Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Magic Software Enterprises Ltd (NASDAQ: MGIC) improved of late. MGIC’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
Magic Software Enterprises Ltd (NASDAQ: MGIC) stock increased 1.4% on 11/8/24. The shares closed at $10.90. Moreover, exceptionally high trading volume at 349% of normal accompanied the advance. The stock has declined -2.8% during the last week and has performed in line with 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 be above the cost of capital.
Magic Software Enterprises has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Magic Software Enterprises has a neutral Appreciation Score of 49 and a slightly negative Power Rating of 38, producing the Low Neutral Value Trend Rating.
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