Corporate Performance Update: Formula (FORTY.TA) and Peer Movements
The Tel Aviv Stock Exchange witnessed a modest uptick in the trading session that concluded at 01:29 AM Central Europe on Wednesday, 21 September 2026. Formula (FORTY.TA) rose by 0.99 %, reflecting a steady, if not spectacular, momentum for the software‑consulting specialist.
Formula (FORTY.TA) in Detail
- Current share price: Approximately ILA 36,380 on the main exchanges.
- Outstanding shares: 153.2 k.
- Market capitalisation: ILA 1.8 billion.
- Volume over the past 24 hours: ILA 884 million.
- Recent trend: Up 2.48 % since the end of the previous month.
- 200‑day simple moving average: ILA 38,293.5 – the share is trading slightly below its long‑term average.
- 52‑week range: Highest at ILA 58,250 (12 October 2025); lowest at ILA 29,620 (29 June 2026).
The company’s share price movement has remained relatively contained, suggesting that investors are holding a cautious, yet optimistic, view as the firm continues to expand its footprint across telecommunications, banking, insurance, public utilities, airports, travel, and retail sectors.
Peer Activity – A 24‑Hour Snapshot
| Stock | Ticker | Recent change | Current price | Market cap | Notable ratio |
|---|---|---|---|---|---|
| Rocketdna | RKT.AX | +11.36 % | AUD 0.02 | AUD 29.5 million | – |
| Mind Cti | MNDO | –2.15 % | USD 0.91 | USD 18.4 million | P/E 5.81 |
| Lifeward | LFWD | –1.17 % | USD 5.61 | USD 16.7 million | – |
| Rise Nano Optics | EYE.CN | –10 % | CAD 0.45 | CAD 18.3 million | – |
| Delta Galil | DELG.TA | –0.17 % | ILA 17,870 | ILA 1.5 billion | P/E 14.9 |
While Formula’s modest rise keeps it firmly in the middle of the pack, Rocketdna’s sharp 11 % surge underscores the volatility that can arise from niche technology segments. In contrast, Delta Galil’s near‑flat movement and the sharp decline of Rise Nano Optics illustrate the challenges faced by firms in highly competitive sectors.
Strategic Context
Formula Systems 1985 Ltd. was founded in 1985 and went public on 21 October 1997. With a diversified portfolio of software consulting and business‑solutions offerings, the company has positioned itself as a key player across a spectrum of industries that increasingly rely on digital transformation. Its recent performance—stable pricing relative to its 200‑day average and a solid market cap—suggests that the market acknowledges its strategic footing while remaining vigilant to external pressures such as shifting regulatory environments and rapid technological change.
Outlook
The forthcoming weeks will likely bring renewed focus on how Formula leverages emerging technologies—particularly artificial intelligence and cloud‑based solutions—to deepen its market penetration. Investors may look to the company’s earnings guidance, cash‑flow metrics, and any announced partnership or acquisition activity for further insight into its trajectory.
This article provides a comprehensive snapshot of Formula’s recent trading performance and contextualises it within the broader activity of comparable companies on the Tel Aviv Stock Exchange.
