A share price of Magic Software Enterprises Ltd [MGIC] is currently trading at $16.78, up 2.01%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The MGIC shares have gain 4.42% over the last week, with a monthly amount glided 3.90%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Magic Software Enterprises Ltd [NASDAQ: MGIC] stock has seen the most recent analyst activity on March 12, 2025, when William Blair downgraded its rating to a Mkt Perform. Previously, H.C. Wainwright upgraded its rating to Buy on August 17, 2020, and elevated its price target to $17. On March 11, 2020, downgrade downgraded it’s rating to Neutral but maintained its price target of $8.50 on the stock. Rodman & Renshaw reiterated its Buy rating and increased its price target to $10 on May 17, 2017. Rodman & Renshaw reiterated its recommendation of a Buy and raised its price target to $9 on March 06, 2017. Barclays reiterated a Overweight rating for this stock on February 23, 2016, and upped its price target to $8.50. In a note dated November 12, 2015, Barclays upgraded an Overweight rating on this stock but restated the target price of $8.
Magic Software Enterprises Ltd experienced fluctuations in its stock price throughout the past year between $9.51 and $16.58. Currently, Wall Street analysts expect the stock to reach $18.5 within the next 12 months. Magic Software Enterprises Ltd [NASDAQ: MGIC] shares were valued at $16.78 at the most recent close of the market. An investor can expect a potential return of 10.25% based on the average MGIC price forecast.
Analyzing the MGIC fundamentals
Trailing Twelve Months sales for Magic Software Enterprises Ltd [NASDAQ:MGIC] were 569.14M which represents 12.71% growth. Gross Profit Margin for this corporation currently stands at 0.28% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.05%.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 16.59 points at the first support level, and at 16.40 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.02, and for the 2nd resistance point, it is at 17.26.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Magic Software Enterprises Ltd [NASDAQ:MGIC] is 1.51. Also, the Quick Ratio is 1.51, while the Cash Ratio stands at 0.59. Considering the valuation of this stock, the price to sales ratio is 1.45, the price to book ratio is 3.06 and price to earnings (TTM) ratio is 21.93.
