Nayax Ltd. (NASDAQ:NYAX) Short Interest Down 58.5% in December
by Doug Wharley · The Cerbat GemNayax Ltd. (NASDAQ:NYAX – Get Free Report) was the target of a large drop in short interest in December. As of December 31st, there was short interest totaling 21,444 shares, a drop of 58.5% from the December 15th total of 51,732 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 5,601 shares, the short-interest ratio is currently 3.8 days. Based on an average daily volume of 5,601 shares, the short-interest ratio is currently 3.8 days. Approximately 0.1% of the company’s stock are short sold.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on the stock. UBS Group upped their price objective on shares of Nayax from $43.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, November 21st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Nayax in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods increased their price target on Nayax from $47.00 to $52.00 and gave the company a “market perform” rating in a report on Friday, January 2nd. Wall Street Zen lowered Nayax from a “buy” rating to a “hold” rating in a research report on Saturday, November 22nd. Finally, Zacks Research downgraded shares of Nayax from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 20th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Nayax presently has an average rating of “Hold” and a consensus price target of $49.00.
View Our Latest Report on NYAX
Nayax Stock Performance
Shares of NYAX stock traded down $0.03 on Friday, hitting $59.05. 1,805 shares of the stock traded hands, compared to its average volume of 8,327. The company’s fifty day moving average is $47.21 and its 200 day moving average is $46.62. Nayax has a 1-year low of $32.38 and a 1-year high of $59.78. The company has a market capitalization of $2.09 billion, a PE ratio of 92.27 and a beta of 0.14. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.71 and a quick ratio of 1.62.
Nayax (NASDAQ:NYAX – Get Free Report) last released its quarterly earnings data on Wednesday, November 19th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.12). The business had revenue of $104.28 million during the quarter, compared to analyst estimates of $109.51 million. Nayax had a return on equity of 6.51% and a net margin of 6.49%. On average, equities research analysts predict that Nayax will post -0.16 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Nayax
A number of large investors have recently bought and sold shares of the business. Bank of America Corp DE grew its holdings in shares of Nayax by 920.4% during the fourth quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock valued at $44,000 after purchasing an additional 1,353 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Nayax by 43.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 294,430 shares of the company’s stock valued at $9,966,000 after purchasing an additional 89,886 shares during the period. Ascent Group LLC acquired a new position in Nayax during the 2nd quarter valued at approximately $220,000. Vanguard Personalized Indexing Management LLC bought a new position in Nayax during the 2nd quarter worth $340,000. Finally, Savant Capital LLC acquired a new stake in Nayax in the second quarter worth $433,000. Institutional investors own 34.87% of the company’s stock.
Nayax Company Profile
Nayax Ltd. is a global fintech company specializing in cashless payment solutions, telematics and management services for unattended retail environments. Founded in 2005 and headquartered in Israel, Nayax develops hardware and software platforms that enable vending machines, kiosks, laundromats, e-commerce and self-checkout points to accept a wide range of payment methods, including credit and debit cards, mobile wallets and contactless NFC transactions.
The company’s product portfolio comprises proprietary point-of-sale terminals—such as the VPOS and Carbon series—as well as a cloud-based management suite known as the Monyx platform.