Nayax (NASDAQ:NYAX) Hits New 12-Month High – What’s Next?

Nayax Ltd. (NASDAQ:NYAX) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $38.92 and last traded at $38.90, with a volume of 2910 shares trading hands. The stock had previously closed at $38.78.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods boosted their target price on Nayax from $28.00 to $30.00 and gave the stock a “market perform” rating in a research report on Monday, December 9th. Barclays upped their target price 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. B. Riley assumed coverage on shares of Nayax in a research report on Tuesday, November 19th. They set a “buy” rating and a $38.00 price target for the company. Finally, Jefferies Financial Group upgraded shares of Nayax from a “hold” rating to a “buy” rating in a report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $31.25.

Nayax Price Performance

The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of -128.56 and a beta of 0.02. The company has a 50-day moving average price of $31.37 and a 200-day moving average price of $27.48. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.16 and a current ratio of 1.25.

Nayax (NASDAQ:NYAX) last issued its earnings results on Tuesday, November 12th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of $0.01 by $0.01. The firm had revenue of $83.01 million during the quarter, compared to the consensus estimate of $88.40 million. Nayax had a negative net margin of 3.62% and a negative return on equity of 7.32%. During the same quarter in the prior year, the firm earned ($0.09) earnings per share. On average, equities research analysts expect that Nayax Ltd. will post -0.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Barclays PLC raised its position in shares of Nayax by 5,526.8% during the third quarter. Barclays PLC now owns 2,307 shares of the company’s stock worth $58,000 after purchasing an additional 2,266 shares during the period. Public Employees Retirement System of Ohio bought a new stake in Nayax during the 3rd quarter worth approximately $69,000. Baillie Gifford & Co. raised its holdings in Nayax by 2.3% during the 4th quarter. Baillie Gifford & Co. now owns 51,247 shares of the company’s stock worth $1,517,000 after buying an additional 1,161 shares during the period. 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. Finally, Azora Capital LP increased 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 acquiring an additional 4,724 shares in the last quarter. 34.87% of the stock is currently 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.