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MGIC
Stock ticker: NASDAQ
AS OF
Apr 3, 01:09 PM (EDT)
Price
$13.10
Change
-$0.32 (-2.38%)
Capitalization
651.62M

MGIC Magic Software Enterprises Ltd Forecast, Technical & Fundamental Analysis

Magic Software Enterprises Ltd is a software development company... Show more

MGIC
Daily Signalchanged days ago
Gain/Loss if bought
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A.I.Advisor
a Summary for MGIC with price predictions
Apr 02, 2025

MGIC in upward trend: price rose above 50-day moving average on March 10, 2025

MGIC moved above its 50-day moving average on March 10, 2025 date and that indicates a change from a downward trend to an upward trend. In of 41 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 65 cases where MGIC's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The 10-day moving average for MGIC crossed bullishly above the 50-day moving average on March 13, 2025. This indicates that the trend has shifted higher and could be considered a buy signal. In of 17 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where MGIC advanced for three days, in of 293 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The 10-day RSI Indicator for MGIC moved out of overbought territory on March 18, 2025. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 40 similar instances where the indicator moved out of overbought territory. In of the 40 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Momentum Indicator moved below the 0 level on March 26, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on MGIC as a result. In of 89 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for MGIC turned negative on March 26, 2025. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 52 similar instances when the indicator turned negative. In of the 52 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where MGIC declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

MGIC broke above its upper Bollinger Band on March 11, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

The Aroon Indicator for MGIC entered a downward trend on March 10, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.377) is normal, around the industry mean (22.101). P/E Ratio (17.893) is within average values for comparable stocks, (46.392). MGIC's Projected Growth (PEG Ratio) (0.000) is very low in comparison to the industry average of (1.424). Dividend Yield (0.033) settles around the average of (0.024) among similar stocks. P/S Ratio (1.193) is also within normal values, averaging (14.393).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. MGIC’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 81, placing this stock slightly better than average.

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MGIC
Daily Signalchanged days ago
Gain/Loss if bought
Show more...
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A.I. Advisor
published Earnings

MGIC is expected to report earnings to rise 7.33% to 25 cents per share on May 07

Magic Software Enterprises Ltd MGIC Stock Earnings Reports
Q1'25
Est.
$0.26
Q4'24
Missed
by $0.01
Q3'24
Missed
by $0.02
Q2'24
Est.
$0.24
Q1'24
Missed
by $0.03
The last earnings report on March 11 showed earnings per share of 23 cents, missing the estimate of 24 cents. With 8.51K shares outstanding, the current market capitalization sits at 651.62M.
A.I.Advisor
published Dividends

MGIC paid dividends on January 08, 2025

Magic Software Enterprises Ltd MGIC Stock Dividends
А dividend of $0.24 per share was paid with a record date of January 08, 2025, and an ex-dividend date of December 23, 2024. Read more...
A.I. Advisor
published General Information

General Information

a provider of mobile and cloud-enabled application platform and business integration solutions

Industry InformationTechnologyServices

Profile
Fundamentals
Details
Industry
Packaged Software
Address
Yahadut Canada 1 Street
Phone
+972 35389243
Employees
4161
Web
https://www.magicsoftware.com
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MGIC and Stocks

Correlation & Price change

A.I.dvisor indicates that over the last year, MGIC has been loosely correlated with AI. These tickers have moved in lockstep 52% of the time. This A.I.-generated data suggests there is some statistical probability that if MGIC jumps, then AI could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To MGIC
1D Price
Change %
MGIC100%
+1.05%
AI - MGIC
52%
Loosely correlated
+2.57%
FLYW - MGIC
47%
Loosely correlated
+2.82%
PSFE - MGIC
46%
Loosely correlated
+1.86%
PAY - MGIC
43%
Loosely correlated
+1.14%
UIS - MGIC
27%
Poorly correlated
+0.88%
More