted to decline to 0.84. Magic Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.1035

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Estimated Market Risk

 2.15
  actual daily
19
81% of assets are more volatile

Expected Return

 0.22
  actual daily
4
96% of assets have higher returns

Risk-Adjusted Return

 0.1
  actual daily
8
92% of assets perform better
Based on monthly moving average Magic Software is performing at about 8% 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 Software by adding it to a well-diversified portfolio.
Price Book
2.2598
Enterprise Value Ebitda
7.134
Price Sales
1.1737
Shares Float
26 M
Wall Street Target Price
15

Related Headline

ASGN Headline on 15th of March 2024

Filed transaction by ASGN Inc Director. Disposition to the issuer of issuer equity securities pursuant to Rule 16b-3

Magic Software Valuation on March 16, 2024

It is possible to determine the worth of Magic Software on a given historical date. On March 16, 2024 Magic was worth 11.59 at the beginning of the trading date compared to the closed value of 11.73. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Magic Software stock. Still, in general, we apply an absolute valuation method to find Magic Software'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 Software where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Magic Software's related companies.
 Open High Low Close Volume
  11.72    11.90    11.40    11.57    170,882  
03/15/2024
  11.59    11.75    11.43    11.73    105,412  
  11.92    11.92    11.62    11.68    46,990  
Backtest Magic Software  |  Magic Software History  |  Magic Software Valuation   PreviousNext  
Open Value
11.59
11.73
Closing Value
18.03
Upside

Magic Software Trading Date Momentum on March 16, 2024

On March 18 2024 Magic Software Enterprises was traded for  11.68  at the closing time. The top price for the day was 11.92  and the lowest listed price was  11.62 . The trading volume for the day was 47 K. The trading history from March 18, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 0.43% . The trading delta at closing time against the current closing price is 0.51% .

Magic Software Enter Fundamentals Correlations and Trends

By evaluating Magic Software'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 Software'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 Software Stock history

Magic Software 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 Software Enter 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 Software stock prices may prove useful in developing a viable investing in Magic Software
Last ReportedProjected for Next Year
Common Stock Shares Outstanding49.1 M35.1 M
Net Income Applicable To Common Shares44.6 M46.8 M

Magic Software Quarterly Net Working Capital

103.82 Million

Magic Software Stock Technical Analysis

Magic Software 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.
A focus of Magic Software technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Magic Software trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Magic Software Period Price Range

Low
December 11, 2024
0.00  NaN%
High

 0.00 

     

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Magic Software Enterprises 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 Software December 11, 2024 Market Strength

Market strength indicators help investors to evaluate how Magic Software 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 Software shares will generate the highest return on investment. By undertsting and applying Magic Software stock market strength indicators, traders can identify Magic Software Enterprises entry and exit signals to maximize returns

Magic Software Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Magic Software'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.

Complementary Tools for Magic Stock analysis

When running Magic Software's price analysis, check to measure Magic Software's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Magic Software is operating at the current time. Most of Magic Software's value examination focuses on studying past and present price action to predict the probability of Magic Software's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Magic Software's price. Additionally, you may evaluate how the addition of Magic Software to your portfolios can decrease your overall portfolio volatility.
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