Nayax (NASDAQ:NYAX) Sets New 52-Week High – Here’s What Happened

Nayax Ltd. (NASDAQ:NYAX)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $40.24 and last traded at $40.08, with a volume of 3242 shares traded. The stock had previously closed at $39.00.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. 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 research note on Monday, December 9th. B. Riley began coverage on shares of Nayax in a research note on Tuesday, November 19th. They issued a “buy” rating and a $38.00 target price on the stock. Jefferies Financial Group upgraded shares of Nayax from a “hold” rating to a “buy” rating in a research report on Wednesday, October 30th. Finally, Barclays lifted their price target on shares of Nayax from $23.00 to $28.00 and gave the company an “equal weight” rating in a report on Tuesday, October 15th. Four analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Nayax presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.25.

Nayax Price Performance

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 firm has a market capitalization of $1.41 billion, a P/E ratio of -128.29 and a beta of 0.02. The company’s 50 day moving average price is $32.17 and its 200 day moving average price is $27.91.

Nayax (NASDAQ:NYAX) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.01. The firm had revenue of $83.01 million during the quarter, compared to analysts’ expectations of $88.40 million. Nayax had a negative return on equity of 7.32% and a negative net margin of 3.62%. During the same period in the previous year, the business posted ($0.09) EPS. As a group, sell-side analysts anticipate that Nayax Ltd. will post -0.16 EPS for the current fiscal year.

Institutional Investors Weigh In On Nayax

Institutional investors and hedge funds have recently modified their holdings of the business. Y.D. More Investments Ltd grew its stake in shares of Nayax by 42.7% during the fourth quarter. Y.D. More Investments Ltd now owns 1,183,988 shares of the company’s stock worth $34,630,000 after purchasing an additional 354,350 shares during the period. Swedbank AB increased its position in shares of Nayax by 44.5% in the 4th quarter. Swedbank AB now owns 300,000 shares of the company’s stock valued at $8,748,000 after buying an additional 92,441 shares in the last quarter. Assenagon Asset Management S.A. raised its stake 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 buying an additional 115,262 shares during the period. Azora Capital LP raised its position in shares of Nayax by 4.9% during the third quarter. Azora Capital LP now owns 100,685 shares of the company’s stock worth $2,583,000 after purchasing an additional 4,724 shares during the period. Finally, ARK Investment Management LLC lifted its stake in Nayax by 1.7% in the third quarter. ARK Investment Management LLC now owns 86,869 shares of the company’s stock valued at $2,261,000 after buying an additional 1,445 shares in the last quarter. 34.87% of the stock is 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.