Magic Software Enterprises Stock Today

MGIC Stock  USD 11.84  0.12  1.00%   

Performance

12 of 100

 
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Good

Odds Of Distress

Less than 1

 
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Magic Software is trading at 11.84 as of the 28th of March 2024, a -1% down since the beginning of the trading day. The stock's open price was 11.96. Magic Software has a very small chance of experiencing financial distress in the next few years and had a good performance during the last 90 days. Equity ratings for Magic Software Enterprises are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 7th of June 2022 and ending today, the 28th of March 2024. Click here to learn more.
Business Domain
Software & Services
IPO Date
28th of August 1991
Category
Technology
Classification
Information Technology
Magic Software Enterprises Ltd. provides proprietary application development, business process integration, vertical software solutions, and information technologies outsourcing software services in Israel and internationally. Magic Software Enterprises Ltd. The company has 49.09 M outstanding shares of which 17.59 K shares are now shorted by private and institutional investors with about 0.68 trading days to cover. More on Magic Software Enterprises

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Magic Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Magic Software's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Magic Software or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEOYakov Tsaroya
Thematic Ideas
(View all Themes)
Old NameMGI Coutier SA
Business ConcentrationApplication Software, Information Technology Services, Information Technology, NASDAQ Composite, NASDAQ Composite Total, Israel Wall Street, Business Services, Information Technology, Software, Information Technology Services, Technology (View all Sectors)
Average Analyst Recommendation
Analysts covering Magic Software report their recommendations after researching Magic Software's financial statements, talking to executives and customers, or listening in on Magic Software's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Magic Software Enter. The Magic consensus assessment is calculated by taking the average forecast from all of the analysts covering Magic Software.
Financial Strength
Based on the measurements of operating efficiency obtained from Magic Software's historical financial statements, Magic Software Enterprises is performing exceptionally good at the present time. It has a great chance to report excellent financial results in April. Financial strength of Magic Software Enter is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Return On Assets0.07430.0707
Sufficiently Up
Slightly volatile
Asset Turnover0.941.0203
Significantly Down
Slightly volatile
Gross Profit Margin0.270.2859
Notably Down
Slightly volatile
Total Current Liabilities149.1 M142 M
Sufficiently Up
Slightly volatile
Non Current Liabilities Total96.1 M91.5 M
Sufficiently Up
Slightly volatile
Total Assets550.6 M524.4 M
Sufficiently Up
Slightly volatile
Total Current Assets270.2 M257.3 M
Sufficiently Up
Slightly volatile
Total Cash From Operating Activities81.8 M77.9 M
Sufficiently Up
Slightly volatile
Magic Software's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Magic Software's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Magic Software's financial leverage. It provides some insight into what part of Magic Software's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Magic Software's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Magic Software deploys its capital and how much of that capital is borrowed.
Liquidity
Magic Software cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company currently holds 108.72 M in liabilities with Debt to Equity (D/E) ratio of 0.27, which may suggest the company is not taking enough advantage from borrowing. Magic Software Enter has a current ratio of 2.26, suggesting that it is liquid enough and is able to pay its financial obligations when due. Debt can assist Magic Software until it has trouble settling it off, either with new capital or with free cash flow. So, Magic Software's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Magic Software Enter sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Magic to invest in growth at high rates of return. When we think about Magic Software's use of debt, we should always consider it together with cash and equity.

Free Cash Flow

76.82 Million
Magic Software Enterprises (MGIC) is traded on NASDAQ Exchange in USA. It is located in Yahadut Canada 1 Street, Or Yehuda, Israel, 6037501 and employs 24 people. Magic Software is listed under Application Software category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 587.06 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Magic Software's market, we take the total number of its shares issued and multiply it by Magic Software's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Magic Software Enter conducts business under Software sector and is part of Information Technology industry. The entity has 49.09 M outstanding shares of which 17.59 K shares are now shorted by private and institutional investors with about 0.68 trading days to cover. Magic Software Enterprises currently holds about 92.32 M in cash with 77.94 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.88.
Check Magic Software Probability Of Bankruptcy
Ownership Allocation
Magic Software Enterprises holds a total of 49.09 Million outstanding shares. Magic Software Enterprises holds significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Magic Ownership Details

