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Video: Compound Annual Growth Rate (CAGR) Definition
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Date |
Open |
High |
Low |
Close |
Volume |
04/22/2024 |
$11.60 |
$11.71 |
$11.53 |
$11.59 |
48.50K | 04/23/2024 |
$11.67 |
$11.79 |
$11.60 |
$11.75 |
53.50K | 04/24/2024 |
$11.82 |
$11.82 |
$11.55 |
$11.61 |
29.70K | 04/25/2024 |
$11.61 |
$11.69 |
$11.50 |
$11.58 |
50.70K | 04/26/2024 |
$11.67 |
$11.79 |
$11.63 |
$11.64 |
32.00K |
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Magic Software Enterprises is a global provider of: proprietary application development and business process integration platforms, selected packaged vertical software solutions, as well as a vendor of software services and Information Technologies (IT) outsourcing software services. Co. has two reportable business segments: software solutions (which include proprietary and non-proprietary software technology, maintenance and support and complementary services) and IT professional services. Co.'s software solutions are used by customers to develop, deploy and integrate on-premise, mobile and cloud-based business applications. Co. also provides selected verticals with a software solution. | |
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Magic Software Enterprises (MGIC) has the following price history information. Looking back at MGIC historical stock prices for the last five trading days, on April 22, 2024, MGIC opened at $11.60, traded as high as $11.71 and as low as $11.53, and closed at $11.59. Trading volume was a total of 48.50K shares. On April 23, 2024, MGIC opened at $11.67, traded as high as $11.79 and as low as $11.60, and closed at $11.75. Trading volume was a total of 53.50K shares. On April 24, 2024, MGIC opened at $11.82, traded as high as $11.82 and as low as $11.55, and closed at $11.61. Trading volume was a total of 29.70K shares. On April 25, 2024, MGIC opened at $11.61, traded as high as $11.69 and as low as $11.50, and closed at $11.58. Trading volume was a total of 50.70K shares. On April 26, 2024, MGIC opened at $11.67, traded as high as $11.79 and as low as $11.63, and closed at $11.64. Trading volume was a total of 32.00K shares.
MGIC Historical Stock Prices By Date:
Below, we examine the compound annual growth rate — CAGR for short — of an investment into Magic Software Enterprises shares, starting with a $10,000 purchase of MGIC, and working forward through the historical stock price information to today.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
04/29/2014 |
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End date: |
04/26/2024 |
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Start price/share: |
$8.10 |
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End price/share: |
$11.64 |
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Starting shares: |
1,234.57 |
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Ending shares: |
1,586.10 |
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Dividends reinvested/share: |
$2.85 |
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Total return: |
84.62% |
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Average Annual Total Return: |
6.32% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$18,456.51 |
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Years: |
10.00 |
|
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Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
04/29/2014 |
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End date: |
04/26/2024 |
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Start price/share: |
$8.10 |
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End price/share: |
$11.64 |
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Dividends collected/share: |
$2.85 |
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Total return: |
78.93% |
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Average Annual Total Return: |
5.99% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$17,891.59 |
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Years: |
10.00 |
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|
Date |
Close |
04/22/2024 | $11.59 | 04/23/2024 | $11.75 | 04/24/2024 | $11.61 | 04/25/2024 | $11.58 | 04/26/2024 | $11.64 |
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