How to Buy Magic Software Enterprises Stock
Magic Software Enterprises Ltd
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.
Magic Software Enterprises stock last closed at $13.84, down 0.72% from the previous day, and has increased 17.19% in one year. It has overperformed other stocks in the Information Technology Services industry by 0.15 percentage points. Magic Software Enterprises stock is currently +45.53% from its 52-week low of $9.51, and -2.81% from its 52-week high of $14.24.
There are currently 49.1M MGIC shares outstanding. The market capitalization of MGIC is $679.53M. In the past 24 hours, 13,311 MGIC shares were traded.
How to Buy Magic Software Enterprises Stock
Wondering how to invest in Magic Software Enterprises stock? Here's how.
- Choose where to buy Magic Software Enterprises stock: You need to pick a stock brokerage, but don't worry - we've analyzed dozens of online stock brokerages and apps to help you determine where to buy Magic Software Enterprises stock.
- Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Deposit money your investment account: Choose your method of payment and add your info.
- Evaluate Magic Software Enterprises stock: The Magic Software Enterprises ticker symbol is MGIC. Is Magic Software Enterprises stock a good investment? Should you buy shares of MGIC? How do MGIC's underlying business fundamentals look? Do top analysts think Magic Software Enterprises is a good buy? Why has MGIC's stock price moved recently? (Hint: Our stock market research tools can help you figure out if MGIC is a good stock to buy).
- Execute your MGIC trade: Decide if you will purchase MGIC shares at the current market price or use a limit order to buy MGIC stock at a specific price.
- Get updates on your MGIC position: Create a watchlist to track your new investment in Magic Software Enterprises stock.
Step 1: Choose where to buy Magic Software Enterprises stock
You need an online brokerage account in order to access the NASDAQ market and buy MGIC stock.
Our preferred brokerage: eToro
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Get $10 towards your purchase of stock by opening an account with eToro today. This offer is only for US users.
Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've picked the right brokerage, the next step is to fill out some personal info so you can invest in MGIC stock today.
How to Create a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal info to create your new trading account.
- Send your details by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit money your investment account
Now that you've finished signing up on the best stock app, you need to deposit funds:
Check out the tutorial below to see the process of transferring funds into your new brokerage account.
Step 4: Evaluate Magic Software Enterprises stock
After you have identified the best place to buy Magic Software Enterprises stock, it's very important to research their stock prior to investing, so you can comprehend the risk as well as the upside.
Magic Software Enterprises stock quick numbers
Magic Software Enterprises Overview
WallStreetZen was built to help everyday investors do better fundamental analysis quickly.
You can view all of the due diligence checks on MGIC's stock page.
Is MGIC stock undervalued or overvalued?
You can use many financial metrics, analyses, models, and charts to gauge MGIC's true value.
Using relative valuations measures:
- MGIC could be undervalued based on its P/E ratio of 18.45x, relative to Information Technology Services industry P/E ratio of 26.41x
- MGIC may be undervalued based on its P/B ratio of 2.45x, relative to Information Technology Services industry P/B ratio of 4.84x
- MGIC could be undervalued based on its PEG ratio of 0.71x
You can do more valuation research on MGIC's stock here.
MGIC Financial Overview
Positive Health Checks:
- There are more short-term assets than short-term liabilities on the MGIC balance sheet.
- There are more short-term assets than long-term liabilities on the MGIC balance sheet.
- MGIC's operating cash flow of $74.69M allows it to safely service it's debt of $86.15M.
- MGIC earnings of $54.45M is not enough to cover its interest payments.
Negative Health Checks:
- Total MGIC debt is higher than 5 years ago, relative to shareholder equity.
- MGIC has a relatively high debt to equity ratio of 0.86.
- MGIC profit margin has gone down from 6.9% to 6.7% in the past year.
Do analysts think it's a good time to buy MGIC stock
Out of 1 Wall Street analysts who give forecasts on MGIC, the consensus analyst rating on MGIC is a Strong Buy
It's important to keep in mind that analyst forecasts are not recommendations, nor are they financial advice.
You can dive deeper into what analysts are projecting on the Magic Software Enterprises stock forecast page.
MGIC Technicals
MGIC Revenue
Last year, MGIC earnings were $36.88M. During the past five year, MGIC's earnings have grown by 23.6% per year. This was faster than the Information Technology Services industry average of 7.97%.
Last year, MGIC revenue was $552.52M. Over the past five year, MGIC's revenue has grown by 11.15% per year. This was faster than the Information Technology Services industry average of 4.64%.
You can research MGIC's earnings and revenue performance here.
Latest Insiders Trades at MGIC
Over the last 12 months, insiders at MGIC have not bought or sold any shares.
Learn more about who owns MGIC shares here.
Can I get consistent income from MGIC stock?
Magic Software Enterprises pays a dividend of 3.84%, compared to the Information Technology Services industry's average dividend yield of 2.93%. If you owned $1,000 of MGIC stock, you would have been paid $38.37 last year.
Magic Software Enterprises dividend payments have consistently grown over the past decade but have not remained stable.
Dig into more data about Magic Software Enterprises dividend yield and history here.
What others are saying about MGIC
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Execute your MGIC trade
You have two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are usually fine for most investors. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a particular dollar amount, use a limit order.
Hit the Open button and eToro will execute your order.
If you require additional help with buying stocks on eToro, click the how to video below:
Step 6: Get updates on your MGIC position
Now that you own some MGIC stock, you'll want to keep up with your new shares.
Start a watchlist to keep tabs on your MGIC stock.
MGIC Feed
How to Buy Stock in Magic Software Enterprises
To summarize, here are the 6 steps to buy Magic Software Enterprises stock:
- Choose where to buy Magic Software Enterprises stock
- Sign up for your brokerage account
- Deposit money your investment account
- Evaluate Magic Software Enterprises stock
- Execute your MGIC trade
- Get updates on your MGIC position
If you require a online brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you want to monitor your investment in Magic Software Enterprises, get started below.
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