Nayax (NASDAQ:NYAX) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Nayax Ltd. (NASDAQ:NYAX) saw unusually-high trading volume on Tuesday . Approximately 3,230 shares traded hands during mid-day 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.

Wall Street Analyst Weigh In

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

Nayax Stock Up 2.2 %

The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.16 and a current ratio of 1.25. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of -95.93 and a beta of -0.08. The business’s 50 day moving average is $27.02 and its 200 day moving average is $24.86.

Nayax (NASDAQ:NYAX) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm 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 business earned ($0.09) EPS. Equities analysts expect that Nayax Ltd. will post -0.16 earnings per share for the current year.

Institutional Trading of Nayax

Several institutional investors have recently made changes to their positions in NYAX. Barclays PLC increased its stake in Nayax by 5,526.8% in 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 purchased a new position in shares of Nayax during the 3rd quarter valued at $69,000. Hood River Capital Management LLC increased its stake in shares of Nayax by 35.8% in the second quarter. Hood River Capital Management LLC now owns 5,313 shares of the company’s stock worth $116,000 after acquiring an additional 1,401 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of 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 acquiring an additional 1,099 shares in the last quarter. Finally, Ingalls & Snyder LLC acquired a new stake in Nayax during the second quarter valued at $229,000. 34.87% of the stock is currently owned by institutional investors and hedge funds.

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.