Nayax (NASDAQ:NYAX) Shares Gap Down – Here’s What Happened

Nayax Ltd. (NASDAQ:NYAX) gapped down before the market opened 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 Analysts Forecast Growth

A number of analysts have commented on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Nayax from $28.00 to $30.00 and gave the company a “market perform” rating in a report on Monday, December 9th. Jefferies Financial Group raised Nayax from a “hold” rating to a “buy” rating in a research note on Wednesday, October 30th. B. Riley started coverage on Nayax in a research note on Tuesday, November 19th. They issued a “buy” rating and a $38.00 target price for the company. Barclays upped their price objective 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. Finally, Oppenheimer started coverage on shares of Nayax in a report on Tuesday, October 1st. They issued a “market perform” rating on the stock. Four research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Nayax currently has a consensus rating of “Moderate Buy” and an average price target of $31.25.

Nayax Trading Down 3.9 %

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

Nayax (NASDAQ:NYAX) last announced its earnings results 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. The company had revenue of $83.01 million for the quarter, compared to analyst estimates of $88.40 million. Nayax had a negative return on equity of 7.32% and a negative net margin of 3.62%. During the same quarter in the previous year, the company earned ($0.09) earnings per share. Equities analysts forecast that Nayax Ltd. will post -0.16 earnings per share for the current year.

Hedge Funds Weigh In On Nayax

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Barclays PLC raised its stake in shares of Nayax by 5,526.8% in the third quarter. Barclays PLC now owns 2,307 shares of the company’s stock valued at $58,000 after acquiring an additional 2,266 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Nayax in the 3rd quarter valued at about $69,000. Hood River Capital Management LLC grew its position in shares of 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 buying an additional 1,401 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Nayax by 16.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,915 shares of the company’s stock valued at $168,000 after acquiring an additional 1,099 shares in the last quarter. Finally, Altshuler Shaham Ltd acquired a new stake in Nayax in the second quarter valued at approximately $1,010,000. Hedge funds and other institutional investors own 34.87% of the company’s stock.

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.