Nayax (NASDAQ:NYAX) Stock Price Up 5.4%

Nayax Ltd. (NASDAQ:NYAX)’s share price was up 5.4% during mid-day trading on Wednesday . The stock traded as high as $26.00 and last traded at $25.80. Approximately 2,158 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 10,730 shares. The stock had previously closed at $24.47.

Nayax Trading Up 5.0 %

The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 0.19. The business’s 50 day simple moving average is $26.35 and its 200 day simple moving average is $22.50.

Nayax (NASDAQ:NYAX) last posted its quarterly earnings results on Wednesday, February 28th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.04). Nayax had a negative return on equity of 15.96% and a negative net margin of 6.75%. The business had revenue of $66.60 million during the quarter, compared to the consensus estimate of $67.50 million. As a group, analysts expect that Nayax Ltd. will post 0.08 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Barclays PLC lifted its position in shares of Nayax by 873.7% in the second quarter. Barclays PLC now owns 1,480 shares of the company’s stock worth $28,000 after buying an additional 1,328 shares in the last quarter. Tower Research Capital LLC TRC purchased a new stake in shares of Nayax during the 3rd quarter worth approximately $47,000. Credit Suisse AG bought a new position in shares of Nayax during the 3rd quarter valued at approximately $123,000. Citigroup Inc. grew its holdings in shares of Nayax by 1,334.9% in the first quarter. Citigroup Inc. now owns 5,625 shares of the company’s stock valued at $95,000 after purchasing an additional 5,233 shares in the last quarter. Finally, UBS Group AG increased its position in Nayax by 621.3% in the third quarter. UBS Group AG now owns 6,355 shares of the company’s stock worth $155,000 after purchasing an additional 5,474 shares during the last quarter. Institutional investors own 34.87% of the company’s stock.

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.