Nayax (NASDAQ:NYAX) Shares Gap Down to $26.10

Nayax Ltd. (NASDAQ:NYAX - Get Free Report)'s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $26.10, but opened at $23.98. Nayax shares last traded at $24.45, with a volume of 2,705 shares changing hands.

Nayax Stock Down 2.8 %

The stock's fifty day moving average is $25.98 and its 200 day moving average is $22.29. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $833.73 million, a P/E ratio of -52.87 and a beta of 0.08.

Nayax (NASDAQ:NYAX - Get Free Report) last posted its quarterly earnings results on Wednesday, February 28th. The company reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.04). Nayax had a negative net margin of 6.75% and a negative return on equity of 15.96%. The firm had revenue of $66.60 million for the quarter, compared to the consensus estimate of $67.50 million. Research analysts predict that Nayax Ltd. will post 0.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC raised its holdings in Nayax by 873.7% in the 2nd quarter. Barclays PLC now owns 1,480 shares of the company's stock worth $28,000 after purchasing an additional 1,328 shares in the last quarter. Ibex Investors LLC raised its holdings in Nayax by 0.5% in the 3rd quarter. Ibex Investors LLC now owns 303,640 shares of the company's stock worth $7,031,000 after purchasing an additional 1,500 shares in the last quarter. Tower Research Capital LLC TRC bought a new position in Nayax in the 3rd quarter worth $47,000. Credit Suisse AG bought a new position in Nayax in the 3rd quarter worth $123,000. Finally, Citigroup Inc. raised its holdings in Nayax by 1,334.9% in the 1st quarter. Citigroup Inc. now owns 5,625 shares of the company's stock worth $95,000 after purchasing an additional 5,233 shares in the last quarter. 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.