Nayax (NASDAQ:NYAX) Hits New 1-Year High – Time to Buy?

Shares of Nayax Ltd. (NASDAQ:NYAX) reached a new 52-week high on Friday . The company traded as high as $34.68 and last traded at $31.80, with a volume of 2991 shares trading hands. The stock had previously closed at $30.16.

Wall Street Analysts Forecast Growth

NYAX has been the topic of several recent research reports. B. Riley initiated coverage on Nayax in a research report on Tuesday, November 19th. They issued a “buy” rating and a $38.00 price target on the stock. Barclays upped their price target on Nayax from $23.00 to $28.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 15th. 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. Jefferies Financial Group raised shares of Nayax from a “hold” rating to a “buy” rating in a research note on Wednesday, October 30th. Finally, Oppenheimer began coverage on shares of Nayax in a report on Tuesday, October 1st. They issued a “market perform” rating on the stock. Four research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $31.25.

Nayax Price Performance

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 company has a fifty day moving average price of $28.35 and a two-hundred day moving average price of $25.41. The firm has a market cap of $1.12 billion, a P/E ratio of -102.32 and a beta of -0.07.

Nayax (NASDAQ:NYAX) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. Nayax had a negative net margin of 3.62% and a negative return on equity of 7.32%. 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 firm posted ($0.09) earnings per share. Equities analysts anticipate that Nayax Ltd. will post -0.16 earnings per share for the current year.

Institutional Trading of Nayax

Institutional investors have recently modified their holdings of the company. Barclays PLC grew its holdings in shares of Nayax by 5,526.8% during the third quarter. Barclays PLC now owns 2,307 shares of the company’s stock worth $58,000 after buying an additional 2,266 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in Nayax during the 3rd quarter worth approximately $69,000. Hood River Capital Management LLC grew its stake in shares of Nayax by 35.8% during the 2nd quarter. Hood River Capital Management LLC now owns 5,313 shares of the company’s stock worth $116,000 after acquiring an additional 1,401 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of 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 during the last quarter. Finally, Altshuler Shaham Ltd bought a new stake in shares of Nayax in the second quarter worth $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.