E Daily Stock Analysis: Magic Software Enterprises

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Magic Software Enterprises Inc has the ticker symbol MGIC and is a small-cap member of the technology sector as an application software firm. This is my first report on Magic Software Enterprises Inc for this Vista folio. MGIC was selected for a previous DOTW portfolio.

Magic Software Enterprises Ltd is a software development company. The company's operating segment includes Software Services. 

It generates maximum revenue from the IT Professional Services segment. IT Professional Services segment offers advanced and flexible IT services in the areas of infrastructure design and delivery, application development, technology planning, and implementation services, communications services and solutions, as well as supplemental outsourcing services. 

Geographically, it derives a majority of revenue from the United States and also has a presence in Israel; Europe; Japan, and Other countries.

It serves oil and gas, telecommunications, financial, healthcare, and industrial sectors; and public institutions and international agencies. 

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.

Three key data points gauge dividend equities or funds like Magic Software Enterprises Ltd:

(1) Price

(2) Dividends

(3) Returns

Those three basic keys best tell whether a company has made, is making, and will make money. 

MGIC Price

Magic's price per share closed at $16.08 yesterday. One year ago its price was $9.62. Thus, the price per share has grown over 67% as it recovered from last year's COVID market slump. 

Should Magic Software Enterprises Ltd stock trade in the range of $10 to $22.00 this next year, its recent $16.08 price might rise by $2.92 to reach $19.00 by May 18, 2022. My estimate is $1.00 lower of the median of three price estimates from analysts tracking MGIC. 

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Disclaimer: This article is for informational and educational purposes only and should not be construed to constitute investment advice. Nothing contained herein shall constitute a solicitation, ...

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