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Magic Software Enterprises Ltd. (MGIC)
11.45  -0.39 (-3.29%)    03-28 16:00
Open: 11.83
High: 11.83
Volume: 109,730
  
Pre. Close: 11.84
Low: 11.36
Market Cap: 562(M)
Technical analysis
2024-03-28 4:52:52 PM
Short term     
Mid term     
Targets 6-month :  13.7 1-year :  14.65
Resists First :  11.73 Second :  12.55
Pivot price 11.63
Supports First :  10.42 Second :  8.66
MAs MA(5) :  11.83 MA(20) :  11.44
MA(100) :  10.21 MA(250) :  11.5
MACD MACD :  0.2 Signal :  0.3
%K %D K(14,3) :  62.4 D(3) :  68.1
RSI RSI(14): 51
52-week High :  14.81 Low :  8.14
Price, MAs and Bollinger Bands

Price has closed below its short-term moving average. Short-term moving average is currently above mid-term; and above long-term moving average. From the relationship between price and moving averages: This stock is NEUTRAL in short-term; and BULLISH in mid-long term.
[ MGIC ] has closed above bottom band by 41.9%. Bollinger Bands are 48.6% wider than normal. The large width of the bands suggest high volatility as compared to its normal range. The bands have been in this wide range for 7 days. This is a sign that the current trend might continue.

Stock Price Prediction
If tomorrow: Open lower Open higher
High: 11.85 - 11.92 11.92 - 11.99
Low: 11.17 - 11.25 11.25 - 11.33
Close: 11.31 - 11.44 11.44 - 11.58
Company Description

Magic Software Enterprises Ltd. provides proprietary application development, business process integration, vertical software solutions, and information technologies (IT) outsourcing software services in Israel and internationally. The company's Software Services segment develops, markets, sells, and supports application platform, software applications, and business and process integration solutions and related services. Its IT Professional Services segment offers IT services in the areas of infrastructure design and delivery, application development, technology planning and implementation services, communications services and solutions, and supplemental outsourcing services. The company offers proprietary application platforms, such as Magic xpa for developing and deploying business applications; AppBuilder for building, deploying, and maintaining high-end and mainframe-grade business applications; Magic xpi for application integration; FactoryEye for virtualization of production data; BusinessEye for organizational business intelligence; and Magic SmartUX for cross-platform mobile business applications. It also provides vertical software solutions comprising Clicks, a software solution for healthcare providers; Leap, a software solution for business support systems; Hermes Cargo, a packaged software solution for managing air cargo ground handling; HR Pulse, a single-tenant software as a service tool; MBS Solution, a system for managing TV broadcast management; Nativ, a system for management of rehabilitation centers; and Mobisale, a system for sales and distribution field activities for consumer goods manufacturers and wholesalers. In addition, the company provides software maintenance, support, training, and consulting services. The company was formerly known as Mashov Software Export (1983) Ltd. and changed its name to Magic Software Enterprises Ltd. in 1991. Magic Software Enterprises Ltd. was incorporated in 1983 and is headquartered in Or Yehuda, Israel.

Headline News

Thu, 28 Mar 2024
Magic Software Enterprises (NASDAQ:MGIC) Shares Down 2.5% - MarketBeat

Thu, 28 Mar 2024
Magic Software Enterprises Ltd. (NASDAQ:MGIC) Short Interest Down 45.5% in March - MarketBeat

Mon, 25 Mar 2024
Wellington Management Group LLP Raises Position in Magic Software Enterprises Ltd. (NASDAQ:MGIC) - Defense World

Sun, 24 Mar 2024
Citigroup Inc. Sells 12280 Shares of Magic Software Enterprises Ltd. (NASDAQ:MGIC) - Defense World

Wed, 20 Mar 2024
Investors Can Find Comfort In Magic Software Enterprises' (NASDAQ:MGIC) Earnings Quality - Simply Wall St

Fri, 15 Mar 2024
Magic Software Enterprises Ltd. (NASDAQ:MGIC) Q4 2023 Earnings Call Transcript - Yahoo Finance

Financial Analysis
Price to Book Value:
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Neutral
Price to Earnings:
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Outperform
Discounted cash flow:
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Outperform
Return on Assets:
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Outperform
Return on Equity:
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Outperform
Debt to Equity:
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Outperform
Stock Basics & Statistics
Exchange:
NASDAQ
Sector:
Technology
Industry:
Information Technology Services
Shares Out 49 (M)
Shares Float 49 (M)
Held by Insiders 46.6 (%)
Held by Institutions 19.8 (%)
Shares Short 32 (K)
Shares Short P.Month 58 (K)
Stock Financials
EPS 0.76
EPS Est Next Qtrly 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 5.42
Profit Margin 6.9 %
Operating Margin 10.2 %
Return on Assets (ttm) 6.9 %
Return on Equity (ttm) 14.9 %
Qtrly Rev. Growth -14.7 %
Gross Profit (p.s.) 0
Sales Per Share 10.89
EBITDA (p.s.) 1.57
Qtrly Earnings Growth -26.2 %
Operating Cash Flow 78 (M)
Levered Free Cash Flow 42 (M)
Stock Valuations
PE Ratio 14.87
PEG Ratio 1.7
Price to Book value 2.11
Price to Sales 1.05
Price to Cash Flow 7.21
Stock Dividends
Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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