Nayax (NASDAQ:NYAX) Hits New 1-Year High – Here’s Why

Nayax Ltd. (NASDAQ:NYAX)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $38.92 and last traded at $38.90, with a volume of 2910 shares trading hands. The stock had previously closed at $38.78.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Jefferies Financial Group raised Nayax from a “hold” rating to a “buy” rating in a research report on Wednesday, October 30th. B. Riley initiated coverage on Nayax in a research report on Tuesday, November 19th. They issued a “buy” rating and a $38.00 price objective for the company. Keefe, Bruyette & Woods raised 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. Finally, Barclays upped their target price on shares of Nayax from $23.00 to $28.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 15th. Four equities 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 company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $31.25.

Nayax Trading Down 0.1 %

The business has a 50-day moving average price of $31.37 and a 200-day moving average price of $27.48. The company has a quick ratio of 1.16, a current ratio of 1.25 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $1.41 billion, a P/E ratio of -128.56 and a beta of 0.02.

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

Institutional Investors Weigh In On Nayax

Institutional investors have recently added to or reduced their stakes in the stock. Y.D. More Investments Ltd boosted its stake in 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 buying an additional 354,350 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Nayax by 184.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 177,874 shares of the company’s stock valued at $4,638,000 after purchasing an additional 115,262 shares in the last quarter. Swedbank AB grew its holdings in shares of Nayax by 107.6% in the 3rd quarter. Swedbank AB now owns 207,559 shares of the company’s stock worth $5,233,000 after purchasing an additional 107,559 shares during the last quarter. Azora Capital LP increased its position 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 purchasing an additional 4,724 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in Nayax during the 3rd quarter valued at about $69,000. 34.87% of the stock is owned by institutional investors and hedge funds.

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.