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 Video: Compound Annual Growth Rate (CAGR) Definition
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| Date |
Open |
High |
Low |
Close |
Volume |
| 04/15/2024 |
$11.91 |
$11.94 |
$11.71 |
$11.83 |
55.20K | | 04/16/2024 |
$11.84 |
$11.91 |
$11.48 |
$11.66 |
104.70K | | 04/17/2024 |
$11.61 |
$11.71 |
$11.39 |
$11.62 |
78.20K | | 04/18/2024 |
$11.61 |
$11.62 |
$11.32 |
$11.45 |
59.30K | | 04/19/2024 |
$11.35 |
$11.55 |
$11.35 |
$11.55 |
44.40K |
|
|
| 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 15, 2024, MGIC opened at $11.91, traded as high as $11.94 and as low as $11.71, and closed at $11.83. Trading volume was a total of 55.20K shares. On April 16, 2024, MGIC opened at $11.84, traded as high as $11.91 and as low as $11.48, and closed at $11.66. Trading volume was a total of 104.70K shares. On April 17, 2024, MGIC opened at $11.61, traded as high as $11.71 and as low as $11.39, and closed at $11.62. Trading volume was a total of 78.20K shares. On April 18, 2024, MGIC opened at $11.61, traded as high as $11.62 and as low as $11.32, and closed at $11.45. Trading volume was a total of 59.30K shares. On April 19, 2024, MGIC opened at $11.35, traded as high as $11.55 and as low as $11.35, and closed at $11.55. Trading volume was a total of 44.40K 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
|
| Start date: |
04/22/2014 |
|
| End date: |
04/19/2024 |
|
| Start price/share: |
$8.40 |
|
| End price/share: |
$11.55 |
|
| Starting shares: |
1,190.48 |
|
| Ending shares: |
1,529.45 |
|
| Dividends reinvested/share: |
$2.85 |
|
| Total return: |
76.65% |
|
| Average Annual Total Return: |
5.86% |
|
| Starting investment: |
$10,000.00 |
|
| Ending investment: |
$17,673.35 |
|
| Years: |
10.00 |
|
| |
Growth of $10,000.00
Without Dividends Reinvested
|
| Start date: |
04/22/2014 |
|
| End date: |
04/19/2024 |
|
| Start price/share: |
$8.40 |
|
| End price/share: |
$11.55 |
|
| Dividends collected/share: |
$2.85 |
|
| Total return: |
71.46% |
|
| Average Annual Total Return: |
5.54% |
|
| Starting investment: |
$10,000.00 |
|
| Ending investment: |
$17,146.32 |
|
| Years: |
10.00 |
|
|
|
| Date |
Close |
| 04/15/2024 | $11.83 | | 04/16/2024 | $11.66 | | 04/17/2024 | $11.62 | | 04/18/2024 | $11.45 | | 04/19/2024 | $11.55 |
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