Is it Time to Dump Magic Software Enterprises Ltd (MGIC) Stock After it Is Up 13.01% in a Week?

The market has been high on Magic Software Enterprises Ltd (MGIC) stock recently. MGIC gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Magic Software Enterprises Ltd has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on MGIC!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With MGIC Stock Today?

Magic Software Enterprises Ltd (MGIC) stock is up 3.21% while the S&P 500 is lower by -0.54% as of 3:45 PM on Thursday, Mar 14. MGIC is higher by $0.37 from the previous closing price of $11.53 on volume of 147,986 shares. Over the past year the S&P 500 is higher by 31.08% while MGIC is lower by -12.24%. MGIC earned $0.78 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 15.35. To screen for more stocks like Magic Software Enterprises Ltd click here.

More About Magic Software Enterprises Ltd

Magic Software Enterprises Ltd is a software development company. The company's operating segment includes Software Services and IT Professional 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. Click Here to get the full Stock Report for Magic Software Enterprises Ltd stock.