Nayax (NASDAQ:NYAX) Shares Gap Down – Time to Sell?

by · The Cerbat Gem

Nayax Ltd. (NASDAQ:NYAX – Get Free Report)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $33.92, but opened at $32.53. Nayax shares last traded at $32.53, with a volume of 211 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Keefe, Bruyette & Woods upped their price objective on Nayax from $28.00 to $30.00 and gave the stock a “market perform” rating in a research report on Monday, December 9th. Oppenheimer began coverage on shares of Nayax in a research note on Tuesday, October 1st. They issued a “market perform” rating 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. B. Riley initiated coverage on shares of Nayax in a research report on Tuesday, November 19th. They issued a “buy” rating and a $38.00 target price on the stock. Finally, Barclays boosted their price target on shares of Nayax from $23.00 to $28.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 15th. Four analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $31.25.

Get Our Latest Stock Report on Nayax

Nayax Trading Down 3.9 %

The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of -105.13 and a beta of -0.03. The business’s 50 day simple moving average is $28.66 and its 200 day simple moving average is $25.66. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.25 and a quick ratio of 1.16.

Nayax (NASDAQ:NYAX – Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.02 EPS for the quarter, beating 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. Research analysts anticipate that Nayax Ltd. will post -0.16 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its position in 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 buying an additional 1,099 shares during the period. Y.D. More Investments Ltd purchased a new position in Nayax in the 2nd quarter valued at approximately $14,790,000. Altshuler Shaham Ltd acquired a new position in Nayax during the second quarter worth $1,010,000. Hood River Capital Management LLC boosted its position in Nayax by 35.8% during the second quarter. Hood River Capital Management LLC now owns 5,313 shares of the company’s stock worth $116,000 after purchasing an additional 1,401 shares in the last quarter. Finally, Swedbank AB grew its holdings in Nayax by 107.6% in the third quarter. Swedbank AB now owns 207,559 shares of the company’s stock valued at $5,233,000 after purchasing an additional 107,559 shares during the last quarter. 34.87% of the stock is currently owned by institutional investors and hedge funds.

About Nayax

(Get Free Report)

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.

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