Nayax (NASDAQ:NYAX) Shares Gap Down – Time to Sell?

Nayax Ltd. (NASDAQ:NYAX) gapped down before the market opened on Monday . The stock had previously closed at $56.25, but opened at $53.25. Nayax shares last traded at $54.8970, with a volume of 16,993 shares.

Wall Street Analyst Weigh In

NYAX has been the subject of a number of analyst reports. Zacks Research raised shares of Nayax from a “strong sell” rating to a “hold” rating in a report on Monday, January 19th. Keefe, Bruyette & Woods boosted their target price on shares of Nayax from $52.00 to $60.00 and gave the company a “market perform” rating in a report on Tuesday. Wall Street Zen cut shares of Nayax from a “buy” rating to a “hold” rating in a research note on Saturday, November 22nd. UBS Group raised their target price on Nayax from $43.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, November 21st. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Nayax in a research note on Thursday, January 22nd. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Nayax currently has an average rating of “Hold” and a consensus price target of $51.67.

Nayax Stock Performance

The company has a quick ratio of 1.62, a current ratio of 1.71 and a debt-to-equity ratio of 0.75. The firm has a 50-day moving average price of $55.79 and a 200 day moving average price of $49.55. The firm has a market capitalization of $2.17 billion, a PE ratio of 62.25 and a beta of 0.19.

Institutional Trading of Nayax

A number of institutional investors and hedge funds have recently bought and sold shares of NYAX. Russell Investments Group Ltd. boosted its stake in shares of Nayax by 210.5% in the second quarter. Russell Investments Group Ltd. now owns 590 shares of the company’s stock valued at $30,000 after purchasing an additional 400 shares during the period. Osaic Holdings Inc. purchased a new position in Nayax in the 2nd quarter valued at approximately $33,000. Bank of America Corp DE grew its stake in shares of Nayax by 920.4% in the fourth quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock worth $44,000 after acquiring an additional 1,353 shares in the last quarter. Smartleaf Asset Management LLC purchased a new position in Nayax in the fourth quarter valued at $69,000. Finally, Alliancebernstein L.P. acquired a new position in Nayax during the 3rd quarter worth $128,000. 34.87% of the stock is currently owned by hedge funds and other institutional investors.

Nayax Company Profile

Nayax Ltd. is a global fintech company specializing in cashless payment solutions, telematics and management services for unattended retail environments. Founded in 2005 and headquartered in Israel, Nayax develops hardware and software platforms that enable vending machines, kiosks, laundromats, e-commerce and self-checkout points to accept a wide range of payment methods, including credit and debit cards, mobile wallets and contactless NFC transactions.

The company’s product portfolio comprises proprietary point-of-sale terminals—such as the VPOS and Carbon series—as well as a cloud-based management suite known as the Monyx platform.