On 11/8/23, Magic Software Enterprises Ltd (NASDAQ: MGIC) stock suffered a major decline of -19.5%, closing at $8.48. The stock has declined -15.4% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
MGIC is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Magic Software Enterprises has a current Value Trend Rating of D (Negative). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Magic Software Enterprises has a neutral Appreciation Score of 46 and a slightly negative Power Rating of 34, leading to the Negative Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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