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

Shares of Nayax Ltd. (NASDAQ:NYAX) gapped down before the market opened on Tuesday . The stock had previously closed at $29.09, but opened at $25.91. Nayax shares last traded at $25.95, with a volume of 3,292 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on NYAX shares. Jefferies Financial Group raised shares of Nayax from a “hold” rating to a “buy” rating in a research report on Wednesday, October 30th. Oppenheimer assumed coverage on shares of Nayax in a research report on Tuesday, October 1st. They set a “market perform” rating for the company. Keefe, Bruyette & Woods lowered their price target on Nayax from $27.00 to $25.00 and set a “market perform” rating on the stock in a research report on Thursday, August 8th. Finally, Barclays boosted their price objective on Nayax from $23.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 15th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Nayax presently has an average rating of “Hold” and a consensus price target of $27.33.

Nayax Trading Up 6.7 %

The company has a current ratio of 1.25, a quick ratio of 1.17 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $992.88 million, a P/E ratio of -90.32 and a beta of -0.08. The business’s fifty day simple moving average is $26.16 and its two-hundred day simple moving average is $24.80.

Institutional Investors Weigh In On Nayax

Several hedge funds have recently made changes to their positions in the stock. Swedbank AB acquired a new position in Nayax in the 1st quarter valued at approximately $2,620,000. Y.D. More Investments Ltd acquired a new position in shares of Nayax in the second quarter valued at $14,790,000. Allspring Global Investments Holdings LLC bought a new position in Nayax in the second quarter worth $1,673,000. Baillie Gifford & Co. boosted its stake in Nayax by 1.2% during the second quarter. Baillie Gifford & Co. now owns 50,086 shares of the company’s stock worth $1,072,000 after buying an additional 616 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in Nayax by 184.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 177,874 shares of the company’s stock valued at $4,638,000 after buying an additional 115,262 shares during the period. 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.