Nayax (NASDAQ:NYAX) Trading Up 0.3% – What’s Next?

Nayax Ltd. (NASDAQ:NYAX) shares rose 0.3% during mid-day trading on Tuesday . The stock traded as high as $28.80 and last traded at $28.80. Approximately 3,898 shares were traded during trading, a decline of 55% from the average daily volume of 8,625 shares. The stock had previously closed at $28.71.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Barclays increased their price objective on Nayax from $23.00 to $28.00 and gave the company an “equal weight” rating in a report on Tuesday, October 15th. Oppenheimer began coverage on Nayax in a research note on Tuesday, October 1st. They issued a “market perform” rating for the company. B. Riley started coverage on Nayax in a report on Tuesday, November 19th. They set a “buy” rating and a $38.00 target price for the company. Jefferies Financial Group upgraded shares of Nayax from a “hold” rating to a “buy” rating in a research note on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Nayax from $28.00 to $30.00 and gave the stock a “market perform” rating in a research note on Monday, December 9th. Four investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $31.25.

Nayax Stock Performance

The stock’s 50-day moving average is $28.18 and its 200-day moving average is $25.31. The company has a current ratio of 1.25, a quick ratio of 1.16 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of -94.61 and a beta of -0.07.

Nayax (NASDAQ:NYAX) last released its quarterly earnings results on Tuesday, November 12th. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. Nayax had a negative return on equity of 7.32% and a negative net margin of 3.62%. The firm had revenue of $83.01 million for the quarter, compared to analyst estimates of $88.40 million. During the same quarter in the previous year, the company posted ($0.09) EPS. On average, analysts predict that Nayax Ltd. will post -0.16 EPS for the current fiscal year.

Hedge Funds Weigh In On Nayax

Institutional investors and hedge funds have recently modified their holdings of the business. Barclays PLC increased its holdings in Nayax by 5,526.8% during the 3rd quarter. Barclays PLC now owns 2,307 shares of the company’s stock worth $58,000 after purchasing an additional 2,266 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Nayax during the 3rd quarter valued at approximately $69,000. Hood River Capital Management LLC increased its position in shares of Nayax by 35.8% during the second quarter. Hood River Capital Management LLC now owns 5,313 shares of the company’s stock valued at $116,000 after buying an additional 1,401 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Nayax by 16.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,915 shares of the company’s stock valued at $168,000 after purchasing an additional 1,099 shares in the last quarter. Finally, Altshuler Shaham Ltd purchased a new position in shares of Nayax in the 2nd quarter worth about $1,010,000. 34.87% of the stock is currently owned by institutional investors.

About Nayax

Nayax Ltd., a fintech company, operates system and payment platform for multiple retailers in the United States, Europe, the United Kingdom, Australia, Israel, and rest of the world. The company offers AMIT 3.0, a machine-to-machine vending telemetry solution; Nayax Core, a management and monitoring software for vending machines and other unattended machines; MoMa, a mobile app for unattended machine; Tigapo back-office software suite, a cloud-based platform; EV Core, a smart, cloud-based management platform; Retail Management Cloud, a comprehensive attended retail management platform; Loyalty and Marketing Suite, a consumer engagement marketing and loyalty platform; Monyx Wallet, a digital wallet app enabling cashless payments with mobile phones; Weezmo, a consumer engagement and marketing platform; and Tigapo app, a proprietary mobile app to help family entertainment center businesses.