Magic Stock Price Odds Analysis

What are Magic Software's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Magic Software jumping above the current price in 90 days from now is about 5.36%. The Magic Software Enterprises probability density function shows the probability of Magic Software stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Magic Software has a beta of 0.2462. This indicates as returns on the market go up, Magic Software average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Magic Software Enterprises will be expected to be much smaller as well. Additionally, magic Software Enterprises has an alpha of 0.2525, implying that it can generate a 0.25 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 11.84HorizonTargetOdds Above 11.84
94.59%90 days
 11.84 
5.36%
Based on a normal probability distribution, the odds of Magic Software to move above the current price in 90 days from now is about 5.36 (This Magic Software Enterprises probability density function shows the probability of Magic Stock to fall within a particular range of prices over 90 days) .

Magic Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Magic Software that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Magic Software's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Magic Software's value.
InstituionRecorded OnShares
Eagle Global Advisors, Llc2023-12-31
72.8 K
Bank Of New York Mellon Corp2023-12-31
69 K
Geode Capital Management, Llc2023-12-31
54.8 K
Swiss National Bank2023-12-31
53.4 K
Ghp Investment Advisors, Inc.2023-12-31
48.6 K
Jpmorgan Chase & Co2023-12-31
47.1 K
Meitav Dash Investments Ltd2023-12-31
43.5 K
Citigroup Inc2023-12-31
38.9 K
Credit Suisse First Boston (csfb)2023-12-31
37 K
Clal Insurance Enterprises Holdings Ltd2023-12-31
3.4 M
Harel Insurance Invests & Fin Srvcs Ltd2023-12-31
2.6 M
View Magic Software Diagnostics

Magic Software Historical Income Statement

Magic Software Enterprises Income Statement is one of the three primary financial statements used for reporting Magic's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Magic Software Enter revenue and expense. Magic Software Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, Magic Software's Interest Expense is projected to increase significantly based on the last few years of reporting. The current year's Total Revenue is expected to grow to about 561.8 M, whereas Total Other Income Expense Net is projected to grow to (4.6 M). View More Fundamentals

Magic Stock Against Markets

Picking the right benchmark for Magic Software stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Magic Software stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Magic Software is critical whether you are bullish or bearish towards Magic Software Enterprises at a given time. Please also check how Magic Software's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Magic Software without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Magic Software Corporate Directors

Magic Software corporate directors refer to members of a Magic Software board of directors. The board of directors generally takes responsibility for the Magic Software's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Magic Software's board members must vote for the resolution. The Magic Software board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Naamit SalomonDirectorProfile
Sagi SchliesserExternal DirectorProfile
Elan PennIndependent External DirectorProfile
Yehezkel ZeiraIndependent DirectorProfile

How to buy Magic Stock?

Before investing in Magic Software, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Magic Software. To buy Magic Software stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Magic Software. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Magic Software stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Magic Software Enterprises stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Magic Software Enterprises stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Magic Software Enterprises, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Magic Stock please use our How to Invest in Magic Software guide.

Already Invested in Magic Software Enterprises?

The danger of trading Magic Software Enterprises is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Magic Software is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Magic Software. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Magic Software Enter is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Magic Software Enter offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Magic Software's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Magic Software Enterprises Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Magic Software Enterprises Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Magic Software Enterprises. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.

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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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Is Magic Software's industry 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 Software. 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 Software 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
(0.26)
Earnings Share
0.77
Revenue Per Share
10.898
Quarterly Revenue Growth
(0.15)
Return On Assets
0.0696
The market value of Magic Software Enter 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 Software's value that differs from its market value or its book value, called intrinsic value, which is Magic Software'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 Software's market value can be influenced by many factors that don't directly affect Magic Software'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 Software's value and its price as these two are different measures arrived at by different means. Investors typically determine if Magic Software is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Magic Software'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.