Nayax (NASDAQ:NYAX) Sees Strong Trading Volume – What’s Next?

Nayax Ltd. (NASDAQ:NYAX) saw strong trading volume on Monday . 6,531 shares changed hands during trading, a decline of 17% from the previous session’s volume of 7,860 shares.The stock last traded at $34.40 and had previously closed at $34.60.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Keefe, Bruyette & Woods upped their target price on Nayax from $33.00 to $38.00 and gave the stock a “market perform” rating in a report on Thursday, March 6th. B. Riley reissued a “buy” rating and issued a $44.00 price target (up from $42.00) on shares of Nayax in a research report on Wednesday, March 5th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Nayax has a consensus rating of “Hold” and a consensus target price of $34.75.

Nayax Stock Performance

The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.16 and a current ratio of 1.25. The business has a 50-day moving average price of $36.87 and a 200 day moving average price of $30.80. The stock has a market capitalization of $1.24 billion, a P/E ratio of -112.87 and a beta of 0.08.

Hedge Funds Weigh In On Nayax

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its position in Nayax by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 27,976 shares of the company’s stock valued at $828,000 after acquiring an additional 650 shares in the last quarter. Baillie Gifford & Co. lifted its position in Nayax by 2.3% in the 4th quarter. Baillie Gifford & Co. now owns 51,247 shares of the company’s stock valued at $1,517,000 after acquiring an additional 1,161 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Nayax by 920.4% during the 4th quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock valued at $44,000 after buying an additional 1,353 shares during the period. Barclays PLC lifted its holdings in shares of Nayax by 5,526.8% during the 3rd quarter. Barclays PLC now owns 2,307 shares of the company’s stock valued at $58,000 after buying an additional 2,266 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Nayax during the 3rd quarter valued at $69,000. 34.87% of the stock is owned by institutional investors.

Nayax Company Profile

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.