Nayax (NASDAQ:NYAX) Sees Large Volume Increase – Should You Buy?

Nayax Ltd. (NASDAQ:NYAX) saw unusually-strong trading volume on Thursday . Approximately 11,443 shares were traded during trading, an increase of 46% from the previous session’s volume of 7,837 shares.The stock last traded at $37.82 and had previously closed at $37.09.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Barclays boosted their target price on shares of Nayax from $23.00 to $28.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 15th. Jefferies Financial Group raised shares of Nayax from a “hold” rating to a “buy” rating in a research note on Wednesday, October 30th. B. Riley assumed coverage on shares of Nayax in a research note on Tuesday, November 19th. They issued a “buy” rating and a $38.00 target price for the company. Finally, Keefe, Bruyette & Woods boosted their price target on Nayax from $28.00 to $30.00 and gave the company a “market perform” rating in a report on Monday, December 9th. Four equities research 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 company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $31.25.

Nayax Stock Down 0.1 %

The company has a debt-to-equity ratio of 0.11, a current ratio of 1.25 and a quick ratio of 1.16. The business’s fifty day moving average is $30.76 and its 200-day moving average is $27.09.

Nayax (NASDAQ:NYAX) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.02 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 the consensus estimate of $88.40 million. During the same period in the prior year, the firm posted ($0.09) EPS. On average, research analysts predict that Nayax Ltd. will post -0.16 earnings per share for the current year.

Institutional Trading of Nayax

A number of institutional investors have recently modified their holdings of the company. Swedbank AB grew its stake in Nayax by 107.6% during the third quarter. Swedbank AB now owns 207,559 shares of the company’s stock worth $5,233,000 after buying an additional 107,559 shares during the period. Assenagon Asset Management S.A. boosted its position in Nayax by 184.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 177,874 shares of the company’s stock worth $4,638,000 after purchasing an additional 115,262 shares during the period. ARK Investment Management LLC boosted its position in Nayax by 1.7% during the 3rd quarter. ARK Investment Management LLC now owns 86,869 shares of the company’s stock worth $2,261,000 after purchasing an additional 1,445 shares during the period. Azora Capital LP increased its holdings in Nayax by 4.9% in the 3rd quarter. Azora Capital LP now owns 100,685 shares of the company’s stock valued at $2,583,000 after purchasing an additional 4,724 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in Nayax in the third quarter valued at about $69,000. Hedge funds and other 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.