Nayax (NASDAQ:NYAX) Shares Gap Up – What’s Next?

Nayax Ltd. (NASDAQ:NYAX) gapped up prior to trading on Thursday . The stock had previously closed at $45.19, but opened at $47.56. Nayax shares last traded at $47.09, with a volume of 5,660 shares.

Wall Street Analyst Weigh In

NYAX has been the subject of several analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Nayax in a report on Wednesday, October 8th. Keefe, Bruyette & Woods decreased their target price on shares of Nayax from $50.00 to $47.00 and set a “market perform” rating for the company in a report on Thursday, November 20th. Wall Street Zen cut shares of Nayax from a “buy” rating to a “hold” rating in a report on Saturday, November 22nd. UBS Group raised their price target on shares of Nayax from $43.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, November 21st. Finally, Zacks Research cut Nayax from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 20th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $47.33.

Nayax Stock Performance

The business’s fifty day moving average price is $44.72 and its 200-day moving average price is $45.55. The stock has a market cap of $1.67 billion, a PE ratio of 73.58 and a beta of 0.19. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.62 and a current ratio of 1.71.

Nayax (NASDAQ:NYAX) last issued its quarterly earnings data on Wednesday, November 19th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.12). Nayax had a net margin of 6.49% and a return on equity of 6.51%. The company had revenue of $104.28 million for the quarter, compared to the consensus estimate of $109.51 million. As a group, equities research analysts forecast that Nayax Ltd. will post -0.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Citadel Advisors LLC bought a new stake in shares of Nayax during the 3rd quarter valued at about $223,000. Bank of America Corp DE boosted its holdings in shares of Nayax by 254.9% in the third quarter. Bank of America Corp DE now owns 1,331 shares of the company’s stock worth $63,000 after buying an additional 956 shares during the last quarter. Alliancebernstein L.P. bought a new stake in Nayax during the third quarter valued at approximately $128,000. ARK Investment Management LLC increased its holdings in Nayax by 3.2% during the third quarter. ARK Investment Management LLC now owns 43,117 shares of the company’s stock valued at $2,058,000 after buying an additional 1,331 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in Nayax by 4,022.5% in the third quarter. Vanguard Group Inc. now owns 548,788 shares of the company’s stock worth $26,210,000 after acquiring an additional 535,476 shares during the period. 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.