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

Shares of Nayax Ltd. (NASDAQ:NYAX) saw unusually-high trading volume on Tuesday . Approximately 3,230 shares were traded during trading, a decline of 61% from the previous session’s volume of 8,319 shares.The stock last traded at $29.58 and had previously closed at $29.26.

Analysts Set New Price Targets

A number of analysts have weighed in on NYAX shares. Oppenheimer began coverage on shares of Nayax in a report on Tuesday, October 1st. They set a “market perform” rating on the stock. Jefferies Financial Group upgraded shares of Nayax from a “hold” rating to a “buy” rating in a research note on Wednesday, October 30th. Keefe, Bruyette & Woods decreased their target price on Nayax from $27.00 to $25.00 and set a “market perform” rating for the company in a research note on Thursday, August 8th. Barclays upped their target price on Nayax from $23.00 to $28.00 and gave the company an “equal weight” rating in a report on Tuesday, October 15th. Finally, B. Riley assumed coverage on Nayax in a report on Tuesday, November 19th. They issued a “buy” rating and a $38.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Nayax has a consensus rating of “Moderate Buy” and a consensus target price of $30.00.

Nayax Trading Up 2.2 %

The firm’s 50-day simple moving average is $27.02 and its 200 day simple moving average is $24.86. The stock has a market cap of $1.05 billion, a P/E ratio of -95.93 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.

Nayax (NASDAQ:NYAX) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during 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 anticipate that Nayax Ltd. will post -0.16 earnings per share for the current year.

Institutional Investors Weigh In On Nayax

A number of hedge funds and other institutional investors have recently modified their holdings of NYAX. Barclays PLC increased 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 buying an additional 2,266 shares during the period. Public Employees Retirement System of Ohio acquired a new position in shares of Nayax during the third quarter valued at approximately $69,000. Hood River Capital Management LLC increased its stake in shares of Nayax by 35.8% during the second quarter. Hood River Capital Management LLC now owns 5,313 shares of the company’s stock valued at $116,000 after acquiring an additional 1,401 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Nayax by 16.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,915 shares of the company’s stock worth $168,000 after purchasing an additional 1,099 shares in the last quarter. Finally, Ingalls & Snyder LLC acquired a new stake in Nayax in the second quarter worth approximately $229,000. 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.