Magic Software Enterprises Stock Price on May 1, 2024
| MGIC Stock | USD 10.99 0.07 0.64% |
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 10.99, as last reported on the 24th of November, with the highest price reaching 11.12 and the lowest price hitting 10.83 during the day.
If you're considering investing in Magic Stock, it is important to understand the factors that can impact its price. At this point, Magic Software is not too volatile. Magic Software Enter has Sharpe Ratio of 0.0294, which conveys that the firm had a 0.0294% return per unit of risk over the last 3 months. We have found thirty technical indicators for Magic Software, which you can use to evaluate the volatility of the firm. Please verify Magic Software's Downside Deviation of 1.61, risk adjusted performance of 0.0317, and Mean Deviation of 1.4 to check out if the risk estimate we provide is consistent with the expected return of 0.0557%.
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.
IPO Date 28th of August 1991 | 200 Day MA 11.1105 | 50 Day MA 11.2856 | Beta 1.08 |
Magic |
Sharpe Ratio = 0.0294
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| Cash | Small Risk | MGIC | High Risk | Huge Risk |
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Estimated Market Risk
| 1.89 actual daily | 16 84% of assets are more volatile |
Expected Return
| 0.06 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average Magic Software is performing at about 2% 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 1.9312 | Enterprise Value Ebitda 6.4532 | Price Sales 1.0311 | Shares Float 26 M | Wall Street Target Price 15 |
Magic Software Valuation on May 1, 2024
It is possible to determine the worth of Magic Software on a given historical date. On May 1, 2024 Magic was worth 11.53 at the beginning of the trading date compared to the closed value of 11.48. 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 | |
| 11.60 | 11.62 | 11.47 | 11.57 | 56,562 | |
05/01/2024 | 11.53 | 11.54 | 11.34 | 11.48 | 53,923 |
| 11.56 | 11.67 | 11.36 | 11.66 | 54,332 |
| Backtest Magic Software | | | Magic Software History | | | Magic Software Valuation | Previous | Next |
Magic Software Trading Date Momentum on May 1, 2024
| On May 02 2024 Magic Software Enterprises was traded for 11.66 at the closing time. The top price for the day was 11.67 and the lowest listed price was 11.36 . The trading volume for the day was 54.3 K. The trading history from May 2, 2024 was a factor to the next trading day price growth. The trading delta at closing time against the next closing price was 1.57% . The trading delta at closing time against the current closing price is 6.10% . |
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 Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 49.1 M | 35.1 M | |
| Net Income Applicable To Common Shares | 44.6 M | 46.8 M |
Magic Software Quarterly Net Working Capital |
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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.
Price Boundaries
Magic Software Period Price Range
Low | November 24, 2024
| High |
0.00 | 0.00 |
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 November 24, 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.
| Risk Adjusted Performance | 0.0317 | |||
| Jensen Alpha | 0.0781 | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (0.26) |
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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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