Magic Software (Israel) Today
| MGIC Stock | ILA 4,400 66.00 1.48% |
Performance7 of 100
| Odds Of DistressLess than 9
|
Magic Software is trading at 4400.00 as of the 23rd of April 2024, a -1.48 percent decrease since the beginning of the trading day. The stock's open price was 4466.0. Magic Software has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat ok 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 28th of July 2023 and ending today, the 23rd of April 2024. Click here to learn more.
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. More on Magic Software Enterprises
Moving together with Magic Stock
| 0.87 | MTRX | Matrix | PairCorr |
| 0.89 | FORTY | Formula | PairCorr |
| 0.82 | MLTM | Malam Team | PairCorr |
| 0.76 | CMDR | Computer Direct | PairCorr |
| 0.84 | EMCO | E M Computing | PairCorr |
Moving against Magic Stock
| 0.73 | BEZQ | Bezeq Israeli Teleco | PairCorr |
| 0.6 | BCOM | B Communications | PairCorr |
| 0.58 | ALHE | Alony Hetz Properties | PairCorr |
| 0.53 | GZT | Gazit Globe | PairCorr |
| 0.51 | NSTR | Norstar | PairCorr |
| 0.51 | DISI | Discount Investment Corp | PairCorr |
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.
| CEO | Yakov Tsaroya |
| Thematic Ideas | (View all Themes) |
| Business Concentration | Software, Computers, IT, Information Technology Services, Technology, Computing (View all Sectors) |
Magic Software Enterprises (MGIC) is traded on Tel Aviv Stock Exchange in Israel and employs 3,677 people. The company currently falls under 'Mid-Cap' category with a current market capitalization of 2.91 B. 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 operates under Technology sector and is part of Information Technology Services industry. The entity has 49.09 M outstanding shares.
Magic Software Enterprises has accumulated about 92.32 M in cash with 37.81 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 AllocationMagic 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? Depending on a normal probability distribution, the odds of Magic Software jumping above the current price in 90 days from now is about 10.73%. 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. Assuming the 90 days trading horizon Magic Software has a beta of 0.4851. 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 0.2309, implying that it can generate a 0.23 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Magic Software to move above the current price in 90 days from now is about 10.73 (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 Software Enter Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Magic Software market risk premium is the additional return an investor will receive from holding Magic Software long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Magic Software. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Magic Software's alpha and beta are two of the key measurements used to evaluate Magic Software's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 1.84 | |||
| Semi Deviation | 1.87 | |||
| Standard Deviation | 2.42 | |||
| Variance | 5.85 |
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.Did you try this?
Run Share Portfolio Now
Share PortfolioTrack or share privately all of your investments from the convenience of any device |
| All Next | Launch Module |
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 Salomon | Director | Profile | |
| Sagi Schliesser | Independent Director | Profile | |
| Elan Penn | Independent External Director | Profile | |
| Yehezkel Zeira | Independent Director | Profile |
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 board of governors. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
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.
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. |