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

Nayax Ltd. (NASDAQ:NYAX) shares saw unusually-high trading volume on Monday . Approximately 3,844 shares were traded during trading, a decline of 50% from the previous session’s volume of 7,689 shares.The stock last traded at $37.73 and had previously closed at $39.35.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Keefe, Bruyette & Woods lifted their price target on shares of Nayax from $33.00 to $38.00 and gave the company a “market perform” rating in a report on Thursday, March 6th. B. Riley reissued a “buy” rating and set a $44.00 price target (up previously from $42.00) on shares of Nayax in a research report on Wednesday, March 5th. Finally, William Blair upgraded Nayax from a “market perform” rating to an “outperform” rating in a report on Tuesday, April 1st. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $34.75.

Nayax Stock Performance

The company has a quick ratio of 1.16, a current ratio of 1.25 and a debt-to-equity ratio of 0.11. The company has a market cap of $1.36 billion, a price-to-earnings ratio of -123.38 and a beta of 0.23. The stock has a 50 day simple moving average of $36.46 and a 200 day simple moving average of $32.39.

Hedge Funds Weigh In On Nayax

A number of institutional investors and hedge funds have recently bought and sold shares of NYAX. Bank of America Corp DE increased its stake 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 buying an additional 1,353 shares during the period. Barclays PLC grew its stake in 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 purchasing an additional 2,266 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Nayax in the 3rd quarter valued at approximately $69,000. Citadel Advisors LLC purchased a new position in shares of Nayax during the 4th quarter valued at approximately $217,000. Finally, Verdence Capital Advisors LLC acquired a new stake in shares of Nayax during the fourth quarter worth approximately $326,000. Hedge funds and other 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.