Nayax (NASDAQ:NYAX) Sets New 1-Year High – Here’s What Happened

Nayax Ltd. (NASDAQ:NYAX) reached a new 52-week high during trading on Monday . The stock traded as high as $40.24 and last traded at $40.08, with a volume of 3242 shares trading hands. The stock had previously closed at $39.00.

Wall Street Analysts Forecast Growth

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

Nayax Trading Up 0.8 %

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 business has a 50 day moving average of $31.96 and a 200-day moving average of $27.78. The firm has a market capitalization of $1.39 billion, a P/E ratio of -126.79 and a beta of 0.02.

Nayax (NASDAQ:NYAX) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. The business had revenue of $83.01 million during the quarter, compared to the consensus estimate of $88.40 million. Nayax had a negative return on equity of 7.32% and a negative net margin of 3.62%. During the same period last year, the company earned ($0.09) earnings per share. Analysts anticipate that Nayax Ltd. will post -0.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Y.D. More Investments Ltd raised its holdings in shares of Nayax by 42.7% in the 4th quarter. Y.D. More Investments Ltd now owns 1,183,988 shares of the company’s stock valued at $34,630,000 after purchasing an additional 354,350 shares during the period. Swedbank AB increased its position in Nayax by 44.5% during the fourth quarter. Swedbank AB now owns 300,000 shares of the company’s stock worth $8,748,000 after buying an additional 92,441 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in Nayax by 184.1% in the third quarter. Assenagon Asset Management S.A. now owns 177,874 shares of the company’s stock valued at $4,638,000 after buying an additional 115,262 shares during the period. Azora Capital LP boosted its stake in shares of Nayax by 4.9% during the 3rd quarter. Azora Capital LP now owns 100,685 shares of the company’s stock worth $2,583,000 after acquiring an additional 4,724 shares during the period. Finally, ARK Investment Management LLC increased its holdings in shares of Nayax by 1.7% during the 3rd quarter. ARK Investment Management LLC now owns 86,869 shares of the company’s stock worth $2,261,000 after acquiring an additional 1,445 shares during the last quarter. Institutional investors own 34.87% of the company’s stock.

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.