Research Analysts Issue Forecasts for Nayax FY2024 Earnings

Nayax Ltd. (NASDAQ:NYAX) – Research analysts at B. Riley issued their FY2024 EPS estimates for shares of Nayax in a note issued to investors on Monday, November 18th. B. Riley analyst J. Nichols anticipates that the company will post earnings per share of ($0.17) for the year. B. Riley currently has a “Strong-Buy” rating on the stock. The consensus estimate for Nayax’s current full-year earnings is ($0.16) per share. B. Riley also issued estimates for Nayax’s Q4 2024 earnings at $0.02 EPS, FY2025 earnings at $0.57 EPS and FY2026 earnings at $1.30 EPS.

Nayax (NASDAQ:NYAX) last released its earnings results on Tuesday, November 12th. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $83.01 million during the quarter, compared to analysts’ expectations of $88.40 million. During the same quarter last year, the company earned ($0.09) earnings per share.

A number of other equities analysts also recently commented on NYAX. Keefe, Bruyette & Woods reduced their price objective on shares of Nayax from $27.00 to $25.00 and set a “market perform” rating for the company in a report on Thursday, August 8th. Oppenheimer began coverage on Nayax in a report on Tuesday, October 1st. They set a “market perform” rating for the company. Jefferies Financial Group upgraded shares of Nayax from a “hold” rating to a “buy” rating in a research report on Wednesday, October 30th. Finally, Barclays boosted their price target on shares of Nayax from $23.00 to $28.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 15th. Four research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $30.00.

Nayax Stock Down 2.9 %

Shares of NASDAQ NYAX opened at $27.28 on Thursday. Nayax has a one year low of $18.46 and a one year high of $30.99. The business has a fifty day simple moving average of $26.56 and a 200 day simple moving average of $24.84. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.16 and a current ratio of 1.25.

Institutional Investors Weigh In On Nayax

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Barclays PLC raised its stake in shares of Nayax by 5,526.8% in the 3rd quarter. Barclays PLC now owns 2,307 shares of the company’s stock valued at $58,000 after purchasing an additional 2,266 shares during the period. Public Employees Retirement System of Ohio acquired a new position in shares of Nayax during the third quarter worth about $69,000. Hood River Capital Management LLC bought a new position in shares of Nayax during the first quarter worth about $102,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Nayax by 16.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,915 shares of the company’s stock valued at $168,000 after buying an additional 1,099 shares during the last quarter. Finally, Ingalls & Snyder LLC bought a new stake in Nayax in the 2nd quarter valued at approximately $229,000. 34.87% of the stock is currently 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.