Nayax (NASDAQ:NYAX) Stock Price Up 4% – What’s Next?

Shares of Nayax Ltd. (NASDAQ:NYAX) shot up 4% during trading on Thursday . The stock traded as high as $34.76 and last traded at $34.96. 993 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 7,844 shares. The stock had previously closed at $33.62.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on NYAX shares. Keefe, Bruyette & Woods increased their price objective on shares of Nayax from $33.00 to $38.00 and gave the company a “market perform” rating in a research note on Thursday, March 6th. B. Riley reiterated a “buy” rating and set a $44.00 price target (up from $42.00) on shares of Nayax in a report on Wednesday, March 5th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $34.75.

Nayax Price Performance

The business’s fifty day moving average is $36.86 and its 200 day moving average is $31.07. The company has a market cap of $1.20 billion, a P/E ratio of -109.51 and a beta of 0.08. The company has a current ratio of 1.25, a quick ratio of 1.16 and a debt-to-equity ratio of 0.11.

Institutional Investors Weigh In On Nayax

Large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its holdings in Nayax by 920.4% during the 4th quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock worth $44,000 after purchasing an additional 1,353 shares in the last quarter. Barclays PLC boosted 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 in the last quarter. Public Employees Retirement System of Ohio bought a new stake in Nayax in the third quarter valued at approximately $69,000. Citadel Advisors LLC bought a new stake in Nayax in the 4th quarter worth $217,000. Finally, Verdence Capital Advisors LLC purchased a new position in shares of Nayax in the fourth quarter valued at about $326,000. Hedge funds and other institutional investors own 34.87% of the company’s stock.

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.