Nayax (NASDAQ:NYAX) Sees Unusually-High Trading Volume – Here’s What Happened

Nayax Ltd. (NASDAQ:NYAX) shares saw an uptick in trading volume on Thursday . 11,443 shares traded hands during trading, an increase of 46% from the previous session’s volume of 7,837 shares.The stock last traded at $37.82 and had previously closed at $37.09.

Wall Street Analyst Weigh In

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

Nayax Stock Performance

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 company has a 50 day simple moving average of $30.76 and a 200-day simple moving average of $27.09.

Nayax (NASDAQ:NYAX) last posted 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. Nayax had a negative return on equity of 7.32% and a negative net margin of 3.62%. The business had revenue of $83.01 million for the quarter, compared to analyst estimates of $88.40 million. During the same period in the prior year, the company posted ($0.09) EPS. As a group, equities research analysts predict that Nayax Ltd. will post -0.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of NYAX. Y.D. More Investments Ltd raised its stake in Nayax by 42.7% during the fourth quarter. Y.D. More Investments Ltd now owns 1,183,988 shares of the company’s stock worth $34,630,000 after acquiring an additional 354,350 shares during the period. Assenagon Asset Management S.A. grew its holdings in shares of Nayax by 184.1% during the third 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 during the last quarter. Swedbank AB raised its position in shares of Nayax by 107.6% during 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 period. Azora Capital LP lifted its holdings in shares of Nayax by 4.9% in 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 during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in Nayax during the 3rd quarter valued at approximately $69,000. 34.87% of the stock is currently 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.