Magic Software Enterprises Ltd. · Technology · Information Technology Services
Scores & Status Key
AI Summary Scores: Intraday / Swing / Long scores are synthesized from multi-factor analysis for each timeframe. They summarize current conditions discussed in the report and do not constitute trading recommendations.
Intraday Trend Score: A 0–100 composite from the Trend Explorer™ analytics engine used for ranking and comparison. It describes current conditions and is not a forecast.
Trend Status: A rules-based label (Bullish / Mixed / Bearish) derived from signal confluence (trend structure, momentum, and positioning). It indicates alignment, not expected return.
Last
$17.43
−$1.97 (−10.13%) 4:00 PM ET
Pre-market$17.00
−$0.43 (−2.49%) 6:43 PM ET
Prev closePrevC$19.40
OpenOpen$17.82
Day highHigh$18.21
Day lowLow$17.25
VolumeVol131,450
Avg volAvgVol37,848
On chart
Interval
Intervals apply to 1D & 5D.
Intervals apply to 1D & 5D.
Scale: Linear
Overlays
Panels
Style
Scale: Linear
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Tickers only (no ^ indexes). Add up to 5.
Sector
Technology
AI report sections
MIXED
MGIC
Magic Software Enterprises Ltd.
No AI report section text found yet for this symbol.
AI summarized at 1:18 PM ET, 2025-03-11
Volume vs average
Intraday (cumulative)
+192% (Above avg)
Vol/Avg: 2.92×
RSI
30.55(Weak)
Weak (30–40)
0255075100
MACD momentum
Intraday
+0.01 (Strong)
MACD: -0.14 Signal: -0.15
Short-Term
-0.43 (Weak)
MACD: -2.14 Signal: -1.71
Long-Term
-0.64 (Weak)
MACD: -2.02 Signal: -1.38
Intraday trend score
36.00
LOW36.00HIGH36.00
Latest news
MGIC•12 articles•Positive: 2Neutral: 1Negative: 0
PositiveBenzinga• Globe Newswire
Magic Software Reports Fourth Quarter and Full Year 2024 Financial Results
Magic Software Enterprises reported strong financial results for the fourth quarter and full year 2024, with revenue growth and improved profitability. The company also announced a strategic merger with Matrix I.T, Israel's leading IT services company.
The company reported revenue growth of 13.6% and improved operating income in the fourth quarter, as well as a 3.3% revenue increase for the full year 2024. The proposed merger with Matrix I.T is also seen as a transformative opportunity for the company.
PositiveGlobeNewswire Inc.• N/A
Magic Software and Matrix I.T sign MOU to Consider Merger
Magic Software Enterprises Ltd. and Matrix I.T Ltd. have signed a Memorandum of Understanding for a proposed merger, where Matrix will acquire Magic's entire share capital. The combined entity is expected to have a market value of $2.1 billion and operate in around 50 countries.
The article presents the proposed merger as a strategic opportunity for Magic Software Enterprises, strengthening its market position, expanding its capabilities, and enhancing value for its shareholders.
NeutralGlobeNewswire Inc.• Formula Systems (1985) Ltd.
Formula Systems Reports Second Quarter and First Half 2024 Financial Results
Formula Systems reported strong financial results for the second quarter and first half of 2024, with record-breaking revenues, operating income, and net income. The company's subsidiaries, including Matrix IT, Sapiens, and Magic Software, also performed well during the period.
While Magic Software's operational results have been improving, the company faces challenges due to a dynamic macroeconomic landscape and softer demand from some of its North American clients.
UnknownZacks Investment Research• Zacks Equity Research
Is Magic Software Enterprises (MGIC) Outperforming Other Computer and Technology Stocks This Year?
Here is how Magic Software (MGIC) and HUYA Inc. Sponsored ADR (HUYA) have performed compared to their sector so far this year.
MGICHUYA
UnknownZacks Investment Research• Zacks Equity Research
Is Magic Software Enterprises (MGIC) a Great Value Stock Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
MGIC
UnknownZacks Investment Research• Zacks Equity Research
Down -9.84% in 4 Weeks, Here's Why You Should You Buy the Dip in Magic Software (MGIC)
The heavy selling pressure might have exhausted for Magic Software (MGIC) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
MGIC
UnknownZacks Investment Research• Zacks Equity Research
Should Value Investors Buy Magic Software Enterprises (MGIC) Stock?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
MGIC
UnknownZacks Investment Research• Zacks Equity Research
Magic Software (MGIC) Surpasses Q1 Earnings and Revenue Estimates
Magic Software (MGIC) delivered earnings and revenue surprises of 9.52% and 3.09%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
CORRECTION: Magic Software Reports First Quarter 2024 Financial Results
OR YEHUDA, Israel, May 16, 2024 (GLOBE NEWSWIRE) -- In a release issued under the same headline earlier today by Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC), please note that the company has updated the dividend payout date. The dividend payable date has been advanced to July 11, 2024, from July 13, 2024. The corrected release is as follows:
Magic Software Reports First Quarter 2024 Financial Results
OR YEHUDA, Israel, May 16, 2024 (GLOBE NEWSWIRE) -- Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC) (“the Company”), a global provider of IT consulting services and end-to-end integration and application development platforms solutions, announced today its financial results for the first quarter ended March 31, 2024.
Magic Software Reports Fourth Quarter and Full Year 2023 Financial Results
OR YEHUDA, Israel, March 13, 2024 (GLOBE NEWSWIRE) -- Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC) (“the Company”), a global provider of IT consulting services and end-to-end integration and application development platforms solutions, announced today its financial results for the fourth quarter and full year ended December 31, 2023.
MGICEarnings Releases and Operating Results
UnknownZacks Investment Research• Zacks Equity Research
Autodesk (ADSK) Q4 Earnings and Revenues Surpass Estimates
Autodesk (ADSK) delivered earnings and revenue surprises of 7.18% and 2.66%, respectively, for the quarter ended January 2024. Do the numbers hold clues to what lies ahead for the stock?
ADSKMGIC
News and sentiment labels describe article tone and are provided for research purposes only. They are not trading recommendations or forecasts.
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