Nayax (NASDAQ:NYAX) Announces Quarterly Earnings Results

Nayax (NASDAQ:NYAX) released its earnings results on Tuesday. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.01, Zacks reports. Nayax had a negative return on equity of 7.32% and a negative net margin of 3.62%. Nayax updated its FY 2025 guidance to EPS.

Nayax Stock Up 0.5 %

Shares of Nayax stock opened at $37.15 on Tuesday. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of -119.83 and a beta of 0.02. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.25 and a quick ratio of 1.16. Nayax has a 52-week low of $20.31 and a 52-week high of $40.70. The stock has a 50-day simple moving average of $35.51 and a 200-day simple moving average of $29.65.

Institutional Investors Weigh In On Nayax

A hedge fund recently raised its stake in Nayax stock. Bank of America Corp DE grew its position in shares of Nayax Ltd. (NASDAQ:NYAX) by 920.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,500 shares of the company’s stock after buying an additional 1,353 shares during the quarter. Bank of America Corp DE’s holdings in Nayax were worth $44,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 34.87% of the company’s stock.

Analyst Ratings Changes

NYAX has been the topic of several research analyst reports. B. Riley initiated coverage on Nayax in a research note on Tuesday, November 19th. They set a “buy” rating and a $38.00 target price on the stock. Keefe, Bruyette & Woods lifted their target price on Nayax from $28.00 to $30.00 and gave the company a “market perform” rating in a research note on Monday, December 9th. Four investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Nayax has a consensus rating of “Moderate Buy” and a consensus price target of $31.25.

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.