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

Nayax Ltd. (NASDAQ:NYAX)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $37.31 and last traded at $37.03, with a volume of 2023 shares. The stock had previously closed at $36.45.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on NYAX. Keefe, Bruyette & Woods raised their target price on shares of Nayax from $28.00 to $30.00 and gave the company a “market perform” rating in a research note on Monday, December 9th. Jefferies Financial Group raised Nayax from a “hold” rating to a “buy” rating in a research report on Wednesday, October 30th. B. Riley initiated coverage on shares of Nayax in a research note on Tuesday, November 19th. They issued a “buy” rating and a $38.00 price target on the stock. Finally, Barclays increased their price objective on Nayax from $23.00 to $28.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 15th. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $31.25.

Nayax Trading Down 0.1 %

The company has a quick ratio of 1.16, a current ratio of 1.25 and a debt-to-equity ratio of 0.11. The stock’s 50 day moving average is $30.76 and its 200-day moving average is $27.09. The company has a market cap of $1.38 billion, a PE ratio of -125.09 and a beta of -0.03.

Nayax (NASDAQ:NYAX) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.02 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $88.40 million. During the same period in the prior year, the business posted ($0.09) earnings per share. As a group, sell-side analysts anticipate that Nayax Ltd. will post -0.16 EPS for the current year.

Hedge Funds Weigh In On Nayax

Hedge funds have recently added to or reduced their stakes in the company. Barclays PLC grew its stake in shares of Nayax by 5,526.8% during the third 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 last quarter. Public Employees Retirement System of Ohio purchased a new position in Nayax during the 3rd quarter valued at $69,000. Baillie Gifford & Co. boosted its stake in shares of Nayax by 2.3% during the fourth quarter. Baillie Gifford & Co. now owns 51,247 shares of the company’s stock valued at $1,517,000 after purchasing an additional 1,161 shares during the period. ARK Investment Management LLC grew its holdings in shares of Nayax by 1.7% in the third 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 last quarter. Finally, Azora Capital LP increased its stake in Nayax by 4.9% in the 3rd quarter. Azora Capital LP now owns 100,685 shares of the company’s stock worth $2,583,000 after buying an additional 4,724 shares during the period. 34.87% of the stock is currently owned by institutional investors.

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.